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Keyword: tariffs

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  • President Trump to CNBC: China is going to make a deal because ‘they’re going to have to’

    06/10/2019 5:30:51 PM PDT · by Steve1999 · 22 replies
    CNBC ^ | 06-10-19 | Kevin Breuninger
    President Donald Trump told CNBC on Monday he believes China will make a deal with the U.S. “because they’re going to have to.” In a wide-ranging telephone interview on “Squawk Box, ” Trump defended his threats to slap tariffs on Mexico and China, which he said are putting the U.S. “at a tremendous competitive advantage.” “The China deal is going to work out. You know why? Because of tariffs,” Trump told co-host Joe Kernen. “Right now, China is getting absolutely decimated by companies that are leaving China, going to other countries, including our own, because they don’t want to pay...
  • Pat Buchanan: The Great Betrayal (best book on tariffs and their history)

    From The Great Betrayal jacket (1998): Pat Buchanan has seen firsthand the devastating effects of America's slavish devotion to global free trade. As a Republican candidate for president in 1992 and 1996, he met plenty of American workers who had been sacrificed to the Global Economy, and saw towns and entire regions abandoned by the industries that once supported them. While America boasts of having a strong economy - a powerful stock market, booming corporate profits, record CEO salaries - the men and women he met on the campaign trail told a far different story. With free trade now supported...
  • Trump: If President Xi does not attend G-20, more China tariffs will go into effect immediately

    06/10/2019 5:23:39 PM PDT · by Innovative · 35 replies
    CNBC ^ | June 10, 2019 | Michael Sheetz
    President Trump threatened more tariffs on Chinese imports if President Xi Jinping is not at this month’s G-20 meeting. The president previously threatened to put levies on another $300 billion in Chinese goods if an agreement is not reached soon. President Donald Trump confirmed on Monday that additional tariffs on Chinese goods will be levied if Chinese President Xi Jinping does not attend this month’s G-20 meeting. When asked during a telephone interview if that means the new tariffs would go into effect immediately, Trump told CNBC’s Becky Quick, “Yes, it would.” The president previously threatened to put levies on...
  • Mexico Is Not As ‘Stupid As They Look’

    06/10/2019 2:13:03 PM PDT · by SeekAndFind · 26 replies
    Townhall ^ | 06/10/2019 | Will Alexander
    There’s a scene in the movie “Tombstone” where Kurt Russell’s character, Wyatt Earp, was surrounded by cowboys who told him to “turn loose” one of their partners who had just murdered the town marshal. Earp, standing alone and determined to enforce the law, had to think quickly as he was about to be rushed by several cowboys – including Ike Clanton, who had threatened him earlier against all the law stuff: “Hey Law Dog, law don’t go ‘round here.” With no options, Earp pointed his gun at Ike’s forehead and said, “You die first, get it? Your friends might get...
  • Chinese Exporters Found Using Fake ‘Made in Vietnam’ Labels to Avoid US Tariffs

    06/10/2019 10:42:55 AM PDT · by House Atreides · 40 replies
    Observer.com ^ | June 10, 2019 | Sissi Cao
    On Sunday, the government of Vietnam said it had identified dozens of fake “Made in Vietnam” certificates on everything from agriculture to textiles and steel produced by Chinese companies trying to circumvent U.S. tariffs. Vietnam also alleged that some Chinese exporters had been illegally re-routing orders to Vietnam since the Trump administration hiked tariffs on $250 billion of Chinese goods from 10 percent to 25 percent last month. The government cited an example of U.S. customs officials uncovering Chinese plywood being shipped to America through a Vietnamese company. The Southeast Asian country pledged to increase penalties on trade-related fraud, but...
  • Texas border town feels stress of Trump tariff threat against Mexico

    06/10/2019 9:37:43 AM PDT · by McQ444 · 32 replies
    NBC ^ | 06-10-19 | Phil McCausland
    LAREDO, Texas — The edges of this small border city bustle with activity as construction vehicles clear flat expanses of land for massive warehouses, and semi-trucks moving American and Mexican goods appear to cover every inch of roadway. To James Gonzalez, 33, the sterile, boxy buildings and traffic congestion only a few miles from the five bridges that connect the U.S. to Mexico represent financial success and future business opportunities. The city's fortunes, based entirely on trade between the two countries, is forever tied to the United States’ kinship with or animus for its southern neighbor. The closeness of that...
  • China exports grow despite U.S. tariffs, but import slump most in nearly three years

