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Trump Trade Policy Tag

Posted by Fuzzy Slippers on December 02, 2018 66 Comments
In a meeting between President Trump and China's Xi Jinping, Trump agreed to delay the increase in tariffs scheduled for January 1, 2019 while trade talks continue. The tariffs in question were set to jump from 10% to 25%, but this increase will not take place while the two countries engage in further trade talks.  The talks are currently expected to last 90 days.

Posted by Vijeta Uniyal on November 21, 2018 38 Comments
Contrary to the mainstream media reporting, President Donald Trump may be winning the trade war with China, according to a leading European think tank. The tariffs placed by the Trump administration could narrow the U.S. trade deficit with China by 17 percent, a recent paper published by Munich-based EocnPol Europe projects. "The US import tariffs will increase the prices of the affected Chinese products in the United States and decrease the profit margin of Chinese exporters," the fifteen page report says. "This might force some Chinese firms to stop exporting to the US, or even force them completely out of the market."

Posted by Mary Chastain on October 01, 2018 22 Comments
NAFTA is now called the U.S.-Mexico-Canada Agreement, or USMCA, after the three countries reached a new deal late Sunday night. From The Wall Street Journal:
The biggest impact is expected to be on the region’s largest industry, autos, requiring a greater portion of vehicles to be made in North America and with high-wage labor in the U.S. and Canada. The new deal for the first time sets rules for financial-services and digital businesses that have emerged since the bloc was created, aimed at pleasing sectors from drugmakers to Wall Street.

Posted by Mary Chastain on July 27, 2018 33 Comments
The gross domestic product (GDP) hit 4.1% in the second quarter, up from 2.2% in the first quarter. This is the fastest rising GDP since 2014! The Bureau of Economic Analysis reported that the growth comes "from positive contributions from personal consumption expenditures (PCE), exports, nonresidential fixed investment, federal government spending, and state and local government spending that were partly offset by negative contributions from private inventory investment and residential fixed investment."

Posted by Mary Chastain on July 13, 2018 16 Comments
The Sun dropped an interview with President Donald Trump on Thursday night as he met with Prime Minister Theresa May for a black-tie dinner. In it, he criticized May's Brexit strategy, claimed she did not listen to him, and that a trade deal between the two countries could be in danger. May and Trump held a press conference Friday morning. Trump told May that whatever she wants to do with her Brexit plan is okay with America, but just make it possible for the UK to engage in trade with the United States. Trump also called The Sun interview 'fake news' because they left out portions of his comments, all of which the White House has recorded.

Posted by Mary Chastain on June 15, 2018 53 Comments
President Donald Trump will approve a plan that will impose a 25% tariff on Chinese technology products, which is worth around $50 billion. From The Washington Post:
Although the import levies affect less than 10 percent of the $505 billion in Chinese goods that Americans buy each year, Trump’s new trade barriers mark a historic change after three decades of deepening ties between the world’s two largest economies.

Posted by William A. Jacobson on June 10, 2018 80 Comments
The featured image photo above was released by the Office of German Chancellor Angela Merkel. By releasing the photo, Merkel signaled that she viewed it as portraying her favorably. She was standing above Trump, with most of the other G-7 nations having her back visually (other than Japanese Prime Minister Abe).

Posted by Vijeta Uniyal on June 03, 2018 108 Comments
President Donald Trump's move to impose tariff on steel and aluminum imports from Europe has triggered sharp response from the EU, Germany and France. President Trump's decision to apply the duties of 25 percent on steel and 10 percent on aluminum was in response to long-standing European customs duties on U.S. imports.

Posted by Mary Chastain on May 31, 2018 253 Comments
President Donald Trump's administration failed to reach a deal with Canada, Mexico, and the European Union, which led the president to impose tariffs on steel and aluminum imports. Trump gave these three an extension when he brought up tariffs last month, but Commerce Secretary Wilbur Ross said the administration will not renew the tariffs. Imported steel will receive a 25% tariff while aluminum will have a 10% tariff.

Posted by Fuzzy Slippers on May 20, 2018 14 Comments
We've been covering the Trump administration's trade talks with China, and now both nations have reportedly agreed to halt the trade war, including the imposition of tariffs, until a deal has been reached. The AFP reports:
Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday.
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