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Tag: Trade war

Mosher: China blinked — and Trump clearly won the first round of his tariff war
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Approved, Commentary, National, New York Post

Mosher: China blinked — and Trump clearly won the first round of his tariff war

By Steven W. Mosher | New York Post, Commentary The opening round of the tariff war with China is over. And earlier this week, President Trump achieved a very clear win.  The president had Chinese leader Xi Jinping on the ropes. Trump’s 145% tariffs on Chinese goods landed a crushing blow to Beijing’s economy, already staggering under the weight of rising unemployment, unsustainable debt, and rising bankruptcies. But instead of giving China a knockout punch, Trump decided to hit the pause button. And it’s worth asking why. READ THE FULL STORY AT THE NEW YORK POST
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Trump floats slashing China tariffs ahead of key meeting
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Approved, National, National Review

Trump floats slashing China tariffs ahead of key meeting

By David Zimmermann | National Review President Donald Trump on Friday floated reducing tariffs on China to 80 percent, down from the current 145 percent total, as Washington and Beijing officials prepare for an important meeting this weekend. Trump indicated a lower tariff rate in a post on Truth Social, saying an “80% Tariff on China seems right!” The president added it remains “up to” Treasury Secretary Scott Bessent in negotiating a lower levy, though. Bessent and U.S. Trade Representative Jamieson Greer traveled to Geneva, Switzerland, where they will meet with their Chinese counterparts. The meeting marks the first meaningful step toward resolving the trade tensions between the world’s two largest economies since the U.S. slapped tariffs on China. READ THE FULL ...
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Another chips giant commits to manufacturing in US
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Approved, National, The Daily Caller

Another chips giant commits to manufacturing in US

By Thomas English | Daily Caller Advanced Micro Devices (AMD) will begin chip production at Taiwan Semiconductor Manufacturing Company’s (TSMC) facility in Arizona, marking the first time the company’s processors will be made on U.S. soil. The announcement, delivered Tuesday by CEO Lisa Su in Taipei, signals a sharp pivot in AMD’s manufacturing strategy as the Trump administration ramps up scrutiny of foreign-made semiconductors. With Washington eying tariffs on chip imports over national security concerns, AMD joins a growing list of tech giants racing to localize operations amid mounting trade risks. “TSMC has been a key partner for many years and our deep collaboration with their R&D and manufacturing teams has enabled AMD to consistently deliver leadership products that pu...
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Rare Earth minerals affected by China export ban used in EVs, green energy, and military tech
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Approved, Breitbart, National

Rare Earth minerals affected by China export ban used in EVs, green energy, and military tech

By John Hayward | Breitbart China has restricted the export of several crucial rare earth minerals to the United States in response to President Donald Trump’s tariff increases. The restrictions come up short of a total ban, but they will probably slow the delivery of minerals needed by defense, energy, and electronics companies. The term “rare earth minerals” is sometimes used broadly to refer to all valuable or unusual minerals, but in fact it refers to a specific list of 17 metallic elements. Fifteen of them are lanthanides, meaning they occupy a specific region of the periodic table of the elements that begins with lanthanum (atomic number 57). The lanthanides all share similar atomic structure and chemical behavior, so the grouping is not arbitrary. READ THE FULL STORY AT...
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US stocks fall after China slaps 125% tariff on US imports, escalating trade war
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Approved, National, New York Post

US stocks fall after China slaps 125% tariff on US imports, escalating trade war

By Taylor Herzlich | New York Post US stocks fell on Friday as China struck back at President Trump’s latest tariff with a total 125% tax — further escalating trade tensions between the two nations. The Dow Jones Industrial Average lost 254 points, or 0.6%, after plummeting 1,014.79 the day before. The index has been on a wild ride over the past week as markets struggle to absorb back-and-forth trade war news, plunging more than 4,000 points after Trump revealed his so-called “reciprocal” tariffs last Wednesday, then recovering more than 1,500 points this week after he announced a 90-day pause on most of his harsher tariffs. READ THE FULL STORY AT THE NEW YORK POST
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Hanson: Donald Trump’s just trade war
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Approved, National, The Free Press

Hanson: Donald Trump’s just trade war

By Victor Davis Hanson | The Free Press President Donald Trump has announced sweeping new tariffs on most goods imported into the U.S. from abroad. His flat 10 percent levy on all imported products and services came into effect on Saturday. Starting Wednesday, American tariffs will rise higher, in some cases quite dramatically so, on the European Union, China, India, Vietnam, and some of our Asian allies such as Japan, South Korea, and Taiwan—which have for decades unabashedly run large trade surpluses. The resulting 10 percent drop in the stock market over two days last week, to early 2023 levels, has prompted hysteria of the sort not seen since 2008. The more the American Left—not long ago, passionate advocates of Trump-style trade fairness—seeks political advantage through roars o...
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Fentanyl’s role in Trump’s trade war with Canada explained
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Approved, National, Washington Examiner

Fentanyl’s role in Trump’s trade war with Canada explained

By Anna Giaritelli | Washington Examiner President Donald Trump‘s executive crusade to punish three countries he deems responsible for the deadly fentanyl epidemic has raised questions on whether tariffs, especially on Canada, will solve the U.S. drug problem. In the Feb. 1 executive order, Trump identified Canada, China, and Mexico as playing significant roles in the U.S. fentanyl epidemic that has killed a record-high number of people annually. In turn, Trump imposed double-digit tariffs against each nation until the amount of fentanyl being seized at the nation’s border drops to next to nothing. READ THE FULL STORY AT THE WASHINGTON EXAMINER
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European Union enacts retaliatory tariffs as Trump trade war escalates
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Approved, National, National Review

European Union enacts retaliatory tariffs as Trump trade war escalates

By James Lynch | National Review The European Union is enacting retaliatory tariffs against various U.S. products in response to President Donald Trump’s 25 percent steel and aluminum tariffs that went into effect Wednesday. The EU tariffs will impact up to $28 billion of U.S. exports once they are implemented next month in two phases beginning April 1 and April 13. U.S. goods that will be impacted by the tariffs include steel and aluminum products, textiles, bourbon, motorcycles, and numerous agricultural products. “We deeply regret this measure. Tariffs are taxes. They are bad for business, and even worse for consumers. These tariffs are disrupting supply chains. They bring uncertainty for the economy. Jobs are at stake. Prices will go up. In Europe and in the United States. The...
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