Keyword: tariffs
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More than a few conservative intellectuals have warmed to Donald Trump’s trade protectionism because it supposedly helps blue-collar Americans. But what if his tariffs do the opposite? Erica York at the Tax Foundation crunched some numbers recently showing that Mr. Trump’s proposal for a 25% tariff on imported cars, trucks and parts could eliminate half of the income gains from tax reform for millions of Americans. Those in the lowest income quintile could lose 49% of their tax gains. Say for ease of calculation that these folks received a $100 after-tax bonus from changes like the doubled standard deduction. After...
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One of the greatest gifts President Trump provides through his policy discussion(s) is an awakening to how much U.S. voter perspective has been driven by constructed fallacy. This is especially true in the discussion of domestic economic policy. There are trillions of dollars at stake; and the stakeholders are growing increasingly angry as President Trump places a spotlight on decades of economic fraud and abuse. Prior to the 2016 election few people understood that DC politicians don’t actually write legislation, lobbyists do. Politicians don’t write laws, their role is to sell legislation created by lobbyist groups. That is the modern...
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Trump called out Trudeau's hypocrisy and now the two nations are on a brink of an all-out trade war. Trudeau only has votes to gain, risking the entire Canadian economy to get them; meantime, Trump could start to patriate the entire auto sector, securing mega votes in Michigan once again. Why are Cuckservatives siding with Trudeau and is there any sane way to make Dairy Nationalism Great Again?
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Today’s Campaign Update (Because The Campaign Never Ends) Someone really needs to relieve John McCain of his I-phone. – The guy whose rejection by the American people gave us Barack Hussein Obama got all upset on Saturday over President Trump’s refusal to bow to our Euro-Canadian betters at the G7 summit, and decided to send the following tweet: John McCain ✔ @SenJohnMcCain To our allies: bipartisan majorities of Americans remain pro-free trade, pro-globalization & supportive of alliances based on 70 years of shared values. Americans stand with you, even if our president doesn’t. 7:55 PM - Jun 9, 2018 There...
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The White House is on the verge of introducing penalties against companies engaged in the construction of the Nord Stream 2 gas pipeline, which will deliver Russian natural gas to the EU across the Baltic Sea. Apart from Russian state-owned energy giant Gazprom, the project is being undertaken by German energy firms Wintershall and Uniper, French multinational Engie, British-Dutch oil and gas giant Royal Dutch Shell, and Austrian energy company OMV. Initially, Gazprom's European partners were planning to become stakeholders in the Nord Stream 2 AG, which is registered in Switzerland. However, the Office of Competition and Consumer Protection, Poland’s...
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“Keep calm and carry on.” In the wake of a disastrous G7 summit where US president Donald Trump all but broke off the Western alliance, the EU should stay cool and prepare to take over global leadership. That is the message on Monday (11 June) by a former member of the EU leaders club, Helle Thorning-Schmidt. “The US is leaving a vacuum. And who should step in? For me, it is completely obvious, it is Europe’s time to step in,” the former Danish prime minister said at an event in Brussels. “That’s where our new next opportunity is,” she said,...
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The president’s top economic adviser on Wednesday implied that the U.S. may not abide by any rulings from the World Trade Organization (WTO), a tough signal ahead of a Group of Seven summit this weekend where Trump is expected to face a backlash from allied leaders over his protectionist trade agenda. “International, multilateral organizations are not going to determine American policy,” White House National Economic Council Director Larry Kudlow told reporters at a press briefing organized to preview President Trump’s trip to Canada for the G-7. The comments paint an unyielding stance on trade as the president prepares to meet...
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Mark Levin calling Trump's trade and economic advisers "idiots" in the first hour. Then he drones on and on about how having a trade deficit is supposed to be good for consumers and belittling other conservative talk radio hosts as "It depends" rather than discussing free markets. Does he not know that this is a negotiation tactic of Trump and the goal here is to make trade policies better for everyone involved? Of course he doesn't, because at heart he's a Never Trumper who is secretly hoping Trump fails so that some massive conservative movement will rise up and elect...
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Niagara Regional Police Const. Scott Heron has been found guilty of four criminal charges that include conspiracy to smuggle cheese and chicken wings across the border from the United States into Canada. Heron, 42, had been charged with six counts, three of which related to the Customs Act, and three breach of trust charges that related to his duties as a police officer. Heron was found guilty on all three of the charges laid under the Customs Act, but only one breach of trust charge. Justice James Ramsay delivered his decision on Friday following a five-day trial in the Superior...
