When a Republican president who purports to be a conservative is aligned on economic policy with an anti-capitalist labor boss and the leading socialist voice in Congress, there’s trouble ahead for America. But there Donald Trump is, being cheered on for his tariffs by UAW President Shawn Fain and Vermont Sen. Bernie Sanders. “Tariffs are … Read More
The United Auto Workers, or UAW, representing thousands of American auto workers, has thrown itself behind U.S. President Donald Trump’s tariffs against Canada and Mexico. “We are glad to see an American president take aggressive action on ending the free trade disaster that has dropped like a bomb on the working class,” the union said recently. It’s … Read More
“We didn’t put the United States as the first priority. Now we need to put United States as the first and foremost priority,” said Lee, chairman of the trade association that represents Taiwan’s biggest manufacturing players. Taiwan companies, master craftsmen of the world’s electronics, have sprung to the vanguard of shifting manufacturing to the US. … Read More
Tariffs might seem like a complicated topic best left to economists, but they have a real impact on the lives of everyday Americans. Tariffs also play a key role in protecting American jobs. If an industry can’t compete with cheap imports, it’s not just the companies that suffer – entire communities feel the impact. Factory … Read More
Countries with trade imbalances, including Japan, Ukraine, and South Africa, are pursuing long-term deals to buy American liquefied natural gas, hoping to avoid U.S. tariffs or secure political goodwill. U.S. gas investments are surging, with major companies considering projects such as a $44 billion Alaska pipeline and an Abu Dhabi-backed expansion in production. Read the … Read More
In contrast to Canada, Mexican President Claudia Sheinbaum has been much less public with her appeals to Trump on the tariffs, and much quieter about the possible retaliation. Mexico still has yet to lay out how it will retaliate to the initial round of tariffs Trump imposed over concerns about fentanyl entering the country, or … Read More
The European Union was probably mistaken in targeting American whiskey in its riposte to U.S. tariffs, French Prime Minister Francois Bayrou said on Sunday, calling for talks to avoid more damaging duties on France’s cognac industry. U.S. President Donald Trump on Thursday threatened to impose a 200% tariff on all wines and other alcoholic products … Read More
Vice President JD Vance defended President Trump’s tariff approach on Friday, saying the US government needs to “fight back” against countries like China who use “literal slaves” in their factories to make cheap goods. The VP, an Ohio native, noted his rural American background as he spoke at a plastics factory in Michigan, speaking to … Read More
“When a country pours over a trillion dollars in state subsidies to lower the cost of production and manipulates its currency to lower the price of its goods, as China has for years, the system will break. “If we fail to recognise what has brought us to this current moment in history, we will have … Read More
“I can already feel the push for protective tariffs to keep out foreign products competing with domestic production. I’m very, very wary of something like that because I find that Australia has done well by having very low trade barriers. So that’s why I think maintaining competitiveness is important, and I would strongly caution against … Read More
