Hegseth fires back after China flexes war readiness over tariff hike: ‘We’re prepared’
Defense Secretary Pete Hegses responded to China's claims that “types of war” are ready following President Donald Trump's 10% tariff increase. Lin Jiang, spokesman for China's Ministry of Foreign Affairs, on Tuesday I responded In Trump's move, he argues that “the fentanyl issue is a flimsy excuse to raise our tariffs on Chinese imports.” “My […]
Automakers get 1-month Trump tariff exemption: White House
President Donald Trump has granted Stellantis, Ford and General Motors a month's tariff exemption, the White House said Wednesday. US automakers complying with the US-Mexico-Canada Agreement (USMCA) have received a month's exemption from Trump administration's tariffs that came into effect Monday, White House spokesman Carolyn Leavitt announced Wednesday. “We spoke to the Big Three automaker,” […]
Stellantis, Ford, General Motors get 1-month Trump tariff exemption: White House
Sen. Markwayne Mullin of R-Okla responds to several Democrats who plan to boycott President Donald Trump's speech to Congress on the “final line.” The “Big 3” automaker has received a month's exemption from Trump administration's tariffs that came into effect Monday, White House spokesman Caroline Leavitt announced Wednesday. “We spoke to the Big Three automaker,” […]
Trump says Trudeau ‘trying to use’ tariff fight ‘to stay in power’
President Trump said Canadian Prime Minister Justin Trudeau was trying to use an escalating trade war as a way to stay in power after two leaders spoke about Trump's newly implemented tariffs on Wednesday. “Justin Trudeau of Canada called me to ask what he could do about the tariffs. I told him that a lot […]
Goldman Sachs highlights tariff wars winners and losers
First Trust Advisors LP Chief Economist Brian Wesbury will discuss whether Trump's tariffs will affect Varney & Co's inflation. president Donald Trump's Newly implemented tariffs and additional tariffs under consideration disrupt trade relations and industries rush to respond to the higher costs brought by import taxes. Trump's tariffs are enforced on products from Canada, Mexico […]
Tariff Exemptions Possible for Mexico, Canada, Says Commerce Secretary
President Donald Trump is scheduled to announce drastic changes to tariffs imposed on Mexico and Canada on Wednesday, Commerce Secretary Howard Luttonick said. The administration may exempt certain items from 25% tariffs from certain items, including vehicles that meet US Mexico and Canada Agreement (USMCA) standards. In an interview with Bloomberg TV, Lutnick said President […]
Defense Secretary Pete Hegseth says US is ‘prepared’ to go to war with China over tariff threats
Defense Secretary Pete Hegses declared early Wednesday that he was “ready” for a war with China just hours after the US surprised the threat from Beijing in response to President Trump's harsh new tariffs. “We're ready,” Heggs said on Fox News' Fox and Friends, “the kind of war” and “there are ready to fight.” “Those […]
Autoworkers union cheers Trump's 'aggressive' tariff actions
The United Autoworkers (UAW) union said it supported President Trump's tariffs on Tuesday and provided full support for “aggressive” actions attempting to change past trade agreements with neighboring countries. “Taxes are a powerful tool in the toolbox to cancel fraud in anti-worker trade transactions,” the union wrote: Tuesday's statement. On Tuesday, the Trump administration imposed […]
President Trump’s tariff timeline: What to know
President Trump's first months in office have been filled with drastic economic policies that overturn the norms of international trade agreements with countries including China, Mexico and Canada. Tariffs from neighboring allies were imposed on Tuesday, prompting each Trump counterpart to introduce mutual measures in the form of a global domino effect. Here is the […]
Ontario premier hopeful tariff fight will end in days
Ontario Prime Minister Doug Ford said he hopes the tariff battle between the US and Canada will end within days. “I hope it will stop within the next few days…and I'm not just saying that,” Ford told News Nation's Blake Berman on “Hill” Tuesday. “It's an absolute disaster for both countries, people will be unemployed, […]