    06/10/2019 6:03:35 AM PDT · by yesthatjallen · 21 replies
    Reuters ^ | June 9, 2019 | Stella Qiu, Tony Munroe
    China’s exports unexpectedly returned to growth in May despite higher U.S. tariffs, but imports fell the most in nearly three years in a further sign of weak domestic demand that could prompt Beijing to step up stimulus measures. Some analysts suspected Chinese exporters may have rushed out shipments to the United States to avoid new tariffs on $300 billion of goods that President Donald Trump is threatening to impose in a rapidly escalating trade dispute. But Monday’s better-than-expected export data is unlikely to ease fears that a longer and costlier U.S.-China trade war may no longer be avoidable, pushing the...
  • Vietnam Reaps the Benefits of US–China Trade War

    06/09/2019 8:15:35 PM PDT · by Rabin · 11 replies
    Epoch Times ^ | June 9, 2019 | EMEL AKAN
    The escalating trade impasse has turned into a boon for countries such as Vietnam, as companies increasingly switch to alternative suppliers. Vietnam is by far the biggest winner to date, having gained 7.9 percent of its gross domestic product from trade diversion. Vietnam is trailed by Taiwan, which has gained 2.1 percent of its GDP from import substitution.
  • Billionaire Kochs to Financially Back Democrats Pushing Amnesty, Free Trade

    06/09/2019 8:41:02 PM PDT · by bitt · 83 replies
    Breitbart ^ | 6/9/2019 | John Binder
    The pro-mass immigration Koch brothers’ network of billionaire, donor-class organizations is readying to financially back Democrats, so long as they promise to support amnesty for illegal aliens and vote to advance free trade at all costs. In a memo to its staff, the Koch-funded Americans for Prosperity (AFP) organization announced that the economic libertarian group is set to back any elected official in Washington, DC, — including Democrats — who support their agenda of amnesty for illegal aliens and endless free trade, and oppose the GOP voter-preferred economic nationalist agenda of less immigration and tariffs to protect American jobs. The...
  • Limiting Presidential authority on tariffs despite a do-nothing legislature?

    06/09/2019 3:45:34 PM PDT · by JZad · 3 replies
    Communities Digital News (LLC) ^ | June 9, 2019 | Allan C. Brownfeld
    Imposing tariffs on Mexico would also have done nothing to stop the flow of immigrants. At least not directly. However, the threat did bring President Adrés Manuel López Obrador to the table. And Mexico will be providing assistance to the US in order to stem the imposition of tariffs.
  • Mexico Relented on Border Long Before Trump's Deal

    06/08/2019 5:54:21 PM PDT · by artichokegrower · 37 replies
    San Francisco Chronicle ^ | June 8, 2019 | Michael D. Shear and Maggie Haberman
    The deal to avert tariffs that President Donald Trump announced with great fanfare Friday night consists largely of actions that Mexico had already promised to take in prior discussions with the United States over the past several months, according to officials from both countries who are familiar with the negotiations.
  • Beto and Bernie blast Trump for deal with Mexico and threatening tariffs

    06/09/2019 12:15:03 PM PDT · by Innovative · 33 replies
    Fox News ^ | June 9, 2019 | Andrew O'Reilly
    Democratic presidential candidate Beto O’Rourke mocked President Trump’s claims of victory in the recent deal reached with Mexico to avert his threatened tariffs – calling the president’s claims “overblown” and arguing that he has hurt the economic ties between Washington and its closest neighbor. “I think the president has completely overblown what he purports to have achieved. These are agreements that Mexico had already made and, in some case, months ago,” the former congressman from Texas said on ABC’s “This Week.” “They might have accelerated the timetable, but by and large the president achieved nothing except to jeopardize the most...
  • Border Patrol's Worst Nightmare: ISIS Planned To Attack America Utilizing Our Weak Immigration

    06/09/2019 10:57:14 AM PDT · by rktman · 47 replies
    townhall.com ^ | 6/8/2019 | Beth Baumann
    For years Border Patrol agents have expressed concern about America's immigration policies, saying that the United States' southern border was vulnerable. They have expressed concerns about a potential terrorist using the United States-Mexico border as a means of gaining access to America to carry out a terrorist attack. And, not surprisingly, their fears have become a reality. Border Patrol agents are extremely overwhelmed along our southern border. They are spending the majority of their time processing people instead of actually protecting our border. Up until now, we haven't really seen terrorists utilize our southern border to carry out an attack....
  • Top Democrats ‘Disappointed’ Mexico Tariff Threat Worked, Accuse Trump of Caving to Pressure

