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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Unemployment at 3.9% After Positive Jobs Report

The U.S. economy added 164,000 jobs last month in a positive jobs report that indicated the country’s near-record expansion is continuing unabated. Economists were expecting an increase of about 193,000 jobs, but revisions to job figures for February (slightly downward), and March (significantly upward) means a net gain of an additional 30,000 jobs over previous […]

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Foreign Trade and Wars

President Trump announced he was replacing Gen. H.R. McMaster with former U.N. Ambassador John Bolton as National Security Adviser this week.  Observers are worried the change indicates a shift to a more forward-leaning and aggressive foreign policy, militarily.  International trade is also an area where the Trump administration seems to be leaning a little more […]

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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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China Announces Retaliatory Tariffs, Sparking Fears of a Trade War

The government of China announced retaliatory tariffs against the U.S. for levies signed by President Trump yesterday that raise duties on Chinese made goods entering the U.S. The President signed penalties that amount to $50 billion, and may equal as much as $60 billion, in an effort to bring the U.S.’ trade deficit, and its […]

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President Trump Levels $50 Billion in Tariffs Against China, Hints More May Be to Come

President Trump announced his administration would be imposing $50 billion on Chinese made goods entering the U.S. The measures, the President said, are aimed at correcting what he called, “the largest deficit of any country in the history of our world.” “It’s out of control,” he added. The taxes are aimed at intellectual property theft […]

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