“I don’t blame the foreign countries. They’re doing what is best for them. The stupidity is that we’ve let ourselves get into this box of extremely low [tariff] rates. We gave it away unilaterally,” Ross said.
The vast majority of Americans say it is more important for the United States to have a strong manufacturing base than to have an exorbitant amount of cheap, foreign products.
President Trump is expected to unveil a massive “package of tariffs” against China in the coming weeks, multiple sources close to the White House told Politico.
Cohn is attempting to organize a “summit” of business leaders opposed to the tariffs, according to a person familiar with the matter.
Curbing dangerous steel imports would reinvigorate Trump’s base and protect the American economy.
The Japanese ambassador to the United Kingdom slapped down premature celebrations of a Japan/EU trade deal, as Hungary admits it is the EU which stands to lose if it does not make a deal with Britain.
China and the United States have agreed to many initial cooperative economic actions as part of a 100-day plan that Presidents Donald Trump and Xi Jinping settled on during their Florida Summit, U.S. Secretary of Commerce Wilbur Ross explained on Thursday.
WASHINGTON, D.C.–On Thursday President Donald Trump signed a memorandum highlighting the importance of a new Department of Commerce investigation into aluminum imports to the U.S. and the threat to national security in light of global overcapacity and increasing U.S. military demand for high quality aluminum.
The global trade winds are blowing in America’s direction again. China’s high taxes and slow shipping have Chinese companies looking to build plants in an increasingly business-friendly U.S.
Although Donald Trump’s election was shocking to the Mexican government, President Enrique Pena Nieto was one of first world leaders to congratulate President-elect Trump and seems ready to negotiate a new economic deal to prevent a trade war.
Iran’s Supreme Leader Ayatollah Ali Khamenei reiterated his distrust of the United States to the Iranian people on Monday and called for Iran to be self-sufficient in order to prevent reliance on Western powers.
There is much debate over the negative effects of massive trade deficits, and what the best strategy for correcting them might be, but it’s hard to deny the U.S. trade deficit with China is staggering in scale … and it got that
