The U.S. imposed a 15% tariff Sunday on Chinese imports valued at $111 billion in 2018 including tools, apparel, footwear and electronics, The Wall Street Journal reported.
Read MoreTrump on Tariffs: ‘We Don’t Want to Be Servants to the Chinese!’
Tag: tariff
Commentary: From Currency Manipulation to Intellectual Theft and More, Always Remember China Cheats
by Rick Manning China cheats. All of those who get worked up over negligible increases in U.S. tariffs on Chinese made goods, please remember this basic fact – China cheats. China manipulates their currency by artificially pegging it well below the dollar, and devaluing it further to offset tariff…
Read MoreUS-China Trade Dispute Triggering Production Exodus
by Joyce Huang U.S. tech giant Apple has reportedly asked its major suppliers, mainly China-based manufacturers from Taiwan, to consider moving 15 to 30% of their production outside of China to avoid higher tariffs imposed on U.S.-bound exports. The production migration, which analysts say is already ongoing,will hurt the…
Read MoreHuawei Founder Says Revenue Will Be Billions Below Forecast
Huawei’s founder said Monday that the Chinese telecom giant’s revenue will be $30 billion less than forecast over the next two years, as he compared the company to a “badly damaged plane” in the face of U.S. government actions against it. “We never thought that the U.S.’s determination to…
Read MoreIndia Hikes Tariffs on U.S. Goods Amid Deepening Trade Friction
India has hiked tariffs on 28 goods imported from the United States as a trade spat between the two countries intensifies. The retaliatory move came days after Washington removed New Delhi from a list of countries that have preferential access to its market. “India has put its cards on…
Read MoreUS Treasury Chief: Trump ‘Perfectly Happy’ to Tax More Chinese Imports
Treasury chief Steven Mnuchin said Sunday that President Donald Trump would be “perfectly happy” to tax more imports from China if the U.S. leader cannot reach a trade deal with Chinese President Xi Jinping when they meet later this month. “We made enormous progress, I think we had a…
Read MoreExperts: Tariffs in the Offing for India as President Trump Wages War on ‘Unfair Trade’
by Michael Bastach The Trump administration’s decision to rescind trade preferences with India could be a sign that more tariffs are on the horizon, experts say. U.S. trade officials announced Friday the end of special trade treatment on $6 billion worth of goods from India because the country has “not assured…
Read MoreImmigration Talks Already Underway as Mexico Rushes to Stave Off Tariff Threat
by Jason Hopkins Top Mexican government officials are in the United States as they attempt to dissuade the Trump administration from following though on tariff threats. A high-level delegation of Mexican officials, including Foreign Minister Marcelo Ebrard and Economy Minister Graciela Marquez, held a press conference in Washington, D.C., on Monday.…
Read MoreTrump: US to Impose Higher Tariffs on Chinese Exports
President Trump, looking to pressure China to speed up talks on a new trade agreement, says that starting Friday he will impose sharply higher tariffs on billions of dollars of Chinese exports to the United States. Trump said Sunday on Twitter, “For 10 months, China has been paying Tariffs…
Read MoreAmerican Farmers Support Trump Despite Tariffs
by Tim Pearce American farmers are sticking behind President Donald Trump despite a trade agenda that makes selling produce to foreign countries more difficult and less profitable, Bloomberg reported. The United States’s ongoing trade war with China is a primary concern for U.S. farmers that sell crops, especially soybeans, overseas. While Trump’s view…
Read MoreChina’s Economy Isn’t What It’s Cracked Up to Be
by Gabriella Beaumont-Smith China is a rising economic power that will threaten the United States’ place as the world’s biggest economy. At least, that’s the narrative we’ve become familiar with. But does it really hold up? Economists use gross domestic product to measure the size and growth of national…
Read MoreAnalysis: President Trump Uses the Power of Tariffs to Correct Unfair Chinese Trade Imbalances
President Donald Trump is levying 10 percent tariffs on $200 billion of Chinese goods shipped to the U.S., rising to 25 percent in Jan. 2019, coming atop a 25 percent tariff on $50 billion of goods from China. Trump has warned if China retaliates, another $267 billion of tariffs will follow. On…
Read MoreUS Solar Projects Surging After Trump Tariffs
by Jason Hopkins Despite apocalyptic warnings from trade experts, the U.S. solar industry has experienced rapid growth since President Donald Trump enacted tariffs on foreign-made solar panels. When Trump fist announced in January that his administration would impose levies on solar panel imports, leaders in the industry predicted doom…
Read MoreCommentary: President Trump’s Pro-American Worker Push Makes Labor Day a Time to Celebrate
by Jeffery Rendall Perhaps it’s fitting heading into Labor Day weekend that we should talk about jobs – not necessarily how many Americans have them versus those that don’t and are still searching, but how conditions are improving in the employment market and who’s reaping the benefits. First came…
Read MoreChina Scrambles To Blunt The Force Of Trump’s Tariffs With Over $100 Billion Injection
by Hannah Bogorowski China’s central bank announced late Sunday that it is planning to unleash nearly 700 billion yuan ($107.5 billion) into the financial system by cutting the amount of cash some banks must hold as reserves by 50 basis points. The People’s Bank of China (PBOC) said on…
Read MoreKudlow: Canadian Prime Minister Trudeau Betrayed Us, ‘Stabbed Us In The Back’
by Robert Donachie White House economic adviser Larry Kudlow said Sunday that Canadian Prime Minister Justin Trudeau “stabbed” the U.S. “in the back” when he announced his nation will impose retaliatory tariffs against America. President Donald Trump, Trudeau and other leaders of the G7 nations — Britain, Canada, Japan, Italy and…
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