Who will pay for Trump’s tariffs? You will, America.
Former President Trump has argued that he can make foreign companies and their governments pay taxes levied by the United States. Customs Duties Regarding products exported to the United States This idea is absurd. If tariffs worked this way, governments around the world would reduce taxes on their own citizens and impose tariffs on foreigners. […]
Trump Tax Cuts, Tariffs Will Rebuild American Industry, Strengthen Dollar
John Carney, economics editor at Breitbart News, told Fox Business Network's “Kudlow” on Wednesday that former President Donald Trump's proposed tariffs and tax cuts would rebuild U.S. industry and strengthen the dollar globally. “What Donald Trump is saying is that the United States has built an economic system where we basically pay companies to move […]
Trump says tariffs will help fuel 'manufacturing boom'
Former President Trump told Georgia voters on Tuesday he would use tariffs to create a “manufacturing boom” if he wins the presidential election in November, rejecting criticism from economists and Democrats that his plan would fuel inflation. President Trump delivered what he called an economic address in Savannah, Georgia, home to one of the nation's […]
Mark Cuban rips Trump threat to hit John Deere with massive tariffs: 'Insane'
Billionaire Mark Cuban on Monday night slammed former President Donald Trump, the Republican presidential nominee, for recent threats he made about John Deere and tariffs. Earlier in the day, President Trump warned John Deere that he would impose heavy tariffs on its products if it outsourced any part of its manufacturing to Mexico. “I noticed […]
U.S. Senators Warn of China Using Mexico to Bypass Tariffs
U.S. senators from both parties have warned that China could use Mexico to avoid tariffs through international trade deals and have called on the government to impose tariffs on those imports to protect local industries. In a letter to US President Joe Biden, Senators Marco Rubio (R-FL), Sherrod Brown (D-OH), Mike Braun (R-IN) and Bob […]
Rubio leads call to reimpose Trump steel tariffs on Mexico
A bipartisan group of senators is urging President Biden to reinstate tariffs on Mexican steel to prevent China from gaining backdoor access to the U.S. market. In a letter led by Sen. Marco Rubio (R-Fla.), the lawmakers urge President Biden to impose a 25% tariff on all steel imports from Mexico after a 2019 deal […]
Majority of Voters Favor Trump’s Plan for Higher Tariffs
A majority of registered voters say they are likely to support a presidential candidate who supports former President Donald Trump's proposed U.S. tariffs on all foreign imports, according to a new poll. Reuters/Ipsos vote Fifty-six percent of voters are more likely to support a candidate who supports imposing a 10% tariff on all imports and […]
If Trump’s Tariffs Are a Tax on Americans, Then So Are Biden’s
During the “Overtime” segment of HBO's “Real Time” on Friday, host Bill Maher said he believes tariffs are ultimately something Americans will pay for, but he also argued that means the tariffs imposed by President Joe Biden are a bad idea. Former Sen. Al Franken (D-Minn.) said the idea that former President Donald Trump, a […]
Biden Admin Boosts Trump’s China Tariffs Despite Attacks from Kamala
President Joe Biden's U.S. Trade Representative, Katherine Tai, announced an increase in tariffs on China originally imposed by former President Donald Trump. The tariff hikes come as Vice President Kamala Harris denounces the use of tariffs during her presidential campaign. “The tariff increases finalized today target the harmful policies and practices of the People's Republic […]
When Trump Imposed Tariffs, There Was Low Inflation
Republican vice presidential nominee Sen. J.D. Vance of Ohio said on CNBC's “Squawk Box” on Thursday that then-President Donald Trump did not cause inflation when he imposed tariffs. Vance said, “One of the classic examples that economists use to attack Donald Trump's economic policies is the tariffs that he put on washing machines and other […]