Free Republic

Democrats have been screaming about President Trump's tariffs, not knowing much about where inflation comes from. I have never seen such simple-minded ignorance when I see most of the media and other Democrats talk about the economy, including basic economic knowledge. Take tariffs. Democrats just repeat the mantra of how the consumer pays 100% of the tariff and how much the tariffs cause "inflation." When Trump raised tariffs on China, in his first term, somehow prices didn't rise much if at all. China is a government-controlled economy and they had to eat the tariffs to keep their economy running. Look...

Benny Johnson @bennyjohnson 🚨BREAKING: President Trump officially announces 25% tariffs on both Mexico and Canada. From Aaron Rupar 3:26 PM · Jan 30, 2025

The government of radical leftist Canadian Prime Minister Justin Trudeau is allegedly planning a “pandemic-style” bailout program to protect industries in the event that President Donald Trump imposes tariffs on the country in February, the Globe and Mail reported on Tuesday. The Canadian newspaper, citing anonymous sources, claimed that Trudeau’s government, expected to end this year as an election looms and Trudeau announced his exit from politics, is planning for massive expenses and suspending some policies to expedite money to affected industries. Any sort of “bailout” would require the Canadian Parliament’s approval, however, and Trudeau paralyzed the Parliament through at...

Colombian President Gustavo Petro on Sunday announced 25% tariffs on US imports, in a tit-for-tat move after US President Donald Trump hiked taxes on Colombian goods and sanctioned the country's leaders after Petro refused to accept migrant deportation flights. Writing on X, Petro initially said he would impose 50% tariffs on US goods, but later deleted the post and announced that he had instructed his minister for external trade "to raise tariffs on imports from the US to 25%."

To fully understand just how remarkable today’s exchange with Colombia was, you need to understand how Washington DC has traditionally worked through these sorts of issues, and the different way it works now under Trump. I’ll illustrate. Traditional Approach: 1. Colombia announces it will not take our repatriation flights. 2. On Monday, the State Department convenes an interagency task force with DoD, NSC, DEA, INS, ICE, Commerce, Treasury and Homeland Security. 3. The task force meets for four days and develops a position paper. 4. The position paper is rejected by the Secretary of State, who is unhappy that insufficient...

BREAKING - Colombia imposes 50% tariffs on US imports after Trump sanctions: president

President Donald Trump says he will impose 25 percent "emergency" tariffs on Colombian goods after the South American nation refused to allow two two flights from the US carrying returning migrants to land. “The US cannot treat Colombian migrants as criminals," Colombia President Gustavo Petro said in a statement on Sunday, Jan. 26. "I deny the entry of American planes with Colombian migrants into our territory. “The US must establish a protocol for the dignified treatment of migrants before we receive them." In response, Trump said Petro's actions jeopardized US national security and that the tariffs would jump to 50...

President Trump said the U.S. could possibly eliminate the federal income tax if his tariff plans work out as intended. "If the tariffs work out like I think, a thing like that could happen, if you want to know the truth," he said. "Years ago, 1870 to 1913, we didn't have an income tax. What we had is tariffs." Trump also said the additional IRS agents the Biden administration hired could potentially move to the border.

The ultimatum given to Vladimir Putin by U.S. President Donald Trump has infuriated Russian propagandists. Russian war bloggers are also outraged. Donald Trump has called on Russian President Vladimir Putin to end the war in Ukraine. He warned that if an agreement is not quickly reached, he would have no choice but to "put high levels of Taxes, Tariffs, and Sanctions on anything being sold by Russia to the United States, and various other participating countries."

Outgoing left-wing Canadian Prime Minister Justin Trudeau warned Thursday that American consumers will pay more if and when President Donald Trump moves to apply sweeping tariffs on products from north of the border. Trump told reporters in the Oval Office earlier in the day he still plans to impose tariffs on Canada and Mexico at 25 percent rates starting as soon as Feb. 1. Trump previously threatened to impose sweeping new tariffs on Mexico, Canada and China as soon as he took office but the tariffs weren’t applied on day one, as Breitbart News reported. The president is seeking assurances...

