All posts tagged "Trade War"

President Donald Trump's trade war with Canada is battering the American dairy producers he has repeatedly claimed to be protecting.

In a Thursday article for "The Bulwark," economics editor Catherine Rampell said U.S. dairy "was supposed to be the one industry President Donald Trump was actually helping." Instead, she wrote, "American dairy farmers are now saying: Please, stop helping."

Trump often points to dairy as proof that Canada cheats the U.S. on trade, and he has put Canada's dairy tariffs at 250 percent or 400 percent, depending on the day. Rampell noted that those steep rates apply only to sales above a tariff-free quota set under the USMCA, the trade deal Trump negotiated in his first term. Citing the International Dairy Foods Association, she reported that U.S. producers have never come close to hitting that cap. The U.S. also sells roughly three times as much dairy to Canada as it buys....

British political commentator Piers Morgan lamented having written that Trump is a "changed man" after seeing him wage war in Iran.

During an episode of The Bulwark Podcast, Morgan spoke about the New York Post column he wrote after Trump was re-elected. In the column, Morgan said that Trump is a "changed man" and could become "one of America's great presidents."

Host Tim Miller, a former GOP operative, asked Morgan how those words are looking now that Trump is more than a year into his second administration....

President Donald Trump says that China has turned "hostile," claiming it's been a "real surprise" amid the ongoing tariff war — suggesting a "massive increase of tariffs" on Chinese products.

China Friday slammed new retaliatory port fees for U.S. ships, according to The Associated Press.

Trump responded on his Truth Social platform Friday:...

WASHINGTON — Farmers, bankers and international policymakers find themselves in the same camp as President Donald Trump’s international trade war gathers pace: confused, freaked out and lobbying for clarity — if not a carve out.

Just this week, after Trump signed an executive order introducing 50 percent tariffs on most goods from Brazil, a leading Democratic senator met with a handful of concerned Brazilian counterparts, among them a friend from the senator's literally stellar contact book.

“I've met with eight Brazilian senators in my office, and one of them is a guy I’ve known for 30 years, who was the only Brazilian astronaut,” Sen. Mark Kelly (D-AZ), a former U.S. astronaut himself, told Raw Story at the Capitol. ...

A small father-daughter run wine company in Upstate New York stood up to President Donald Trump's tariffs in a "David and Goliath" showdown — and came out on top, according to reporting by CNN.

The company, called VOS Selections, agreed to be the lead plaintiff in the lawsuit against the Trump administration, "which prompted a three-judge panel at the US Court of International Trade to strike down Trump’s sweeping global tariffs on Wednesday," the report said.

According to the decision, Trump "overstepped his authority by invoking emergency economic powers to impose sweeping tariffs on China, Canada, Mexico and other US trading partners."...

Critics mocked Treasury secretary Scott Bessent's trade war promises when interrogated by Fox News's Bill Hemmer on Friday.

The interview came after President Donald Trump threatened 50% tariffs on the European Union and 25% tariffs on Apple iPhones that are not made in the United States. His Truth Social announcement caused the stock markets to plummet.

Even those on the right seemed concerned about Bessent's answers, with @JohnBoyCali — whose bio says he's "anti-radical democrats" — posted to X, "Scott Bessent seemed more cautious than usual this AM on Fox. I wonder what the real reason is? Maybe to lower expectations a bit?"...