Trump edges closer to China tariffs, appears to avert trade war

WASHINGTON (Reuters) – U.S. President Donald Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $ 60 billion of imports from China, although his action was far removed from threats that could have ignited a global trade war. Under the terms of the memorandum, Trump will target the Chinese imports […]

Tariffs Are Not the Answer

Tariffs Are Not the Answer

By Ron Paul President Trump’s planned 25 percent tariff on steel imports and 10 percent tariff on aluminum imports may provide a temporary boost for those industries, but the tariffs will do tremendous long-term damage to the American and global economies. Tariffs raise the price of, and reduce demand for, imported goods. Tariffs ensure the […]

EU, Japan start push for exemptions from Trump tariffs

BRUSSELS (Reuters) – The European Union and Japan urged the United States on Saturday to grant them exemptions from metal import tariffs, with Tokyo calling for “calm-headed behavior” in a dispute that threatens to spiral into a trade war. U.S. Trade Representative Robert Lighthizer (L) and Japan’s Minister of Economy, Trade and Industry Hiroshige Seko […]

Trump steel tariffs may leave these U.S. steelworkers jobless

FARRELL, Penn. (Reuters) – Mick Lang has been a steelworker for nearly 40 years and voted for businessman Donald Trump in the hopes he would bring about a renaissance for the long-suffering U.S. steel industry – now he worries President Trump’s tariffs on imports of the metal will cost him his job. Steel coils sits […]