Free Republic

I am pleased to announce that the United States of America has agreed to a Full and Complete Trade Deal with the Republic of Korea. The Deal is that South Korea will give to the United States $350 Billion Dollars for Investments owned and controlled by the United States, and selected by myself, as President. Additionally, South Korea will purchase $100 Billion Dollars of LNG, or other Energy products and, further, South Korea has agreed to invest a large sum of money for their Investment purposes. This sum will be announced within the next two weeks when the President of...

President Donald Trump said on Wednesday the United States will impose a 25% tariff on goods imported from India starting on Aug. 1. He said India, which has the world's fifth largest economy, will also face an unspecified penalty on Aug. 1, but did not elaborate on the amount or what it was for. "While India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country," Trump wrote in...

US president Donald Trump on Wednesday announced that India will have to pay 25 per cent tariff from August 1. Trump also said that India will have to pay an additional penalty for buying energy and arms from Russia. The 25% tariff rate announced for India is 1% less than the 26% declared by Trump in his April 2 'Liberation Day' conference. "Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious...

No economy rises or falls for just one reason, even a shock as big as Donald Trump’s trade policy, says Ruchir Sharma for the Financial Times.At the beginning of the year, the world was in striking agreement on one point: If Donald Trump went ahead with tariffs, it would strengthen the dollar and trigger stagflation. Chief executives, investors and commentators all said the same. Economists estimated that every percentage point increase in the tariff rate would shave 0.1 per cent off US growth and add 0.1 per cent to inflation. But so far, the consequences have been far less disruptive...

As President Donald Trump enters the final days before his global trade deadline, tariff revenues have climbed to a record $150 billion so far this year. The U.S. collected nearly $28 billion in customs duties in July, the highest monthly total so far this year, according to the Treasury Department’s "Customs and Certain Excise Taxes" data. The July figures, based on data through July 25, have already surpassed June’s monthly record of $27 billion. In January, tariff revenues hovered around $7.9 billion and more than doubled in April to $16.3 billion. The revelation comes as Trump enters the final week...

Donald Trump’s administration has denied permission for Taiwan’s President Lai Ching-te to stop in New York en route to Central America, after China raised objections with Washington about the visit. Lai planned to transit the US in August en route to Paraguay, Guatemala and Belize, which recognise Taiwan as a country. But the US told Lai he could not visit New York on the way, according to three people familiar with the decision. ***** The White House’s decision will deepen concerns among Taiwan’s supporters in Washington that Trump is taking a softer stance on China as he pushes to hold...

President Donald Trump's tariffs, scheduled to increase on August 1, could result in significantly higher prices for a range of food groups. This is according to an analysis published Monday by the bipartisan Tax Foundation, which found that these will impact nearly 75 percent of U.S. food imports, which it said will "likely lead to higher food prices for consumers." Newsweek reached out to the White House via email for comment. Why It Matters It has repeatedly been warned that the higher import taxes implemented as a result of the Trump administration's economic agenda will increase costs for U.S. businesses...

The president’s vision for reshaping global trade is falling into place, but he is embarking on an experiment that economists say could still produce damaging results.Over the last six months, the United States has left behind the global trade order that persisted for decades in favor of something drastically different and largely untested. Formidable economies like the European Union and Japan have abruptly made peace with higher tariffs on their exports, acquiescing to President Trump’s demands in order to avoid damaging trade wars and to coax even steeper U.S. duties down just a little bit. As major economies fall in...

WASHINGTON/TAIPEI, July 28 (Reuters) - Taiwan's President Lai Ching-te is set to delay a diplomatically sensitive trip his team had floated to the Trump administration for August that would have included stops in the United States, according to three people familiar with the matter. Such a trip was bound to infuriate Beijing at a time when U.S. President Donald Trump is trying to negotiate a deal on trade with China. China claims democratically governed Taiwan as its own territory, a claim Taiwan rejects, and regularly denounces any shows of support for Taipei from Washington. The trip, which could have included...

Liberal comedian Bill Maher admitted that he was wrong about President Donald Trump on tariffs in a podcast posted Monday, and he’s "got to own it" because the economy is thriving. Maher made the admission on his "Club Random" podcast as he explained that he’s always truthful with his audience during a conversation with progressive YouTube host Brian Tyler Cohen. "Just to take an example, tariffs. Now I remember that I, along with probably most people, was saying at the beginning, ‘Oh, you know, by the 4th of July… the economy was going to be tanked by then,’ and I...

