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Keyword: tariffs

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  • Don't Bore Audie With Facts: She Prefers Calling Tariffs A 'P---ing Match'

    03/13/2025 8:49:20 AM PDT · by governsleastgovernsbest · 8 replies
    NewsBusters ^ | Mark Finkelstein
    Audie Cornish wants Trump's tariffs cast in the most negative possible light. On today's CNN This Morning, host Cornish played a clip of a plain-spoken Iowa soybean farmer saying, "You know, it's just a p---ing match, you know? And nobody's going to win." The p-word was muted but it's clear what he said. A bit later, when panelist Kevin Frey [a Spectrum News reporter] launched an earnest, factual description of the effects of tariffs, Cornish eventually cut him off, saying: "We just got a deep dive into commodities from you, which, you know, I like it. You're bringing some good...
  • Ontario premier backs down on US electricity hikes, prompting Trump to halt doubling tariffs

    03/12/2025 5:49:40 AM PDT · by V_TWIN · 19 replies
    apnews.com ^ | March 11, 2025 | ROB GILLIES
    TORONTO (AP) — The premier of Canada’s most populous province said Tuesday he was suspending the 25% surcharge that Ontario imposed earlier this week on electricity exports to the United States after speaking with the U.S. Commerce Secretary and agreeing to meet with him in Washington. Ontario Premier Doug Ford said he and U.S. Commerce Secretary Howard Lutnick have agreed to meet on Thursday to “discuss a renewed” United States-Mexico-Canada-Agreement ahead of U.S. President Donald Trump’s April 2 reciprocal tariff deadline. “They call you and they hand over an olive branch, the worst thing I could do as premier of...
  • European Union to Target Republican States With Tariffs in Trump Trade War

    03/12/2025 3:27:41 PM PDT · by Kazan · 30 replies
    Breitbart ^ | 12 Mar 2025 | Kurt Zindulka
    The European Union is reportedly seeking to put pressure specifically on Republican-controlled states as it enacts so-called retaliatory tariff measures on American businesses amid the trade war with the Trump administration.As an order from U.S. President Donald Trump to impose global 25 per cent tariffs on aluminium and steel products, which are expected to impact an estimated €26 ($28) billion worth of EU exports to America, Brussels announced on Wednesday a package of countermeasures covering about the same in American exports to the bloc.According to the Associated Press, EU officials admitted that their tariffs would be “aimed at products made...
  • Stephen Moore to Newsmax: 'Rough Sledding' With Tariffs Will Bring 'Freer and Fairer Trade'

    03/12/2025 12:14:00 PM PDT · by Navy Patriot · 17 replies
    Newsmax ^ | March 12, 2025 | Nicole Weatherholtz
    Former Trump Senior Economic Adviser Stephen Moore told Newsmax on Wednesday that the United States might be in for "a little rough sledding" over the next few weeks, when it comes to President Donald Trump's tariffs, but they will ultimately bring about "freer and fairer trade." "I'm an old-fashioned free trade guy and I've always believed in the kind of [former President Ronald] Reagan vision that North America should be one big free-trade zone," Moore said on Newsmax's "Wake Up America." "Trump did negotiate a good trade deal in his first term, the [United States-Mexico-Canada] free trade deal, so I'd...
  • After a campaign of soft and silky ads, Ontario goes the Full Putin on electricity tariffs, vowing to shut the electricity off in three states

    03/12/2025 9:58:07 AM PDT · by SeekAndFind · 17 replies
    American Thinker ^ | 03/12/25 | Monica Showalter
    Years ago, Russia's leader, Vladimir Putin, was roundly condemned for shutting off energy exports to Ukraine and much of Europe in the dead of winter over payment disputes. I recall reading that someone in Serbia, which got its energy from pipelines from Ukraine, froze to death. Putin was unmoved. Then, after full blown war was declared in 2014, Putin went for electricity shutoffs, in 2015, and in the past year, through cyberattacks on the country's grid. It was terrible for Ukraine, which had to scramble for alternative suppliers as well as turn to its nuclear reactors to get what it...
  • Commerce Secretary Howard Lutnick Outlines Global Impact and Response from USA Tariff Hammer [Great News!]

    03/12/2025 9:30:20 AM PDT · by SoConPubbie · 8 replies
    The Last Refuge ^ | March 12, 2025 | Sundance
    Commerce Secretary Howard Lutnick appears on CBS News to outline how the MAGAnomic tariff program immediately creates positive outcomes when President Trump identifies the specific targets.As Lutnick appropriately notes, the EU has received one-way tariff benefit since the creation of the Marshal Plan in 1945. President Trump is on track to finally end this exfiltration of American wealth. Lutnick cuts through the nonsense and delivers a very non-pretending reality as he outlines how Canada doesn’t stop fentanyl, and Mexico doesn’t stop migration caravans.This is an excellent explanatory outline of how President Trump paints the target, then Commerce Secretary Lutnick supports...
  • It's not that Trump doesn't care about markets. He just cares about tariffs more.

