Unlike Trump, Biden’s China Tariffs Only Hit Areas ‘Where We Import Very Little from China’
During Friday’s broadcast of MSNBC’s “The Last Word,” Jared Bernstein, chairman of the White House Council of Economic Advisers, said that the tariffs on China announced by President Joe Biden differ from the approach taken by former President and 2024 Republican presidential nominee Donald Trump because Biden’s tariffs would only apply to sectors that “are […]
China targets Europe’s farmers in response to EU tariffs on electric cars
Beijing has launched an investigation into EU pork imports, targeting European farmers rather than German carmakers, just days after the EU announced plans to impose provisional tariffs on Chinese-made electric cars. The Commerce Department didn’t mention EV tariffs when it announced Monday it was opening an anti-dumping investigation into European pork, but the move is […]
White House says Trump’s tariffs will destroy manufacturing, exacerbate inflation
First appeared on FOX: The White House has criticized Republican lawmakers for their support of “MAGAnomics” and former President Donald Trump’s “overall tariff” plans, which the White House argues will raise prices for families and exacerbate inflation. In a memo to “allies and stakeholders” on Friday, White House deputy press secretary Andrew Bates blasted Republicans […]
Trump floated replacing income tax with tariffs: GOP Rep Thomas Massie
Former President Donald Trump on Thursday floated the idea of repealing the income tax and replacing it with tariffs as the government’s main source of revenue, according to Republican lawmakers. The proposal was made as Trump, 77, the presumptive Republican presidential nominee, held a jokey “pep talk” with Republican lawmakers on Capitol Hill for his […]
Trump Floats Putting Tariffs on Countries Refusing to Take Back Illegals
Former President Donald Trump has proposed a policy that would impose U.S. tariffs on foreign countries that refuse to accept their citizens who are in the U.S. illegally and have been ordered deported. Trump said at a town hall event in Phoenix, Arizona, on Thursday that he would impose tariffs on foreign countries that don’t […]
U.S. Tariffs on China Help Rescue American Textile Companies from Ruin
The tariffs that the U.S. imposed on Chinese imports helped rescue a stranded textile industry in the U.S. that had been devastated by decades of free trade, along with mass layoffs of domestic textile workers. Joseph Ferrara, CEO of Ferrara Manufacturing, said tariffs on Chinese imports have helped revive his New York City, N.Y.-based manufacturing […]
Musk Opposes Tariffs on Chinese EVs
Elon Musk, CEO of Tesla, an EV company with deep ties to Communist China, spoke out against the recently announced 100% tariffs on Chinese-made electric vehicles at the VivaTech conference this week. CNBC Reports Elon Musk clarified that neither he nor his company, Tesla, asked for the tariffs imposed by the Chinese Communist Party. “I […]
Tesla CEO Elon Musk opposes tariffs on Chinese EVs
In an interview with Barney & Company, Diana Ferchtgott Ross, an economist at the Heritage Foundation, argued that Biden’s tariffs on Chinese-made EVs don’t go far enough to protect the domestic auto industry. Tesla CEO Elon Musk said Thursday he opposes government tax incentives for electric vehicle (EV) purchases and tariffs on Chinese-made EVs or […]
Why Biden’s China tariffs could hurt his climate agenda
President Biden is seeking to demonstrate his pro-manufacturing and anti-China credentials in a rematch with former President Donald Trump, but his broader climate change agenda could come at a cost. Last week, Biden raised tariffs on electric vehicles, solar panels and battery technology, all important tools in the fight against global warming with significant ties […]
What do Biden’s tariffs mean for the energy transition?
“What Biden has done is emphasize that he prefers protectionism over decarbonizing the economy,” Robert Lawrence, director of the Trade Policy Program at Harvard’s Kennedy School, told The Hill. . Among the new initiatives announced this week: china battery export It will probably be one of the most destructive single tariffs of the new tranche. […]