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The Democratic People’s Republic of Korea (North Korea) is not democratic—it’s barely even a republic. The same goes for the Democratic Republic of the Congo, and the Lao People’s Democratic Republic (Laos). In fact, if a country includes democratic in its name, you can safely assume that it’s not democratic. This is a classic example of, what I like to call, the wisdom of irony: things are often not what they claim to be, and the more they claim, the less they are. Consider Reason Magazine. In a recent piece, columnist A. Barton Hinkle argues that tariffs are sanctions, since...
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Dan Moore, a 58-year-old steel mill worker, gives the president an A+ on everything from tax cuts to foreign policy, but he is not so sure about tariffs. "We need tariffs, but when it starts to impact the company where you work ... you're thinking, well wait a minute, time out!" he said. Moore is worried the tariffs might cost him his job. The mill where he works, NLMK Pennsylvania, in the town of Farrell, not far from the border with Ohio, employs 750 workers and is a subsidiary of Novolipetsk Steel, or NLMK, Russia's top steelmaker. But even though...
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German Chancellor Angela Merkel said on Wednesday she expected “contentious discussions” at a G7 summit this week, given differences with US President Donald Trump on trade, climate and security. Speaking two days before the Canada meeting of the club of major industrialized democracies, Merkel also said the leaders may not necessarily manage to agree on a final joint statement. “I think everyone knows there will be difficult discussions there, because G7 summits deal with the global economy, trade, climate protection, development—and foreign policy,” she told German parliament. […] Merkel vowed to enter the talks “in good faith”, but stressed that...
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OTTAWA (Reuters) - Leaders of the Group of Seven rich nations headed for a summit in Canada on Thursday more divided than at any time in the group’s 42-year history, as U.S. President Donald Trump’s “America First” policies risk causing a global trade war and deep diplomatic schisms. In a bid to rebuild America’s industry, Trump has imposed hefty tariffs on steel and aluminum imports, including those from key G7 allies like Canada, Japan and the European Union. He has threatened to use national security laws to do the same for foreign car imports and has walked back on environmental...
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German Chancellor Angela Merkel shared a picture on her official Instagram account that shows her staring down President Donald Trump during the G-7 Summit in Canada this weekend. True to form, online commenters have since turned the photo into a humorous caption contest. Merkel—or an aide that runs her account—shared the picture on Saturday, as Trump was preparing to depart early from the meeting in Montréal, Quebec ahead of a high-stakes Singapore meeting with North Korean leader Kim Jong-un. The photo depicts Trump sitting behind a table with his arms crossed, while stony-faced aides and leaders look in his direction....
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There are two interviews with Alan Tonelson that I think everyone should listen to. The: link to both interviewss The first interview is from May 31, 2018. Scroll down to that date and click on: 3 Breitbart News Tonight - Alan Tonelson - May 31, 2018 The first interview is from June 8, 2018. Scroll down to that date and click on: Breitbart News Tonight - Allen (They misspelled his name) Tonelson - June 8, 2018
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U.S. Steel Corp. says it will restart the second of two shuttered blast furnaces at its Granite City mill and hire 300 employees. The decision by the Pittsburgh-based company follows a March announcement that it would restart the other blast furnace at the Granite City Works in the Metro East and recall 500 workers. U.S. Steel laid off hundreds of workers when it idled the furnaces in late 2015, with employment at the nearly 2,000 worker plant dipping as low as 100 in the ensuing two years. The company says the restart of the first furnace is in progress and...
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During a testy phone call with Prime Minister Justin Trudeau, U.S. president Donald Trump reportedly cited the War of 1812 in order to justify seeing Canada as a security threat. “Didn’t you guys burn down the White House?” he told Trudeau, according to sources cited by CNN. The reason for the call was the U.S. imposition of tariffs on Canadian steel and aluminum, which Trump has justified on national security grounds. The new tariffs, announced last week, sparked disbelief from across the political spectrum in Canada. For more than a century, the United States has had no problem building military...
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Mexico put tariffs on American products ranging from steel to pork and bourbon on Tuesday, retaliating against import duties on metals imposed by President Donald Trump and taking aim at Republican strongholds ahead of U.S. congressional elections in November. Mexico’s response further raises trade tensions between the two countries and adds a new complication to efforts to renegotiate the trillion-dollar North American Free Trade Agreement between Canada, the United States and Mexico. American pork producers, for whom Mexico is the largest export market, were dismayed by the move. Trump last week rattled some of the United States’ closest allies by...
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