    03/12/2025 8:48:11 AM PDT · by lasereye · 52 replies
    Yahoo Finance ^ | March 12, 2025 | Ben Werschkul
    Investors are trying to make sense of President Trump's willingness to shrug off market losses in recent days. A review of the president's commentary suggests perhaps a simple answer: He just cares more about tariffs during his second go-around in the White House so far. "Markets are going to go up, and they're going to go down, but you know what: We have to rebuild our country," he said Tuesday afternoon in a trade-focused refrain that the president has sharpened in recent days even as market pressure has mounted. And the economic fallout is clearly in evidence with markets in...
  • VIDEO: TDS Reporter Slams Tariffs on Canada Just Before they WORKED

    03/12/2025 8:08:36 AM PDT · by PJ-Comix · 13 replies
    Rumble ^ | March 12, 2025 | DUmmie FUnnies
    VIDEOCNBC reporter Steve Liesman erupted in full TDS mode over Trump's tariff's on Canada. Unfortunately for Liesman, just a little after his condemnation of those tariffs, they WORKED.WINNING!!!
  • EU retaliates as Trump steel, aluminum tariffs take effect

    03/12/2025 6:40:16 AM PDT · by ChicagoConservative27 · 27 replies
    The Hill ^ | 03/12/2025 | Filip Timotija
    The European Union (EU) retaliated swiftly with a two-step approach in response to President Trump’s fresh 25 percent tariffs on steel and aluminum that took effect Wednesday. First, the European trading bloc — made up of 27 nations — will allow the suspension of the existing 2018 and 2020 countermeasures against the U.S. to expire on April 1. Second, the commission is proposing a new package of countermeasures on goods coming from the U.S. that will go into effect in mid-April, covering some $28 billion in imports in total. President of the European Commission Ursula von der Leyen said Europe...
  • Trump’s Economic Messaging Is Spooking Some of His Own Advisers

    03/12/2025 4:04:24 AM PDT · by karpov · 37 replies
    Wall Street Journal ^ | March 11, 2025 | Brian Schwartz, Gavin Bade and Josh Dawsey
    President Trump’s stop-and-start trade policy and uneven economic messaging have rattled some of his own allies, triggering a flood of calls from business executives, concerns from Republican lawmakers and tension in the White House. Senior officials, including White House chief of staff Susie Wiles, have received panicked calls from chief executives and lobbyists, who have urged the administration to calm jittery markets by outlining a more predictable tariff agenda, according to people familiar with the discussions. Many in the business community have abandoned efforts to get the president to reverse course on trade, instead pleading with the White House for...
  • The EU retaliates against Trump’s trade moves and slaps tariffs on produce from Republican states

    03/12/2025 4:02:04 AM PDT · by Oldeconomybuyer · 39 replies
    The Associated Press ^ | March 12, 2025 | BY LORNE COOK AND DAVID MCHUGH
    BRUSSELS (AP) — The European Union on Wednesday announced retaliatory trade action with new duties on U.S. industrial and farm products, responding within hours to the Trump administration’s increase in tariffs on all steel and aluminum imports to 25%. The EU measures will cover goods from the United States worth some 26 billion euros ($28 billion), and not just steel and aluminum products, but also textiles, home appliances and agricultural goods. Motorcycles, bourbon, peanut butter and jeans will be hit, as they were during President Donald Trump’s first term. The EU duties aim for pressure points in the U.S. while...
  • Donald Trump rejects Australia's bid for exemption from steel and aluminium tariffs

    03/12/2025 1:42:29 AM PDT · by BlackVeil · 24 replies
    Australian Broadcasting Corporation ^ | 12 March 2025 | Carrington Clarke and Tom Crowle
    Australia will not be granted an exemption from US tariffs on aluminium and steel imports, the White House says. US President Donald Trump had previously said he would consider excluding Australia from the 25 per cent tariffs, which take effect on Wednesday. But White House spokeswoman Karoline Leavitt has now told the ABC: "He considered it, and considered against it. There will be no exemptions." Asked why, Ms Leavitt said: "America First steel." "If they want to be exempted, they should consider moving steel manufacturing here," she said. Prime Minister Anthony Albanese described the decision as "entirely unjustified"....
  • Canada backs down from 25% electricity surcharge after Trump threats

    03/11/2025 12:48:57 PM PDT · by Vendome · 42 replies
    NBCNEWS ^ | 3/11/2025 | Rob Wile
    Ontario Premier Doug Ford said he had agreed to suspend a 25% surcharge on electricity imports into the U.S. after conversing with U.S. Commerce Secretary Howard Lutnick in the wake of President Donald Trump's threats to hike steel and aluminum tariffs on the nation by 50%. In a statement issued with Lutnick and posted on X, Ford said he and Lutnick would now be meeting Thursday alongside the United States Trade Representative to discuss a renewal of the U.S.-Mexico-Canada free trade act ahead of Trump's self-imposed April 2 "reciprocal tariff deadline." "In response, Ontario agreed to suspend its 25 per...
  • Trump Hits Canada With 50 Percent Steel and Aluminum Tariffs, Warns of More to Come

