The Fed May Cut if Trump Raises Tariffs
Fed does not consider tariffs to be inflationary A question we often get asked is how the Federal Reserve is likely to react to President-elect Donald Trump's tariffs. Simply put, The Fed is likely to ignore them. Critics of tariffs argue that: Raising tariffs on imports would cause inflation, slow U.S. growth, and even push […]
SCOTT BESSENT: Let’s talk tariffs. It’s time to revitalize Alexander Hamilton’s favorite tool
newYou can now listen to Fox News articles. For months, economic commentators have been parroting the Harris campaign's misleading argument that the tariffs are a “sales tax.” This view, like the conventional wisdom of many economists, is fundamentally wrong. Reflexive opposition to tariffs is not considered economic ideology, but represents political ideology and advocacy. The […]
‘Rocket fuel for the economy’: Why Trump’s plan to raise tariffs and abolish income tax is brilliant
In Donald Trump's explosive interview on “The Joe Rogan Experience,” the president-elect floated the idea of not only raising tariffs but also eliminating income taxes. meanwhile glenn beck President Trump, who has historically opposed heavy tariffs, may have used that explanation to persuade the host of “The Glenn Beck Program.” “I've always been against tariffs, […]
Biden to meet with China’s Xi at Peru summit — ahead of Trump tariffs and COVID reparations push
WASHINGTON — Outgoing President Biden will be speaking on the sidelines of the APEC summit in Peru this week as President-elect Donald Trump threatens to impose new tariffs on Chinese goods and force Asian countries to pay “reparations.” He is scheduled to have a final meeting with Chinese President Xi Jinping. In preparation for the […]
Trump Win Crashes China’s Markets, Exports Soar as Factories Scramble to Beat Tariffs
Chinese markets fell on Friday amid disappointment with Beijing's disappointing economic stimulus package and worries that President-elect Donald Trump will reinstate high tariffs on Chinese exports. Factories in China are reportedly ramping up production to get goods into the supply chain ahead of President Trump's inauguration. Chinese investors are Looking forward to it Trump's victory […]
GAVIN WAX: Trump’s Tariffs Will Make America Great Again
Elections have consequences, and those consequences are dire for the free-market dogmatists of the Republican Party. The tariff debate is over. President Donald Trump won, but it wasn't even close. Americans overwhelmingly support efforts to punish countries like China for their unfair trade practices. Even President Joe Biden, who blatantly misrepresented President Trump's economic performance, […]
Trump tariffs could send US toy prices soaring more than 50%: trade group
If President-elect Donald Trump changes policy, toy makers could be forced to significantly raise prices by up to 56%. Price proposal Regulations on foreign-made products are report From the National Retail Federation. A $50 tricycle can now cost up to $78, according to a report released this week by a U.S. industry group. Under the […]
Trump’s tariffs would drive up consumer prices: National Retail Federation
FOX Business correspondent Jerry Willis analyzes retail sales on “The Big Money Show.” Matthew Shea, CEO of the National Retail Federation (NRF), said shoppers would expect to see higher prices on a variety of products if President-elect Donald Trump's proposed U.S. import tariffs go into effect. warned that they may face “Imposing flat tariffs on […]
Bernie Moreno: Tariffs are ‘not going anywhere’
Bernie Moreno, the Republican businessman who defeated incumbent Ohio Sen. Sherrod Brown (D), pointed to President-elect Trump's promise to boost the U.S. economy through tariffs. “They're not going anywhere,” Moreno said on Fox News Wednesday. “We're going to introduce a tax system that punishes companies that take our jobs overseas, and a tax system that […]
‘The Five’ analyzes how Trump would use tariffs
‘The Five’ co-hosts analyze former President Trump’s tariff plan and how he defended it during an economic conference. source