Trump tariffs would cut deficits but hike consumer prices, CBO says
The Congressional Budget Office estimates sky-high tariffs promised by President-elect Trump might improve the nation’s fiscal outlook — but at the cost of higher inflation and slower economic growth than…
Potential Trump tariffs, like many things in life, are not all good or bad
Almost nothing is all good or all bad, yet we often feel a need to cast things as one or the other. This is lazy thinking. Tariffs might have potential…
Biden admin to hike tariffs on Chinese products in self-contradictory protectionist move after calling Trump’s tariff approach ‘a major mistake’
The Biden administration on Wednesday announced to increase tariffs on certain Chinese products, including solar cells and tungsten products. The rates for solar wafers and polysilicon will increase to 50…
Liberty Steel Closures Highlight Urgent Need To Address Mexico’s Violations And Steel Import Surge
The Coalition for a Prosperous America (CPA) today released a statement highlighting the harm caused by Mexico’s ongoing, blatant violation of the 2019 joint steel agreement. Earlier this month, Liberty…
Grant Cardone: Here’s Why I Believe Trump’s Tariffs Will Help the US Economy
Cardone believes that rules of supply and demand will counteract the possible price hikes that could come from tariffs. “At the end of the day, supply and demand is controlled…
U.S. Military ‘Can’t Compete With China’; Would Lack Defense Industrial Goods After Month Of War
The takeaway from the roughly 90 minute hearing titled “Rebuilding the Arsenal of Democracy” was that the government needed long term contracts and more money to build up defense systems…
Mexico Kicks Off Operation to End Flow of Illegal Chinese Items
Mexico is planning to carry out a “cleaning” operation across the country to combat the flow of illegal merchandise entering the country mainly from China, according to the Economy Ministry….
Trump’s proposed China tariffs draw support from some lawmakers on both sides of the aisle
Some lawmakers, like outgoing Sen. Sherrod Brown, D-Ohio, have long said such tariffs were necessary to compete with Chinese-made products. The Chinese government has been known to skirt international trade…
ECB’s Lagarde Urges Europe to Negotiate, Not Retaliate on Trade
“We seem to err more on what I would call a checkbook strategy,” she told the Financial Times in an interview published Thursday, highlighting that last time the EU’s strategy…
G20 Displays No Resolve to Resist US Protectionism or China
President Xi has no right to pretend that his country is the flag bearer of free trade. China has distorted the free trade system through preferential treatment for state-owned enterprises,…