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,…
The Guardian view on Donald Trump’s tariffs: protectionism is no longer taboo in politics
Although both administrations (Biden and Trump) faced criticism for driving up costs through tariffs and industrial policy, global events were primarily behind rising prices. Trade involves sacrifices to achieve gains….
Trump tariff on China could lower global inflation, says UK economist
Swati Dhingra, an external member of the Bank’s rate-setting monetary policy committee, said Trump imposing a threatened 60% tariff on goods from China sold in the US could lead Chinese…
The Persistence of Populism: Why American Protectionism toward China is Here to Stay
Under President Biden, the trade war with China not only persisted but intensified. Key figures within his administration, such as US Trade Representative Katherine Tai, framed US-China relations in terms…
Walmart Raises Outlook on Strong Spending From Value-Seekers
Walmart boosted its outlook for the year on a solid start to the holiday season and strong demand from US consumers searching for value. Walmart shoppers spent more in each…