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Keyword: tariffs

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  • With Canada Facing Grueling Tariffs, Trudeau Prioritizes Ukraine in Trump Call

    02/24/2025 8:35:16 AM PST · by ChicagoConservative27 · 10 replies
    Breitbart ^ | 02/24/2025 | Frances Martel
    Far-left Canadian Prime Minister Justin Trudeau promised the Ukrainian government $5 billion taken from seized Russian assets and several other forms of aid during a visit to Kyiv on Monday marking the third anniversary of Russia’s full-scale invasion of that country. The visit was preceded by a phone conversation between Trudeau and American President Donald Trump, who has prioritized brokering an end to the war with Russia directly. Notably, readouts and reports on the contents of that call published this weekend indicated that the topic of conversation was primarily Ukraine, rather than the Canada-U.S. relationship.
  • How Much Damage Could Trump’s Tariffs Do?

    02/24/2025 7:05:56 AM PST · by SeekAndFind · 59 replies
    The Oxford Club ^ | 02/24/2025 | Matt Benjamin
    From Baltimore – Wide-ranging tariffs are scheduled for March, yet it’s not clear to most Americans – including this one – exactly what the impact will be.We all know that tariffs are taxes on imports, of course. But how much? And what is taxed? And who will pay for them?Well, sometimes a few good charts can shed light on just such a matter. And I recently came across two that speak volumes.First, however, what is the Trump administration’s tariff plan?Well, the White House has already put an additional 10% tariff on goods from China. A 25% tariff on imports from...
  • ‘We’re Mad as Hell’: Fuming Canadians Nix U.S. Vacations to Protest President Donald Trump’s Tariffs

    02/22/2025 4:25:37 PM PST · by ChicagoConservative27 · 95 replies
    Breitbart ^ | 02/22/2025 | Amy Furr
    Miffed Canadians are opting out of American vacations as President Donald Trump imposes tariffs on their country to protect his own nation and its people. The Canadians’ decision not to visit America is having an effect on air and land travel as they push back against the tariffs levied against their nation, the New York Post reported on Saturday. On January 31, the White House confirmed that Trump was preparing to impose fresh tariffs on major U.S. trading partners in an effort to shield American industry and national security, per Breitbart News’s John Carney: White House press secretary Karoline Leavitt...
  • Hyundai, Kia Plan to Boost American Auto Production to Avoid Trump Tariffs

    02/20/2025 5:01:49 PM PST · by ChicagoConservative27 · 44 replies
    Breitbart ^ | 02/20/2025 | Sean Moran
    Hyundai Motor Company and Kia aim to boost American automobile production to avoid President Donald Trump’s planned 25 percent auto tariff, according to a report. Trump on Tuesday said the tariff rates on auto imports will be “in the neighborhood of 25 percent,” with more details to come in early April. He noted that he will give auto manufacturers time to avoid the tariff. “If they have a plant and factory here, there will be no tariff,” the 47th president remarked.
  • Trump wants to abolish IRS after tariff revenues make ‘whole economy explode,’ new Commerce secretary Howard Lutnick reveals

    02/20/2025 3:28:54 PM PST · by Libloather · 37 replies
    NY Post ^ | 2/20/25 | Victor Nava
    One of President Trump’s objectives over the next four years is to have US revenues from tariffs become so massive that the Internal Revenue Service is no longer needed, his commerce secretary revealed Wednesday. “His goal is to abolish the Internal Revenue Service and let all the outsiders pay,” Commerce Secretary Howard Lutnick said during an appearance on Fox News Channel’s “Jesse Watters Primetime.” The former CEO of Wall Street firm Cantor Fitzgerald expanded a day later on his belief that Trump’s sweeping tariff plan will be a boon for the US economy. “As the president said, reciprocal tariffs, either...
  • The German central bank agrees with President Trump!

