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President Donald Trump's tough stance on China is already producing results, and the evidence suggests that Chairman Xi Jinping will have no choice but to back down. China's economy, long propped up by unfair trade practices, is starting to crumble under the weight of Trump's strategic 145% tariffs on Chinese imports.Protests from furious factory workers in China demanding back pay are spreading across the country after President Trump’s tariffs on Chinese imports began impacting the communist nation’s economy.Unrest has been reported across the country as workers have taken to the streets protesting unpaid wages and challenging unfair dismissals following the...

Treasury Secretary Scott Bessent and U.S. trade representative Jamieson Greer will meet with their Chinese counterparts in Switzerland this weekend to discuss economic and trade matters, their offices announced Tuesday.“We have shared interests,” Bessent said later on Fox News’ “Ingraham Angle.” The current tariff war “isn’t sustainable,” said Bessent, “especially on the Chinese side. And, you know, 145 percent [tariffs], 125 percent, is the equivalent of an embargo. We don’t want to decouple, what we want is fair trade.”Bessent and Greer will meet with their Chinese counterparts on both Saturday and Sunday, the Treasury secretary said.

When Americans were experiencing inflation and shortages during the Biden presidency, there was an internet meme going around that juxtaposed a paltry egg with the iconic 2019 image of a grinning Donald Trump, welcoming the national championship–winning Clemson Tigers to the White House, spreading his arms to display a massive bounty of burgers piled in front of him. The underlying message behind that joke became a central part of the 2024 campaign: Under Trump, Americans had plenty; under Biden-Harris, they had less. Yet bizarrely, the man who for decades has been a symbol of unapologetic American excess is now defending...

The average annual wage in America is $63,000 while the average annual wage in India is just $2,500—the average American earns 25x more than the average Indian. Labor is often the largest input cost for making products, accounting for approximately 30 - 35% of the cost of American manufacturing—and it’s an even higher proportion in many service industries. If America and India traded freely, India’s low wages would undercut America’s labor market—either Americans will need to accept lower wages domestically, or the factories will relocate to India to take advantage of dirt-cheap labor. How do we know this will happen?...

U.S. companies are starting to put hard-dollar figures to the damage President Donald Trump's tariffs will do to their bottom lines as trade policy evolves and the economy shows signs of weakening heading into the summer. Ford Motor (F) pulled its full-year profit guidance late Monday, after its solid first-quarter earnings were likely flattered as customers bought ahead of the expected tariffs. Ford said the administration's levies would likely add around $2.5 billion to its overall cost base The hit to earnings, Ford said, would likely be around $1.5 billion, as some of the parts and semiconductors it needs for...

said Monday on CNN’s “The Source” that President Donald Trump’s tariffs hurt consumers who want cheap goods. Pence said, “I do have concerns, that with the president’s call for broad based tariffs against friend and foe alike that ultimately the administration is advancing policies that are not targeted at countries that have been abusing our trade relationship, but rather are essentially new industrial policy that will result in inflation, that will harm consumers and ultimately harm the American economy.”

President Trump appeared to acknowledge Wednesday that toy shortages are possible as his tariff hikes ripple through the economy. The CEOs of Walmart, Target and Home Depot privately warned him last week about the likelihood of product shortages and price spikes. "Somebody said, 'oh, the shelves are gonna be open,'" Trump told reporters Wednesday. "Well, maybe the children will have two dolls instead of 30 dolls, and maybe the two dolls will cost a couple of bucks more."

India was under pressure by both sides, the USA and China. Part of the Trump Indo-pacific plan was a geopolitical trade strategy aligning the United States with India. However, Beijing was pressuring India to reject alignment with the USA and form a mutually beneficial trade block with China.India has rejected the Chinese plan and chosen to follow the USA model because access to the U.S. consumer base is the stronger economic influence.The result? Once again, sad Panda.INDIA – India has sided with the United States (US) President Donald Trump on the trade war with Xi Jinping of China. Reports indicate...

Beijing is considering ways to address the Trump administration's concerns about China's role in the fentanyl trade, potentially providing an off-ramp from hostilities to allow trade talks to start, the Wall Street Journal reported on Friday. The paper cited unnamed people familiar with the matter as saying that Chinese Minister for Public Security Wang Xiaohong had been inquiring in recent days about what the Trump team wants China to do when it comes to the chemical ingredients used to make the potent drug fentanyl. The report said part of Beijing’s thinking involved dispatching Wang to the U.S. to meet with...

As President Trump brings manufacturing back to the US — and closes in on trade deals with India, Japan, and South Korea — China’s days as “the world’s factory floor” are numbered. And Beijing is furious. In a move harking back to the Cultural Revolution, Chinese schoolchildren are again being taught to hate the US. Class time is devoted to shouting anti-American slogans like “China must win the China-US trade war!” ... But it turns out that — in secret — Beijing has been quietly retreating as fast as it can. Trump divulged in a Time magazine interview on April...

