Commentary: The Trump Tariffs Could Help Prevent Another Great Depression by Talking Currency with China

Donald Trump, Xi Jinping

by Robert Romano   A long-standing bit of conventional wisdom holds that the Great Depression, which began in 1929, was worsened and made global by tariffs in the Smoot-Hawley tariff act of 1930, and that it was not until the 1934 Reciprocal Trade Act that recovery was possible. But this…

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Trump Threatens New China Tariffs If Xi Doesn’t Talk Trade with Him

Donald Trump, Xi Jinping

  U.S. President Donald Trump threatened Monday to impose tariffs on another $325 billion worth of imported goods from China if Chinese President Xi Jinping does not engage in new trade talks with him later this month. Trump told CNBC he expects to meet with Xi in Osaka, Japan at…

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Commentary: President Trump’s Deal with Mexico on Illegal Immigration Proof That Tariffs Work

by Robert Romano   President Donald Trump and the State Department hammered out a deal with Mexico on June 7 that Mexico would do much more to prevent illegal immigrants from crossing the country into the U.S. on the southern border. The last-minute agreement avoided a 5 percent tariff by…

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Vietnam Says Some Chinese Exporters Are Using Fake ‘Made-In-Vietnam’ Labels To Avoid US Tariffs

by Shelby Talcott   Some Chinese exporters are putting fake “Made in Vietnam” stickers to try to avoid U.S. tariffs, Vietnam alleged Sunday. Vietnam said in a government statement that it found dozens of cases where Chinese exports, including textiles, iron, steel, and aluminum, are being illegally transferred to Vietnam where fake stickers…

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Mexico Claims Funding for Migrant Caravans Came from Some Accounts in U.S.

  The Mexican government recently claimed that some funding for the “illicit support of migrant caravans” came from individuals within the United States. In a June 6 press release, Mexico’s Finance and Tax Secretariat announced that it has “blocked the bank accounts of various individuals and corporations that allegedly participated…

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With Mexico Deal Done, US Urges China to Resume Trade Talks

  One down, still others to go. President Donald Trump claimed a victory after Washington and Mexico agreed on measures to stem the flow of Central American migrants into the United States. Trump called off plans to impose a 5% tax on Mexican exports, and Treasury Secretary Steven Mnuchin, speaking…

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Commentary: Trump Shows Value of Tariffs as Foreign Policy Tool

by Christopher Roach   The great American foreign policy debate began with the two parties’ divide over Vietnam. Until the Vietnam War, Republicans and Democrats more or less held to a consensus on the value of containment. After the war, Republicans favored unilateralism, a strong military, and clear-sighted pursuit of…

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GOP Divided on Trump’s Mexico Tariff Threat

by Jason Hopkins   Republicans in the House and Senate appear divided in their reaction to President Donald Trump’s threats to slap Mexico with incremental tariffs. “There is not much support in my conference for tariffs, that’s for sure,” Senate Majority Leader Mitch McConnell said Tuesday after a closed-door lunch…

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Top US, Mexican Officials Meet on Tariffs, Migrant Surge

  Top U.S. and Mexican officials are meeting Wednesday in Washington about President Donald Trump’s threatened 5% tariff on imported products from Mexico if it does not curb the surge of Central American migrants heading north toward the United States. With Trump in Europe for 75th-anniversary commemorations of D-Day, Vice…

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