    02/18/2025 7:52:33 AM PST · by SeekAndFind · 17 replies
    American Thinker ^ | 02/18/2025 | Jack Hellner
    In trade relations between Germany and the U.S., the European nation has clearly been on the winning side of unfair policies, and now the president of the nation’s central bank says Germany would “suffer” if President Trump were to implement the same tariffs that they have on us. From Reuters, via Yahoo News:Trump’s tariff plans put Germany’s growth at particular risk, Bundesbank warnsGermany is particularly vulnerable to US trade tariffs, which could curb growth for years to come and hold back an economy already suffering through two straight years of contraction, Bundesbank President Joachim Nagel said on Monday.Germany, Europe’s largest...
  • Traders are scrambling to fly gold bullion across the Atlantic [London to New York City] — here's why

    02/17/2025 8:18:50 PM PST · by catnipman · 21 replies
    business insider markets ^ | 2/17/2025 | Nora Redmond
    Gold is being flown from London to New York in unusually high volumes. Gold held in the UK's central bank has been trading at a discount due to tariff fears. The metal has been trading at record highs of about $2,9000 an ounce this month. Significant amounts of gold are being taken out of the UK's central bank and flown to New York, driven by fears about the impact of tariffs threatened by President Donald Trump. The uncertainty means gold held at the Bank of England has been trading at a discount to the wider market, and traders face lengthy...
  • Played for suckers: Kansas farmer blasts Trump voters in scathing editorial | Opinion (Barf)

    02/17/2025 6:44:37 AM PST · by where's_the_Outrage? · 80 replies
    Alternet ^ | Feb 17, 2025 | Ben Palen, Kansas Reflector
    Back in November, I wrote a column for Kansas Reflector that discussed the likely adverse effects of President Trump’s proposed tariffs on U.S. farmers. The piece noted that 398 million acres of cropland has been added to the mix around the world since the start of this century, notably in tropical regions such as Brazil and India. There is increasing competition for U.S. farmers in export markets. The United States alone cannot absorb all that we produce here. Many farmers voted for Trump because he promised less regulation and greater prosperity for America’s farmers. The hard truth is that, like...
  • With Reciprocal Trade Tariffs, Trump May Nudge the World To Freer Trade

    02/16/2025 7:52:51 PM PST · by SeekAndFind · 6 replies
    Unleash Prosperity ^ | 02/13/2025 | Stephen Moore
    Trump announced on Friday that the U.S. will enforce reciprocal trade tariffs with other nations – meaning Trump will lift American tariffs to the rates those other nations charge us.For all the self-righteous indignation by the Chinese, Germans and the huffy European Union bureaucrats, the U.S. has virtually the lowest tariffs of any major trading partner in the world (and these numbers don’t even include the VAT taxes that are rebated on exports and zing imports).We are also (by far) the richest country in the world with half of the world’s wealth, which contradicts the argument by some of our...
  • BREAKING: President Trump announces RECIPROCAL TARIFFS...

    02/13/2025 11:37:40 AM PST · by E. Pluribus Unum · 4 replies
    X.com ^ | Last edited 1:02 PM · Feb 13, 2025 · | Libs of TikTok✓@libsoftiktok
    ...on any country ripping off America.
  • So odd that Trump's press conference (reciprocal tariffs, RFK, "naming names") is on a recording delay

    02/13/2025 11:16:35 AM PST · by NewJerseyJoe · 24 replies
    self | 2/13/25 | NewJerseyJoe
    I cannot imagine why it would not be broadcast live.
  • LIVE: President Trump Holds a Major Press Conference on Tariffs - 2/13/25 1pm ET

    02/13/2025 9:10:53 AM PST · by Lakeside Granny · 117 replies
    President Trump will hold a major news conference on reciprocal tariffs at 1 pm EST on Thursday, Feb. 13, 2025. Watch LIVE on RSBN!
  • Tariffs Made America Great

    02/12/2025 6:20:01 PM PST · by Mr. Mojo · 4 replies
    The American Conservative ^ | Jul 27, 2018 | Pat Buchanan
    The economy has often soared under Republicans who protected domestic industry.“Make America Great Again” will, given the astonishing victory it produced for Donald Trump, be recorded among the most successful slogans in political history. Yet it raises a question: how did America first become the world’s greatest economic power? In 1998, in The Great Betrayal: How American Sovereignty and Social Justice Are Being Sacrificed to the Gods of the Global Economy, this writer sought to explain. However, as the blazing issue of that day was Monica Lewinsky and Bill Clinton, it was no easy task to steer interviewers around to...
  • Mitch McConnell says Trump’s trade war will raise prices: ‘Tariffs are bad policy’

