Trump Drops Tariffs on Canada, Mexico Steel Imports to Ease Passage of Trade Deal

The Trump administration has agreed to lift tariffs on steel imports from Canada and Mexico, paving the way for a new trilateral trade deal to go through. President Trump made the announcement in remarks to the National Association of Retailers in Washington, D.C., Friday. “I’m pleased to announce that we’ve just reached an agreement with […]

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China Retaliates with Tariffs on $60 billion of U.S. Goods

China has announced tariffs on $60 billion of U.S. goods in response to $200 billion in tariffs announced by the Trump administration on Chinese goods last week. The economic tit-for-tat has sparked fears of a prolonged trade battle between the two economic powerhouses. The hike in Chinese tariffs came hours after President Trump warned Beijing […]

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Canada Responds with $13 Billion in Tariffs on U.S. Goods

Canada has responded to American tariffs on steel and aluminum imports by slapping $16.6 billion Canadian dollars, or about $12.5 billion U.S. dollars, worth of taxes on U.S. imports. The levies went into effect yesterday. The U.S. has placed 25% and 10% tariffs on steel and aluminum imports respectively, from Mexico, China, Turkey, India, the […]

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Harley Davidson to Become First Causality in Trump’s Bourgeoning Trade War

Harley Davidson is about to be an unintended causality in the President’s growing trade war with the European Union. The company has announced it will be moving some of its iconic motorcycle production out of the U.S. in order to avoid new tariffs imposed by the EU. The Trump administration announced tariffs on steel and […]

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White House: China Airline Demands “Orwellian”

China’s Civil Aviation Administration sent a letter this week to thirty-six foreign carriers, including airlines in the United States, demanding the removal of any reference to Taiwan, Hong Kong or Macau being independent of China. The White House responded to the letter calling the demands “Orwellian.” “President Donald J. Trump ran against political correctness in […]

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China Pledges to Open Markets, Easing Fears of Trade War

In an effort to ease rising tensions between the China and the U.S., Chinese President Xi Jinping announced that tariffs on automobile imports would be lowered “significantly” this year. The move, Xi says, is part of a “new phase of opening up” China’s large economy to foreign products. China currently has the world’s second largest […]

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As Fear of Trade War Subsides, Evidence President’s Negotiating Style May Be Working

As fears of a trade war between the U.S. and China erupted last week, high-ranking officials from both nations began negotiating possible solutions to a trade deficit President Trump has called “out of control.” “It’s the largest deficit of any country in the history of our world,” he said last week with regards to the […]

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Average U.S. Tariffs Less Than Half Those of China Research Shows

Analysis by Pew Research has revealed that the U.S. has among the lowest tariff rates against imported goods in the world. It also shows that its current tariff rates are close to the lowest they’ve been in the nation’s history. In 2016 the average tariff applied by the U.S. on imported goods was 1.61%. That […]

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President Trump Exempts U.S. Allies, EU from Steel & Aluminum Tariffs

The Trump administration has announced that the European Union, Australia, Argentina, Brazil and South Korea will be exempt from the 25% steel and 15% aluminum tariffs the President announced earlier this month. The President’s tariff announcement angered many longstanding allies and set off a flurry of backroom diplomacy as countries sought exemptions and threatened retaliatory […]

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