Neel Kashkari: Fast resolution with countries over tariffs will ease recession fear
Federal Reserve Bank of Minneapolis President Neil Kashkari said a swift resolution between the Trump administration and the country with tariffs would help ease the fear of the recession. Kashkari joined CBS News’ “Face the Nation” on Sunday and was asked about the possible increase in the recession after the administration slapped “mutual” tariffs of […]
Khanna believes manufacturing 'isn’t going to come here' due to Trump's tariffs
Rep. Ro Khanna (D-Calif.) believes manufacturing will not “come” to the United States despite the Trump administration placing tariffs on the country. Kanna, a representative of Silicon Valley, joined CBS News’ Face the Nation on Sunday, where he said he didn’t think technology production would come to the US and instead would go to a […]
Trump: Semiconductor tariffs coming, but ‘You have to show a certain flexibility’
President Trump said on Sunday that there may be exceptions to certain products, but that he will announce tariffs on semiconductors on Sunday. “The tariffs will be placed in the not-too-far future. You know, we did with steel, we did with aluminum, which is now fully on, we would do it with semiconductors, chips and […]
The Forgotten Economics Behind Trump’s Tariffs, Part II
Trump’s best tariff strategy is working The textbook warned us. They said that if the country attempts to impose tariffs, other countries will retaliate. A trade war breaks out. Prices will rise, trade will collapse, and everyone will lose. But something strange happened. Donald Trump has imposed tariffs and the world has been adjusted. There […]
Lawsuit from small businesses argues Trump admin doesn’t have authority to issue tariffs
The president’s authority issuing full tariffs through lawsuits from groups of five small businesses. President Donald Trump issued a 10% tariff on all imports and higher tariffs in several countries during the “liberation date” ceremony on April 2nd. Since then, he has cancelled many of the mutual tariffs while increasing Chinese tariffs. “The trade deficit […]
Most believe Trump tariffs benefit wealthy, corporations: Poll
Most Americans in the new poll say that wealthy and large corporations benefit most from President Trump’s tariffs on a variety of import and trade policies. In the latest CBS News/YouGov opinion released on Sunday, 74% of respondents said Trump’s tariffs and trade policies would benefit the wealthy, while 71% said they would benefit the […]
US begins inquiry into pharmaceutical and chip imports in bid to impose tariffs | Trump administration
The Trump administration has launched an investigation into drug and semiconductor imports as part of its bid to impose tariffs on both sectors for national security reasons, a notice posted Monday showed. The submission, scheduled to be published on Wednesday, marks the 21-day deadline from that date for submission of public comments on the issue, […]
Chinese Port Traffic Slows as Tariffs Take Effect
Saturday Radio Free Asia (RFA) Quote Reports from Chinese exporters and port officials said traffic is visibly slowing in China’s metropolitan cities in Shanghai and Guangdong, but some factories production is effectively “stop.” The RFA saw considerable visual evidence for backing up these accounts of crushing Chinese Titanic exporters, including warehouses packed with stacks of […]
China's Xi on Trump's tariffs: 'Protectionism will lead nowhere'
Chinese national president Xi Jinping took on the ongoing tariff battle as he traveled to Southeast Asia this week to build a partnership with Chinese communist Vietnam. “Trade and tariff wars will not produce winners, and protectionism will lead to anywhere,” XI I wrote it in a signed letter It was published by Chinese and […]
GOP senator on Trump tariffs: 'What’s the endgame here?'
Sen. Ron Johnson (R-Wis.) said on Sunday he was questioning Trump’s “endgame” in Trump’s tariffs, saying that ongoing “volatility” is not good for businesses. “One of the things I’ve learned in the private sector is that unpredictability can work very well in negotiations, but the private sector – businesses want certainty. They want stability. They […]