Free Republic

@PressSec reacts to Amazon's announcement on tariffs: "This is a hostile and political act by Amazon... It's not a surprise because, as Reuters recently wrote, Amazon has partnered with a Chinese propaganda arm... This is another reason Americans should buy American."

WALMART'S CEO has reportedly issued a stark warning to US leaders over unavoidable price changes and empty shelves. Doug McMillon and other retail executives admitted that supermarkets will see overhaul changes in just two weeks. ...Tea, avocados, sneakers, home furniture, bananas, video games, clothes, toys, and foreign-made cars are all expected to become much more expensive under Trump's trade plan. In a disturbing comment, billionaire Mark Cuban warned that companies may start charging more even if a product isn't affected. "Even if it's made in the USA, they will jack up the price and blame it on tariffs,"

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...

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...

President Donald Trump threatened to slap a new 250% reciprocal tariff on Canadian lumber and dairy products, perhaps as soon as Friday, one day after pausing a 25% tariff on other Canadian goods.Trump made the comments to reporters in the Oval Office on Friday, citing Canada’s 250% tariffs on U.S. dairy exports to the north.“Canada has been ripping us off for years on lumber and on dairy products,” Trump told reporters. “They will be met with the exact same tariff unless they drop it. That’s what reciprocal means.”“We may do it as early as today, or we’ll wait until Monday...

Being a tariff man may come with some consequences for the US economy. That's the warning from former Trump communications director and Skybridge Capital founder Anthony Scaramucci. "I don't think this sort of blanket approach is the right way to do it, and I think he's [Trump] is going to put us into a recession, frankly," Scaramucci told me at the Bitcoin Investor Week conference. "Remember tariffs are a tax, and they're primarily a consumer tax," Scaramucci added. It's "a consumption tax, sort of like a VAT [value-added tax]. And that’s a regressive tax. So what ends up happening is...

"The tariffs are going forward on time, on schedule. This is an abuse that took place for many, many years. And I'm not even blaming the other countries that did this. I blame our leadership for allowing it to happen." https://x.com/i/status/1894122123343577590

Benny Johnson @bennyjohnson 🚨BREAKING: President Trump officially announces 25% tariffs on both Mexico and Canada. From Aaron Rupar 3:26 PM · Jan 30, 2025

Donald Trump has an aggressive plan to spur economic growth, reduce the federal budget deficit, ease inflation, and lift up everyday Americans who have struggled during the Biden-Harris administration. Mr. Trump’s plan, which he outlined Sept. 5 at the Economic Club of New York, includes keeping the 2017 tax cuts in place permanently, reducing costly regulations, cutting government spending, and making smart use of tariffs to restore American manufacturing. Donald Trump has an aggressive plan to spur economic growth, reduce the federal budget deficit, ease inflation, and lift up everyday Americans who have struggled during the Biden-Harris administration. Mr. Trump’s...

CNN)US Treasury Secretary Janet Yellen on Wednesday criticized the Trump administration's tariffs on China and voiced support for lifting some of the levies, in part to ease very high inflation pressuring the US economy. "Some of the tariffs that were imposed by President Trump in retaliation for China's unfair trade practices, some of them, to me, seem as though they imposed more harm on consumers and businesses," Yellen said during a press conference in Germany ahead of a G7 summit with finance ministers.

Some people claim that Trump only recently arrived at most of these viewpoints, so I'd like to discuss Trump's history with each of these issues (sorry for the length but I think these important topics deserve to be delved into). I was told yesterday that Trump is a liberal Democrat. Trump’s political registration records since 1987 are public and available online. During this period, Trump has been a registered Republican for more than twice as long as he was a registered Democrat. If people would bother to read his books, look at the full-page ads he took out on policy...