JPMorgan CEO Jamie Dimon told CNBC on Wednesday that the looming tariffs that President Donald Trump is expected to slap on U.S. trading partners could be viewed positively. “If it’s a little inflationary but it’s good for national security, so be it. I mean, get over it,” Dimon said during an interview at the World Economic Forum in Davos, Switzerland. CEO Jamie Dimon said Wednesday that the looming tariffs that President Donald Trump is expected to slap on U.S. trading partners could be viewed positively. Despite fears that the duties could spark a global trade war and reignite inflation domestically,...

Conservative Leader Pierre Poilievre said he was ‘not aware of any other genders’ in response to Trump’s order, but the federal government should mind its own business.

NATO’s Secretary-General Mark Rutte hailed newly inaugurated U.S. President Donald Trump’s warning on Wednesday that Russia could expect more tariffs and sanctions if it did not end the war in Ukraine. “I was very, very happy with the position of Trump to put more sanctions on Russia. We know that the Russian economy is doing terribly bad[ly], and the sanctions will help,” he told CNBC on the sidelines of the World Economic Forum in Davos, Switzerland.” He expressed hopes that Europe will now also “step up” with sanctions in a bid to “choke off the Russian economy” and lessen Moscow’s...

Donald Trump has warned he will impose high tariffs and further sanctions on Russia if Vladimir Putin fails to end the war in Ukraine. Writing on his social media platform Truth Social, he said that by pushing to settle the war he was doing Russia and its president a "very big favour". Trump had previously said he would negotiate a settlement to Russia's full-scale invasion launched in February 2022, in a single day. Russia has not yet responded to the remarks, but senior officials have said in recent days that there is a small window of opportunity for Moscow to...

JPMorgan CEO Jamie Dimon told CNBC on Wednesday that the looming tariffs that President Donald Trump is expected to slap on U.S. trading partners could be viewed positively. "If it's a little inflationary but it's good for national security, so be it. I mean, get over it," Dimon said during an interview at the World Economic Forum in Davos, Switzerland.Dimon: Trump's tariff policy is positive for national security so people should 'get over it' | 1:01CNBC Television | 2.93M subscribers | 1,399 views | January 22, 2025

United States President Donald Trump stated that his Russian counterpart Vladimir Putin would be "well-off" to end the war in Ukraine, adding that "he is not doing too well" and that Russia lost one million troops. "I have to speak to President Putin, we're gonna have to find out," Trump told reporters at the Oval Office after signing executive orders. "Russia's bigger they have more soldiers to lose but that's no way to run a country," said Trump of Putin. "Zelensky wants to make a deal. I don't know if Putin does. He should make a deal. I think he's...

U.S. President Donald Trump will not impose his promised tariffs on Canada, Mexico or China on his first day in office, according to multiple U.S. reports, giving this country something of a reprieve, at least for now. Trump, who was sworn in as president just after noon on Monday, has been reviewing three options: a 25 per cent tariff on Canadian goods, a 10 per cent tariff on goods from all countries or an escalating tariff that starts low and rises over time, according to Canadian officials. A Trump administration official confirmed to Reuters that the president will hold off...

Tariff talkIt's just a week away before President-elect Trump takes office, and many investors are talking about the policies that will be enacted under the new administration. The most controversial economic approach has clearly been tariffs, which may be leveled against China, Canada, Mexico, the EU, or other blocs and nations. Here's a rundown of what Team Trump is looking to get out of tariffs, and why they might be the best tool or bargaining chip to deal with everything from manufacturing and trade to the fiscal deficit. Agree? Disagree? Comment here. Treasury Secretary Scott Bessent: "The truth is that...

One expert said, 'The agency name is more branding than substance' President-elect Trump on Tuesday announced plans to create a new "External Revenue Service" that would be tasked with collecting revenue from tariffs, but economists are pushing back and noting that U.S. importers bear the brunt of the cost of tariffs rather than firms overseas. "For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS). Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves. It is time for that to...

Donald J. Trump @realDonaldTrump For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS). Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves. It is time for that to change. I am today announcing that I will create the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties, and all Revenue that come from Foreign sources. We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share. January 20, 2025,...