Trump tariffs lead to soaring tensions, risks for US, China
Economic tensions between the US and China have skyrocketed after President Trump retaliated on Wednesday by raising tariffs on Chinese goods to 125% and tariffs on US exports to 84%. Trump suspended his “mutual” tariffs in dozens of other countries on Wednesday, but he struck China more harder and strengthened the economic battle between the […]
The Forgotten Economic Theory Behind Trump’s Tariffs
Best Tariffs: Ideas Behind Trump's Trade Strategy For decades, American elites have spoken about free trade as if that were the case. Moral commandments engraved on stones– Unstable, sacred, eternal. They say tariffs are relics of the past. Economic heresy. Automated roads to higher prices, reduced production, and global retaliation. What they don't tell you […]
Apple, Porsche rushing to beat Trump tariffs, get goods to US: report
Apple and Porsche were among several major companies reportedly scrambled to send goods to the US to stockpile inventory ahead of Trump's “liberation day” tariff deployment. Mutual tariffs on Trump's trading partners (including 26% of India and 20% of EU members) came into effect on Wednesday, turning the course back hours later, announcing a 90-day […]
China curbing Hollywood film imports in latest retaliation against Trump’s tariffs
China on Thursday said President Trump would soon restrict Hollywood movie imports in retaliation for escalating US tariffs on imported Chinese products, targeting one of the most well-known American exports. Industry analysts said the financial impact is likely to be minimal as Hollywood's box office revenue in China has declined significantly in recent years. Three […]
GOP Will Ditch Trump ‘Like Rats Off a Sinking Ship’ if Tariffs Continue
Sen. Adam Schiff (D-CA) argued Thursday about the “deadline” for MSNBC if President Donald Trump continues to impose tariffs and Republicans “throw him off a wreck like a rat.” Host Nicole Wallace said, “I mean, the other thing that happened is the sharp drop in the approval ratings of Donald Trump. He is 41% overall […]
Trump threatens tariffs, sanctions on Mexico for robbing Texas farmers of water
President Donald Trump has threatened to impose tariffs and possibly sanctions against Mexico if he continues to steal the South Texas farmers of Rio Grande Water, which were promised under the treaty decades ago. In a post on True Society on Thursday, Trump declared that Mexico owes 1.3 million acre feet of Texas water under […]
Almost 3 in 4 expect higher prices after Trump tariffs take effect: Survey
The majority of Americans said in a new survey they are hoping for a higher price for President Trump, the global tariff president that came into full force on Wednesday. In a three-day opinion poll conducted by Reuters/Ipsos Last weekend, 73% of Americans said prices will rise over the next six months for “items you […]
Trump’s auto tariffs could be boon for rental car companies
Fox Business's Madison Alworth explains how car rental companies have the opportunity to benefit financially from the automotive industry tariffs imposed by the Trump administration. President Donald Trump's recently announced car rates could benefit rental car companies. Hertz jumped over 20% on Thursday with another car rental company Avis posted a double-digit increase on the […]
Trump speaks with Canada’s new PM Mark Carney ahead of 25% tariffs — nixing ‘governor’ taunt he applied to Trudeau
WASHINGTON – President Trump spoke on Friday at Canada's new PM, calling the leader “prime minister” and dropped the “governor” moniker he applied to for predecessor Justin Trudeau as the US prepares to slap 25% tariffs on Canadian imports. “I've just finished talking with Canadian Prime Minister Mark Kearney.” Trump wrote A true society. Canadian […]
Trump’s Auto Tariffs: A Shocking $4,711 Price Hike on Your Next Vehicle, Warns Economist!
Notable economist Arthur Laffer cautions in a recent report that the 25% tariff, which President Trump advocates for on imported foreign-made vehicles, could significantly increase sticker prices, jeopardizing the US automotive sector. According to Laffer, Associated Press created a 21-page analysis that determined that automakers would fare better if Trump adheres to the policies for […]