Former Russian President Dmitry Medvedev said on Monday that a framework trade agreement struck between the European Union and the United States was “anti-Russian” likening it to a de facto ban on buying Russian oil and gas. The U.S. struck the deal with the EU on Sunday, imposing a 15% import tariff on most EU goods. Ursula von der Leyen, president of the European Commission, said in a statement afterwards that the agreement would help the bloc fully phase out Russian fossil fuels in favour of American alternatives. “Purchases of U.S. energy products will diversify our sources of supply and...

On today's Morning Joe, the panelists expressed the fond desire, cloaked in analysis, that prices would eventually rise—to Trump's detriment. MSNBC's Ali Vitali nudged Franklin Foer of The Atlantic to echo the show's prevailing sentiment: "We've yet to see the true tangible impact of tariffs in some of these economic reports that we look at. But analysts do say it's coming. And this is a guy who loves to say promises made, promises kept. On this, it doesn't necessarily sound like he's going to be able to, right?Love Vitali's concluding "right?" to Foer. C'mon Franklin. Tell me prices will go...

President Donald Trump on Monday reduced to less than two weeks his deadline for Russian President Vladimir Putin to either reach a peace deal with Ukraine or face massive "secondary tariffs" on Moscow's trade partners. Trump previously gave Putin a 50-day deadline, which was set to expire in early September. But he signaled Monday that things were taking too long, saying "I'm going to make a new deadline of about ...10 or 12 days from today." "I'm disappointed in President Putin," Trump said in Scotland alongside British Prime Minister Keir Starmer. "Russia and Ukraine — I would have said five...

SUMMARY: * The United States and European Union have reached a trade deal which will see a blanket tariff of 15% on all EU goods imported to the US. * President Trump says the EU has promised hundreds of billions of dollars of investment and energy purchases. * Trump and President of the European Commission Ursula von der Leyen met for talks in Scotland on Sunday - she has called the agreement a "huge deal" * The new deal is set to kick in on Friday, and means the Europe will avoid threatened import charges of 30% A trade deal...

Okay, this is a very big win. EU Commission President Ursula von der Leyen outlines some more details of the U.S-EU trade agreement. The parameters fall similar to the Japanese deal, without the banking aspect. The EU will face (and accept) a 15% tariff rate for most exports to the USA including autos, that’s huge, even with some zero-for-zero tariff sectors outlined. The primary motivating factor was to avoid the 35% tariff rate scheduled for August 1st and provide the EU corporations with certainty in their tariff rate as applied by the USA (15%). WATCH:This is almost full acquiescence to...

EU will purchase $750 Billion of US Energy EU wil invest $600 Billion in US EU Countries now open to Trade with US, no Tariffs -more as details emerge. This is huge! Trump says “biggest deal of them all!”

Treasury Secretary Scott Bessent went on Mornings with Maria on the Fox Business Channel to tout the stimulating effect Trump's economic policies are having on business investment, saying "the tariff is bringing back manufacturing to the US and the tax reforms in the One Big, Beautiful Bill are encouraging businesses to invest more. By allowing businesses to fully deduct costs for improved facilities and machinery rather than requiring them to be amortized over a longer period efficiency and productivity can be implemented more quickly. The way that countries get rich is through long-term investments that improve productivity." "Another important step...

The Japanese essentially did not want to face a 25% tariff on automobiles exported to the USA. At the same time, they did not want to permit full USA access to several sectors of their market. The solution is quite remarkable.Japan agrees to be the bank, to essentially finance any national security priority of President Trump to the tune of $55o billion. In return, Japan gets a 15% tariff on automobiles, and 10% return on the profit of the ¹business they finance in the U.S. Japan is essentially purchasing a lower tariff rate.PRESIDENT TRUMP – “We just completed a massive...

The U.S. steel industry is back under President Donald J. Trump. After languishing under a Biden-era stranglehold — plagued by unfair foreign competition, job losses, and weakened national security as imports flooded the market and domestic production stalled — the steel industry is quickly roaring back to life.U.S. steelmakers are proving that strong leadership and protective tariffs are the keys to revitalizing American manufacturing.Ohio-based Cleveland-Cliffs announced record steel shipments in Q2 2025. CEO Lourenco Goncalves: “Cliffs is a major supplier of steel to the automotive manufacturers, and the Trump Administration continues to show strong support to both the domestic steel...

We just completed a massive Deal with Japan, perhaps the largest Deal ever made. Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits. This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it. Perhaps most importantly, Japan will open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things. Japan will pay Reciprocal Tariffs to the United States of 15%. This is a very exciting time for the United States of America, and especially for...