    03/11/2025 11:47:34 AM PDT · by SoConPubbie · 21 replies
    Breitbart ^ | 11 Mar 2025 | john Carney
    President Donald Trump is ratcheting up pressure on Canada, announcing late Monday that he will double tariffs on Canadian steel and aluminum to 50 percent, citing Ontario’s move to levy a tax on U.S. electricity exports.“This will go into effect TOMORROW MORNING, March 12th,” Trump declared in a Truth Social post, emphasizing the urgency of the measure. The hike comes just hours before an already-planned 25 percent tariff was set to take effect at midnight, marking yet another sharp shift in U.S.-Canada trade relations under Trump’s second term.The president’s move underscores his determination to confront what he sees as Canada’s...
  • Canada, Europe bemoan the very tariffs they levy, advantages they give their own industries

    03/11/2025 8:34:11 AM PDT · by MtnClimber · 17 replies
    American Thinker ^ | 11 Mar, 2025 | Eric Utter
    Canada and Europe, to the U.S.: “How dare you do to us what we did to you long ago! What gives you the right to do to us what we're doing to you now?!” Canada and several European nations (as well as other nations, such as China) have long placed tariffs on American goods, and/or subsidized their businesses and industries placing them at a distinct advantage over their American counterparts. Yet they, almost without exception, go ballistic when the U.S. reciprocates. This seems exceedingly odd, hypocritical-- and outright ungrateful-- as the United States essentially rebuilt much of Europe after the...
  • Trump raises Canadian steel, aluminum tariffs to 50% in retaliation for Ontario energy duties

    03/11/2025 7:20:59 AM PDT · by cmj328 · 147 replies
    CNBC ^ | Mar 11 2025 10:09 AM EDT | Kevin Breuninger
    President Donald Trump said Tuesday he has ordered his administration to raise tariffs on Canadian steel and aluminum imports by an additional 25%, bringing the total duties to 50%. Trump said he was imposing the latest tariffs in response to a decision by Ontario’s government to slap a 25% tax on electricity exports to the U.S. That move by Ontario Premier Doug Ford was itself issued in retaliation to the sweeping 25% tariffs that Trump had placed on imports from Canada. This is breaking news. Please refresh for updates.
  • Rand Paul: ‘When the markets tumble like this in response to tariffs, it pays to listen’

    03/11/2025 7:02:01 AM PDT · by ChicagoConservative27 · 109 replies
    The Hill ^ | 03/11/2025 | Lauren Irwin -
    Sen. Rand Paul (R-Ky.), who has long been considered one of the Senate’s budget hawks, recently gave advice that when the stock market tumbles, “it pays to listen.” “The stock market is comprised of millions of people who are simultaneously trading. The market indexes are a distillation of sentiment,” Paul posted Monday on social platform X. “When the markets tumble like this in response to tariffs, it pays to listen.” His remarks come as markets began to dip after President Trump declined to rule out the U.S. economy from sliding into a recession. The Dow Jones Industrial Average lost 890...
  • Ontario Slaps 25% Tax Increase on Electricity Exports to US in Response to Trump's Trade War

    03/10/2025 2:09:24 PM PDT · by SeekAndFind · 61 replies
    Ontario’s premier, the leader of Canada’s most populous province, is now charging 25% more for electricity shipped to 1.5 million American homes and businesses in response to U.S. President Donald Trump’s tariff plan. Ontario's premier, the leader of Canada’s most populous province, announced that effective Monday it is charging 25% more for electricity to 1.5 million American homes and businesses in response to U.S. President Donald Trump's trade war. Ontario provides electricity to Minnesota, New York and Michigan. I will not hesitate to increase this charge. If the United States escalates, I will not hesitate to shut the electricity off...
  • Trump Responds to Chinese dominance in the shipping and ship building industry. America First

    03/10/2025 11:24:59 AM PDT · by HamiltonJay · 14 replies
    Uncommon Analysis ^ | 3/10/2025 | Uncommon Analysis
    China went from controlling less than 5% of the global ship building market in 1999 to more than 50% today, while pushing its direct ownership of the commercial world fleet to nearly 20%. They did so by largely unfair and illegal actions. Trump administration has proposed serious penalties to not only Chinese built ships that dock in US ports, but also, penalties to any company docking a ship at US ports that has a Chinese built ship in their fleet. Trump administrations policy of America First, is far far more than simply tariffs.
  • Canada slaps electricity tariffs on New York, Minnesota, Michigan

    03/10/2025 9:57:55 AM PDT · by ChicagoConservative27 · 54 replies
    The Hill ^ | 03.10.2025 | Tobias Burns
    The government of Ontario is applying a 25 percent surcharge starting Monday on electricity exports to three U.S. states in response to U.S. tariffs on Canada. This surcharge will affect electricity sales for 1.5 million homes and businesses across Michigan, Minnesota and New York, the Ontario government said. In total, it could cost up to $400,000 per day. New market rules are going into place requiring Canadian electricity sellers to add a $10 per megawatt-hour surcharge, equivalent to a quarter of the electricity’s average value, to the cost of power for sales to the U.S., according to a statement from...