    06/09/2019 10:38:53 AM PDT · by jazusamo · 40 replies
    PJ Media ^ | June 9, 2019 | Matt Margolis
    Trump’s success in getting Mexico to agree to do more to curb the flow of illegal immigrants through their country and into the United States should be receiving universal praise, but unfortunately, Democrats, who we all know want to see illegal immigration increase to help secure their party’s power in government, couldn’t concede that Trump’s plan worked. House Speaker Nancy Pelosi called Trump’s tariff threat, which succeeded in its goal, a counterproductive exercise in “threats and temper tantrums.” “President Trump undermined America’s preeminent leadership role in the world by recklessly threatening to impose tariffs on our close friend and neighbor...
  • Mexico Agreed to Take Border Actions Months Before Trump Announced Tariff Deal

    06/09/2019 11:53:13 AM PDT · by reaganaut1 · 73 replies
    New York Times ^ | June 8, 2019 | Michael D. Shear and Maggie Haberman
    WASHINGTON — The deal to avert tariffs that President Trump announced with great fanfare on Friday night consists largely of actions that Mexico had already promised to take in prior discussions with the United States over the past several months, according to officials from both countries who are familiar with the negotiations. Friday’s joint declaration says Mexico agreed to the “deployment of its National Guard throughout Mexico, giving priority to its southern border.” But the Mexican government had already pledged to do that in March during secret talks in Miami between Kirstjen Nielsen, then the secretary of homeland security, and...
  • Sen. Ron Johnson: Trump leveraged tariffs 'brilliantly' in gaining border deal

    06/09/2019 9:37:02 AM PDT · by jazusamo · 32 replies
    The Washington Times ^ | June 8, 2019 | Valerie Richardson
    Sen. Ron Johnson, Wisconsin Republican, said Sunday that President Trump negotiated “brilliantly” with Mexico by securing a border-security deal days after threatening to impose tariffs. “In general, Republicans understand tariffs are attacks on American consumers, and we don’t want to see them in place long term, not do I believe President Trump does, either,” Mr. Johnson told “Fox News Sunday.” “He’s using tariffs as leverage in trade negotiations, and I think he used them as leverage in this situation brilliantly, quite honestly.” Mr. Trump announced Friday he would suspend his threat of a tariff starting at 5 percent and rising...
  • Trump brands Democrats as the Illegality Party

    06/09/2019 9:33:27 AM PDT · by Sean_Anthony · 20 replies
    Canada Free Press ^ | 06/09/19 | David Singer
    Being branded "The Illegality Party" will certainly not help the Democrats in the 2020 elections President Trump has effectively branded the Democrats as the Illegality Party after he secured Mexico’s pledge to halt the flow of illegal entrants into the USA. The Democrats had embraced illegality over the rule of law as they refused to cooperate with President Trump in trying to stop this long time problem through America’s Southwest Border with Mexico.
  • Mexico freezes bank accounts in widening migration clampdown

    06/09/2019 7:45:12 AM PDT · by upchuck · 44 replies
    Rooooooooters ^ | June 6, 2019 | Anthony Esposito
    MEXICO CITY (Reuters) - The Mexican Finance Ministry said on Thursday it blocked the bank accounts of 26 people for their alleged involvement in human trafficking, as Mexico broadens its migration clampdown under intense pressure from U.S. President Donald Trump. The ministry’s Financial Intelligence Unit (FIU) said in a statement it froze the accounts due to “probable links with human trafficking and illegal aid to migrant caravans.” The FIU added that it would present the cases to the Attorney General’s office. The United States is looking for Mexico to target people-smuggling organizations as part of a package of actions on...
  • Mnuchin says Trump still has authority to impose tariffs if Mexico does not abide by deal

    06/08/2019 10:18:29 AM PDT · by Innovative · 21 replies
    CNBC ^ | June 8, 2019 | Spencer Kimball
    “Our expectation is that Mexico will do what they’ve committed to do and our expectation is that we won’t need to put tariffs in place, but obviously if that’s not the case, the president retains that authority,” Mnuchin told Reuters. Trump announced Friday evening that the U.S would “indefinitely” suspend planned tariffs against Mexico, which were scheduled to go into effect on Monday. In return, Mexico agreed to deploy its national guard to crack down on Central American migrants travelling through the country on their way to the U.S. southern border.
  • “Trump, You Magnificent Bastard!”

    06/08/2019 4:47:03 AM PDT · by NOBO2012 · 4 replies
    MOTUS A.D. ^ | 6-8--19 | MOTUS
    Do you know what we need around here? That’s right, a little…That’s right, somebody crazy enough to just say no.International Border AheadAs it happens, we elected such a guy.The result, after all the breast beating, kvetching, threatening and posturing about PDJT’s threatened Mexican tariffs, this:Terms of Agreement with Mexico Mexican national guard deployed Action to dismantle human smuggling and trafficking Asylum seekers returned to Mexico Mexico to offer asylum seekers jobs, health care, and education Further action if no results in 90 days Seriously folks, this isn’t rocket science. It’s more like raising a child. Children need to be taught...