Keyword: tariffs
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The Trump administration says electronics like smartphones and laptops will be excluded from ‘reciprocal’ tariffs, a move that could help keep prices down for popular consumer electronics that aren’t usually made in the U.S. The announcement on Friday would also benefit big tech companies like Apple and Samsung. The U.S. Customs and Border Protection said items like smartphones, laptops, machines used to make semiconductors and flat-panel monitors would be exempt.
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TJ Semanchin is the co-owner of Wonderstate Coffee, a Wisconsin-based coffee roaster. Donald Trump's 10% blanket tariffs mean Semanchin's company will have to make some hard decisions. Wonderstate typically imports 40,000 pounds of coffee in one transaction. This as-told-to essay is based on a conversation with 51-year-old TJ Semanchin, the co-owner of Wonderstate Coffee. Business Insider has confirmed Semanchin's identity and role at the company. The piece has been edited for length and clarity. I've been in the coffee business for the last 25 years. Before that, I was living in Latin America studying issues around sustainable development in coffee...
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...President Donald Trump’s reciprocal tariffs have left Chinese Communists scrambling, markets in chaos, and Democrats feeling more isolated, irrelevant, and bent on revenge than ever before. The Left is so desperate to make sure President Trump’s tariffs don’t give U.S. workers more money that they’ve sunken into downright illegal actions to try to sabotage his agenda.... ...Obviously, the Democrats’ actions are completely illegal. The Constitution says states cannot opt out of trade agreements negotiated by the federal government. Article I, Section 8, Clause 3 vests Congress with the power “To regulate Commerce with foreign Nations....
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The guidance that was issued also excludes flash drives and memory cards from the new tariffs President Trump exempted phones, computers and chips from his new tariffs on Friday. The guidance that was issued also excludes flash drives and memory cards. Trump has imposed 145% tariffs on imports from China. He paused further tariff actions on other countries in favor of a 10% baseline tariff.
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The guidance also includes exclusions for other electronic devices and components, including semiconductors, solar cells, flat panel TV displays, flash drives, memory cards and solid-state drives used for storing data.
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MSNBC host Nicolle Wallace said Friday on “Deadline” that there was “nothing more emasculating” than the tariffs being implemented by President Donald Trump. Wallace said, “So, Mitch, I spent nine months having to learn about the power of the manosphere and seeing Donald Trump sit with all sorts of podcasters and bloggers, and people younger and hipper than me ha?ving to explain to me who they are and why they matter. And gosh darn if he wasn’t right. Right? They mattered a lot.”
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An extra fee is showing up on more shopping bills lately, and it carries a not-so-subtle message: These tariffs weren’t our idea. From bathroom-fixture makers to toy shops, companies are starting to tack tariff surcharges onto invoices as a separate line item. Some are a $5 flat fee, while others represent as much as 40% of the subtotal. The tactic is a way to pass on at least some tariff costs to consumers—especially on Chinese-made goods, with levies totaling 145% since January—while passing the buck to President Trump. “We think transparency is the way to go here, and I am...
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Former Treasury Secretary Janet Yellen claimed Friday on CNN’s “Anderson Cooper 360” that President Donald Trump’s tariffs are doing “immense damage to our economy.” Yellen said, “This is the worst self-inflicted policy wound I’ve ever seen in my career inflicted on our economy. The Trump tariff plans are doing immense damage to our economy. You can see that in the stock market, in the impact of these tariffs are expected to have on American households. And we’re even beginning to see what looks like a flight away from dollar-based assets in the financial markets, which is a really scary development.”...
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Shrimpers along the Gulf Coast say they need more help from the federal government with cheap shrimp imports from countries like Ecuador, India, Indonesia, and Vietnam driving down local demand. With reciprocal tariffs on imports from those countries on hold for 90 days, shrimpers are left wondering if they will get a lifeline they say they desperately need. Some shrimp farmers are ready to push for measures like capping imports at 25%. Rodney Olander with the Louisiana Shrimp Task Force has been coasting the gulf coast waters for shrimp for more than 40 years. Shrimp season is just a month...
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Big Horn Mountain Farms in Buffalo was voted Wyoming’s best-tasting beef at last year’s annual Rendezvous City Beef Roundup in Riverton. But if that farm wanted to sell some of its tasty, free-range, 100% organic, wagyu beef to Australia’s luxury, high-end market, it can’t get there from here. That’s not because of any outright ban on American beef. Instead, it’s a convoluted set of biosecurity rules that are keeping American beef away from the Australian market. Australia only accepts U.S. beef if it can be proven that the beef was sourced from cattle born, raised and slaughtered in the United...
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Democrats insist that Congress investigate President Donald Trump's administration over its actions just before announcing a 90-day reprieve on his so-called retaliatory tariffs this week. Trump on Wednesday announced that every country except China would receive a 90-day delay on the tariffs, with a 10% baseline on countries subject to the pause. This was a reversal from top aides who had claimed there would be no negotiations. China faced a tariff of 125% from the United States before the White House announced on Thursday that the rate was 145%. The 90-day pause announcement led to a stock market surge, with...
