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Mar 16 2023
News
U.S. Trade Commission Admits Tariffs Raised Prices for American Consumers
Tariffs raise prices.
That's something that shouldn't count as news, but sadly qualifies these days.
Five years after then-President Donald Trump declared a trade war with China and slapped new tariffs on steel and aluminum, the U.S. International Trade Commission (ITC) has found that those tariffs jacked up prices and reduced the availability of tariffed goods. In a report
ReasonSep 22 2023
News
Pence trashes Trump’s tax plan, says 10% tariff would ‘increase inflation at the worst possible time’
Former Vice President Mike Pence on Thursday dumped on Donald Trump’s plan to slap a universal 10% tariff on imported goods if he is reelected in 2024, slamming the idea as a “middle-class tax increase.”
An across-the-board tariff like the one Trump has proposed would worsen inflation and “reward adversaries like China,” Pence’s GOP presidential campaign said in an unusually sharp one-
CNBCMar 08 2018
News
Don’t Worry About Trump’s Tariffs
Last week President Trump announced new tariffs on steel and aluminum products, and the response couldn’t have been more negative — critics warned of trade wars, recession, global instability. But the blowback is overblown, and seems to constitute reflexive anti-Trump sentiment rather than careful economic reasoning.
Economic Policy InstituteMar 08 2018
Perspectives Blog
Trump to Impose Tariffs on Steel and Aluminum
President Trump officially announced new tariffs on steel and aluminum, exempting Mexico and Canada. Critics argue this could spark a trade war, while some in favor say that this is part of his 'America First' agenda. The plan also has unlikely supporters in large unions and some Democrats who contend that the tariffs will level the playing field between the U.S. and outside competitors like John Gable, AllSides Co-founderNov 10 2020
News
Biden Is Expected to Review Trump’s Trade Tariffs
WASHINGTON—President-elect Joe Biden will inherit a U.S. trade policy characterized by tariffs on global imports—on steel and aluminum from most of the world, on wine and cheese from Europe, and on nearly three-quarters of everything the U.S. buys from China.
While Mr. Biden hasn’t detailed his specific plans, aides and advisers say he is expected to review those levies. And like
Wall Street Journal (News)Mar 27 2023
News
U.S. Supreme Court Turns Away Challenge To Trump's Tariffs On Steel Imports
The U.S. Supreme Court on Monday declined to hear a challenge to U.S. steel import tariffs imposed in 2018 under former President Donald Trump - a policy he touted as defending American national security - and largely maintained by President Joe Biden.
The justices turned away an appeal by a group of U.S.-based steel importers of a lower court's ruling rejecting their challenge to the
International Business TimesDec 27 2019
News
Fed study finds Trump tariffs backfired
President Donald Trump’s strategy to use import tariffs to protect and boost U.S. manufacturers backfired and led to job losses and higher prices, according to a Federal Reserve study released this week.
“We find that the 2018 tariffs are associated with relative reductions in manufacturing employment and relative increases in producer prices,” concluded Fed economists Aaron Flaaen and
MarketWatchMar 18 2024
News
Trump's 'violent language' is 'meant to scare people into submission': GOP strategist
During a rally in Vandalia, Ohio, this Saturday, Donald promised a "100 percent tariff" on cars manufactured outside the U.S., saying that if he's elected president, auto manufacturing jobs for Americans would be protected. However, Trump's speech drew more scrutiny when he argued that him not being elected would mean a "bloodbath" for the American auto industry. “We’re going to put a 100%
Raw StoryJun 07 2022
News
Solar industry stocks jump as Biden announces tariff suspension
Solar companies and their investors hailed the Biden administration's move to jolt the U.S. solar industry with a new order that both temporarily removes tariffs on imports and bolsters domestic manufacturers.
Why it matters: Solar installations were expected to fall by 7% in 2022, according to S&P Global Market Intelligence, as the industry faced supply concerns triggered by the
AxiosAug 13 2019
News
U.S. Will Delay Some Tariffs Against China
Some tariffs to be delayed until Dec. 15 on items including cell phones, laptop computers, video game consoles, footwear
The Trump administration will delay tariffs on cellphones, laptop computers, toys and some other items until Dec. 15, softening the blow of levies that were scheduled to take effect on Sept. 1 against roughly $300 billion of imports from China.
The office of
Wall Street Journal (News)