Donald J. Trump @realDonaldTrump The Movie Industry in America is DYING a very fast death. Other Countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. Hollywood, and many other areas within the U.S.A., are being devastated. This is a concerted effort by other Nations and, therefore, a National Security threat. It is, in addition to everything else, messaging and propaganda! Therefore, I am authorizing the Department of Commerce, and the United States Trade Representative, to immediately begin the process of instituting a 100% Tariff on any and all Movies coming into...

President Donald Trump announced on Sunday a 100% tariff on movies produced outside of the United States, saying the US movie industry was dying a “very fast death” due to the incentives that other countries were offering to draw American filmmakers. “This is a concerted effort by other Nations and, therefore, a National Security threat. It is, in addition to everything else, messaging and propaganda,” Trump said in a post on Truth Social. Trump said he was authorizing the relevant US government agencies such as the Department of Commerce to immediately begin the process of imposing a 100% tariff on...

In a move that could shake up the entertainment industry, President Trump says he’s directed his administration to put a “100% tariff” on any movies coming into the U.S. that were not produced in this country. He posted on his Truth Social platform on Sunday that he’s authorized the Department of Commerce and the United States Trade Representative to institute the tariff. “The Movie Industry in America is DYING a very fast death,” he wrote. “Other Countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. Hollywood, and many other areas within...

Data unveiled early Wednesday morning showed US GDP fell -0.3% annualized in Q1, missing expectations for a 0.4% rise—and playing right into widespread fears.[i] Most headlines cast this “weak” report as a sign of what lies ahead as tariffs’ teeth really start to bite. But slow down. While there are clear signs of tariffs’ effects here, there are also mitigating factors and underlying health in these data worth acknowledging. First, let us get this out of the way: Tariffs did affect this report in all likelihood, but probably in ways that mask underlying health. The former was easy to see...

Just moments into President Donald Trump's latest sitdown at Mar-a-Lago with NBC News' "Meet the Press," Trump was forced to rebuke bias by host Kristen Welker's line of questioning, even if the interview ultimately featured Welker changing her tone and even smiling and adopting Trump's messaging."Whoa, whoa, whoa, this is such a dishonest interview already," Trump told Welker in a wide-ranging interview to mark his administration's 100 days milestone this week, blasting her for cherry-picking data points to tarnish his work in contrast to massive Biden-era inflation – by suggesting using tariffs to leverage a reworking a global trade order...

Sunday on ABC’s “This Week,” former Gov. Chris Christie (R-NJ) said President Donald Trump’s tariffs caused the world to see the United States as an “unreliable partner.” Host George Stephanopoulos said, “I think you identified the tariffs as the number one issue. Liberation Day is probably the most consequential day of the first 100 days. Is there an exit strategy for Donald Trump on this? He asked, “Can he make this sort of series of deals that limit the damage?”

President Donald Trump said Sunday on NBC’s “Meet the Press” that the tariffs would make the United States a rich nation. Trump said, “The tariffs are going to make us rich. We’ll be a very rich country.” Host Kristen Welker said, “At your cabinet meeting, you said, ‘Maybe the children will have two dolls instead of 30 dolls, and maybe the two dolls would cost a couple of bucks more than you would normally.’ Are you saying that the tariffs will cause some prices to go up?” Trump said, “No, I think the tariffs will be great for us because...

Think about it. We’ve already heard about the massive stoppages of April factory work in China, causing serious concern for Beijing and Chinese worker protests.American importers front loaded inventory in February and March with a 50% increase in orders. Now, in addition to those factories going quiet, the de minimis rule kicks in.(Via CNBC) – Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday.In recent days, Temu has abruptly shifted its website and app to only display listings for products shipped from U.S.-based warehouses. Items shipped...

China may be warming to the possibility of holding talks with the U.S. on tariffs, following a statement from the Chinese Commerce Ministry on Friday.“The U.S. has recently taken the initiative on many occasions to convey information to China through relevant parties, saying it hopes to talk with China,” the ministry statement translated by Reuters said, adding that Beijing was “evaluating this.”What observers are calling a “shift in tone” may present an off ramp for the world’s two largest economies to avoid an ongoing trade war that has impacted markets worldwide.However, the ministry also warned that “attempting to use talks...

Today, Mercedes-Benz announced it will move production of another vehicle to the U.S. — the latest result of President Donald J. Trump’s relentless pursuit of American manufacturing dominance.The automaker will produce the vehicle at its Tuscaloosa, Alabama, plant following signals earlier this year that the company will make additional investment in its U.S.-based operations.Mercedes isn’t the only automaker onshoring production as President Trump incentivizes making things in America again:BMW is considering adding shifts to boost production at its South Carolina plant.Honda plans to shift production of the Civic from Japan to the U.S.Hyundai announced a $20 billion investment — including...