    02/12/2025 11:21:22 AM PST · by RandFan · 83 replies
    CNBC ^ | Feb 12 | Kevin Breuninger
    Republican Sen. Mitch McConnell is speaking out against President Donald Trump’s sweeping tariff plans, warning that starting trade wars with U.S. economic partners could force higher costs on American families and businesses. Trump’s “aggressive proposals leave big, lingering concerns for American industry and workers,” the senator from Kentucky wrote in an op-ed Wednesday in Louisville’s Courier-Journal. The op-ed is a rare example of a senior Republican in Congress who is willing to publicly criticize the president’s economic strategy. Trump, who has called tariff his “favorite word,” recently slapped broad import duties on Canada, Mexico and China, plus additional tariffs on...
  • Tony Seruga @TonySeruga: Here are just some historic tariffs Canada hits America with. Milk: 270% Cheese: 245% Butter: 298% Chicken: 238%

    02/11/2025 2:26:40 PM PST · by ransomnote · 30 replies
    X.com ^ | February 2, 2025 | Tony Seruga @TonySeruga
    https://x.com/TonySeruga/status/1886110888731840537Just love how uneducated both Americans and Canadians truly are.Here are just some historic tariffs Canada hits America with.Milk: 270%Cheese: 245%Butter: 298%Chicken: 238%Sausages: 69.9%Barley seed: 57.8%Bovine/meat: 26.5%Cars: 25%HVAC: 45%Vacuums: 35%Cable boxes: 35%TVs: 45%Steel: 25%Aluminum: 45%Copper: 48%Take a guess how much financial aide the U.S. sends Canada EVERY YEAR and how much military defense $$$$ we provide?
  • Hong Kong Will File Complaint to WTO on US Tariffs, Official Says

    02/10/2025 10:02:04 PM PST · by nickcarraway · 17 replies
    Hong Kong will file a complaint on recent US tariffs imposed on the city to the World Trade Organization, claiming the United States has completely ignored the city's status as a separate customs territory, chief secretary Eric Chan said on Tuesday (Feb 11). "This is absolutely inconsistent with the WTO rules. Of course, they have totally disregarded Hong Kong is a separate customs territory," Chan, the China-ruled city's number two official, told reporters. "We will file a complaint to the WTO regarding this unreasonable arrangement," he said without giving specifics. Chan was responding to a US decision to impose 10...
  • Trump says he'll announce new tariffs on aluminum, steel imports today

    02/10/2025 8:29:30 AM PST · by SeekAndFind · 41 replies
    CBS News via MSN ^ | 02/10/2025 | Lucia Suarez Sang
    President Trump said Sunday that he will announce 25% tariffs on all steel and aluminum imports into the United States on Monday. Mr. Trump, speaking on Air Force One on the way to New Orleans to attend the 2025 Super Bowl, said he would also announce "reciprocal tariffs" on Tuesday or Wednesday, which he said will go into effect immediately. This means that the U.S. would impose import duties on products in cases where another country has levied duties on U.S. goods. "If they charge us, we charge them … every country," he said, adding, "If they are charging us...
  • China imposes retaliatory tariffs on $14bn worth of US goods

    02/10/2025 4:38:36 AM PST · by Strict9 · 18 replies
    Financial Times ^ | 2-9-25 | Joe Leahy
    <p>Compared with the blanket US tariffs, China’s measures — which target US exports of liquefied natural gas, coal, crude oil and farm equipment as well as some automotive goods with levies of 10 per cent to 15 per cent — were seen as creating space for negotiations to avert a wide trade conflict.</p>
  • Uncovering SHOCKING Waste of US Tax Dollars - How DOGE, Musk + Vivek Eliminate Taxes

    02/08/2025 5:30:30 AM PST · by Twotone · 23 replies
    YouTube.com ^ | December 9, 2024 | Patrick Bet-David
    Patrick Bet-David explains how DOGE led by Elon Musk and Vivek Ramaswamy can cut income taxes to 0% potentially.
  • Tariffs Helped a South Carolina Town. They Left American Shoppers Worse Off.

    02/08/2025 4:26:49 AM PST · by karpov · 26 replies
    Wall Street Journal ^ | February 8, 2025 | Chao Deng
    NEWBERRY COUNTY, S.C.—Just before the start of Donald Trump’s first term, this small county with acres devoted to chicken and egg farming made a bid to revive its manufacturing glory days. The timing was perfect: Trump was talking about imposing tariffs on imports, and foreign companies looking to avoid them were open to setting up shop in the U.S. The county landed Korean manufacturer Samsung Electronics, whose washing machine factory now employs more than 1,500 workers and brings the county $1 million each year in tax revenue. Two other Korean firms followed Samsung to Newberry to supply parts for its...