The 70-year global progress toward freer trade is permanently reversed so long as the Republicans hold the White House. That’s the message of the non-deal trade deal just announced between the U.S. and China. It’s a deal that reduces no existing tariffs and offers only symbolic changes in other terms that were already on the…
Audrey Conklin President Donald Trump said he reached “phase one” of a tentative U.S.-China trade deal after meeting with Chinese Vice Premier Liu He Friday. The announcement comes amid a 15-month-long trade war involving back-and-forth tariffs, blacklists and threats to and from both countries as the administration attempts to hold China accountable for its trade tactics. The president told reporters in the Oval…
Audrey Conklin – As the 2020 presidential election approaches, experts told the Daily Caller News Foundation that no one is emerging in the U.S.-China trade war as a clear winner. – U.S. companies are moving production out of China as Chinese unemployment rates waver, according to The Wall Street Journal, but some experts said that…
Audrey Conklin 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. An second 15% tariff on $156 billion worth of Chinese smartphones, laptops, toys, video games, among other things, will be implemented on Dec. 15, according to WSJ. “Tariffs…
Chris White China announced Friday it would impose a 25% tariff on all U.S. automobiles after President Donald Trump called himself ‘the chosen one’ to deal with the communist nation. Tariffs of 5 percent to 10 percent will be imposed on American goods in two batches, with the first taking effect in September and the…
“In the last few weeks,” writes Tyler Cowen, “I’ve seen a lot of evidence that a new political era truly is upon us.” Specifically, he refers to the stunning upsets against left social democrats around the world, along with the rise of what is being called the New Right. The New Right is not generally about dismantling…
Past comments from Donald Trump indicate his threats and initiation of tariffs are part of a long term strategy to reduce restrictions from trading partners. In the below tweet, for instance, he also implies equal tariffs between countries is “fair”. Taking for granted that Trump’s actual purpose with tariffs is to force other countries to…
By Max Gulker America’s trade war has entered its second year, with a resolution between the U.S. and Chinese governments looking further away than ever. A bilateral freeze in tariff hikes in December brought some hope that the already costly conflict would not continue to snowball. The 2018 tariffs imposed by President Trump on imports…
On Sunday, President Trump took to Twitter to announce that he would more than double tariffs on $200 billion worth of Chinese goods. Indeed, he may introduce further tariffs beyond that. This is the latest shot in a trade war with China. On Monday, the president explained the underlying logic for this on Twitter. The…
By Ryan Pickrell President-elect Donald Trump and China are attempting to write the rule book on trade for each other, putting the two nations on a collision course. Trump demanded China “play by the rules” Thursday night as he announced his pick for the ambassador to China in Des Moines, Iowa. China, in turn, warned of…