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“Shark Tank” investor Kevin O’Leary argued during a recent interview that President Trump’s tariffs against China are necessary because the U.S. has to train Beijing “like a puppy” to not “steal” intellectual property. “It’s not just trade tariffs. It’s you cheating and stealing. We’re tired of it, and you’ve got to stop. They actually don’t care that they steal IP [intellectual property] — they don’t. They think it’s OK,” O’Leary said during a Friday morning appearance on CNN. “It’s almost … the analogy is like a puppy when you’re training it. You stick the nose in the poo poo, and...
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In private discussions hours before China announced new retaliatory tariffs, the Trump administration warned Chinese officials against such a move, according to a source familiar with the discussions. The Chinese were also told – once again – that Chinese President Xi Jinping should request a call with US President Donald Trump. Instead, US officials woke up to news of increased Chinese tariffs and no request for a leader level call. Xi also made comments that only dug him in further. “For over 70 years, China’s development has relied on self-reliance and hard work — never on handouts from others, and...
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The Democrats’ once-vociferous endorsement of high tariffs on foreign countries has evaporated. Fizzled. Gone kaput. The reason: President Donald Trump’s recent imposition of tariffs, and particularly high tariffs on China, something Trump has advocated for years. Yet if Trump is for it, Democrats must oppose it, even if opposing it makes no sense. Thus did White House spokesman Karoline Leavitt read back Representative Nancy Pelosi’s pro-tariff tirade of 1996, while others pulled up quotes from Democratic Senate Minority Leader Chuck Schumer of New York and socialist Bernie Sanders of Vermont. Tariff TussleTrump is taking heat for imposing tariffs on Mexico,...
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Kentucky businessman and potential Senate Republican candidate Nate Morris on Breitbart News Saturday said that President Donald Trump’s use of reciprocal tariffs are “leveling the playing field for the American worker.” Morris could run for the U.S. Senate to replace the outgoing Sen. Mitch McConnell (R-KY), who will not run for reelection. He spoke to Breitbart News Saturday host Matthew Boyle as Trump has unleashed reciprocal tariffs to fight for better trade deals with nations across the world that have higher tariffs and other barriers to trade for American goods. Morris said he believes that this trade strategy will ultimately...
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What’s lost in all the doomcasting is that Americans — particularly Democrats — are behind Trump’s goal to achieve truly free trade deals.Fueled by fear, nearly three-quarters of Americans surveyed believed President Donald Trump’s tariffs would hurt the U.S. economy in the short-term, according to a Quinnipiac University poll released Wednesday. The sentiment check dropped as the Trump administration announced a 90-day pause on his reciprocal tariffs, with the exception of serial free-trade abuser China. Instantaneously, the battered markets surged. Trump said he paused his sweeping reciprocal tariffs on the many nations who have long screwed the U.S. consumer because...
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1. The headlines from the past couple of weeks have been Trump's war on tariffs and the "reciprocal" tariffs strategy he has come up with. Yes, I'm over simplifying what he's doing; I simply want to frame a couple of simple questions. First, does anyone know where I can find a schedule, chart, and/or website that details the tariffs that residents in foreign countries ACTUALLY pay for American goods they purchase? Example, Trump is imposing tariffs of 46% and 49% on Vietnamese and Cambodian goods imported into the U.S. while the people of those countries do not pay tariffs that...
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President Trump is wielding tariffs to try to close the massive U.S. trade deficit in goods, which he sees as a sign of economic weakness. It is only part of the trade story. While the U.S. buys more goods from abroad than it sells, the opposite is true for services, which include everything from streaming subscriptions to financial advice. Trump left these service exports out of his tariff math, but they are being pulled into his trade wars. On Wednesday, Trump ratcheted up the U.S. trade war with China, but put broader tariffs above 10% on most other countries on...
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Stanford University Hoover Institution fellow Victor Davis Hanson recommends everyone “take a deep breath” when it comes to all the talk about tariffs. Appearing this week as a guest on Sirius XM’s “The Megyn Kelly Show,” the author and podcast host made several important points for Americans to consider as many in the media and Wall Street pundits predict calamity for the economy due to President Donald Trump’s trade policies. “There is a lot of misinformation,” Hanson said, first pointing out that many who are critical of Trump are only criticizing him because he is “Trump.” “Donald Trump did everything...
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Some thoughts on a climbdown for the ages. The reaction was widespread relief in America and the world. Americans want their country to be the world’s growth engine but not, as a former Reagan administration official put it, through policies “that risk the collapse of the global financial system.” Donald Trump scared people he hadn’t scared before. He didn’t use to scare his policy allies—small-business people, workers, retirees. He did this week. Fear dampens reflexive support. Politicians need reflexive support from the bottom of their base as a platform from which to move. The president weakened his position. It is...
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