Macro Rubio calls Trump tariffs on China “Excellent”

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Earlier today the White House announced it would go forward with some Tariffs on China. NBC: President Trump approves implementing what White House says will be 25% tariff on $50B of goods from China containing industrially significant technologies, and “will pursue additional tariffs if China engages in retaliatory measures.” pic.twitter.com/foOp6ZWYB0 — Josh Caplan (@joshdcaplan) June […]

Trump Administration to impose 25% tariff on $50 B worth of goods from China

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Yesterday the Trump Administration announced it would impose a 25% tariff on $50 Billion worth of goods from China. CNN: On Tuesday, the White House said the administration would proceed with its proposal to impose 25% tariffs on $50 billion worth of goods from China, and place new limits on Chinese investments in US high-tech […]

US Trade Deficit cut by $49 B

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The US trade deficit cut by $49 Billion Dollars due to record exports. Breitbart: record exports trimmed the U.S. trade deficit in March, the first drop in seven months in a massive gap that President Donald Trump is determined to shrink with an aggressive America first policy. The Commerce Department says the trade deficit — […]

WIN: Xi Jinping says he will ‘significantly lower’ tariffs on auto imports

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Xi Jinping seemed to back off some of his tough talk on trade and he announced he would be fairer to the United States on his auto imports. Breitbart: President Xi Jinping has promised to cut China’s auto import tariffs and ease restrictions on foreign ownership in its auto industry amid an escalating tariff spat […]

TRUMP IN TARIFF MEETING: ‘I need to take care of my base’

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According to an Axios report Trump continually talked about taking care of his base during a Tariff Meeting. Axios: Cohn and Porter argued on one side, and Navarro and Ross fought on the other. (This was an adhoc meeting so the other senior officials who are against Navarro and Ross — James Mattis, Rex Tillerson, […]

Report: US Trade Deficit hits $566 B, highest since 2008

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According to new data from The Commerce Department the US Trade Deficit hit 655 Billion, highest since 2008. AP: The U.S. trade deficit hit the highest level in nine years in 2017, defying President Donald Trump’s efforts to bring more balance to America’s trade relationships. The Commerce Department said Tuesday that the trade gap in goods […]

Report: Donald Trump planning on taking action on trade next month

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According to those close to Trump, he is planning on tackling trade within the next month. Axios: In private meetings: Trump keeps asking for tariffs — on steel and aluminum, in particular. He wants a trade war, and has for many years. His economic and diplomatic advisers persuaded him to delay trade actions in 2017. Those advisers recognize that the […]