Jamie Dimon: Trump’s strategy on tariffs might have worked
5 years, 9 months ago

Jamie Dimon: Trump’s strategy on tariffs might have worked

CNN  

New York CNN Business — Jamie Dimon is no fan of tariffs. Former White House economist Gary Cohn, who was once second in command at Goldman Sachs, flatly said last week that “tariffs don’t work.” If anything, Cohn told the Freakonomics podcast, tariffs “hurt the economy.” Dimon said he agrees with Cohn that tariffs “don’t work technically” because they cause negative side effects, namely rising costs for consumers and businesses. Dimon said that tariffs increase the odds of a full-blown “trade war” between the world’s two largest economies. No ‘free ride’ for China He sounded less confident in China’s future, pointing to the country’s “enormous corruption,” 400 million people in poverty, weaker legal safeguards and complex regional challenges. “It isn’t like they have a free ride for the next 20 or 30 years,” Dimon said.

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History of this topic

A battle is brewing over tariffs among Trump’s team
4 days, 3 hours ago

A battle is brewing over tariffs among Trump’s team

CNN  

CNN — President-elect Donald Trump is still pushing for universal tariffs on imports from overseas as his trade advisers are working to craft a strategy to translate his campaign pledges into policy, according to multiple people familiar with the matter. In private discussions, aides are still focused on drawing up plans that hew closely to the blanket tariffs Trump proposed …

'Tariffs all the way!!!' Trump threatens allies in late-night comments
2 weeks, 6 days ago

'Tariffs all the way!!!' Trump threatens allies in late-night comments

Raw Story  

Donald Trump threatened to impose tariffs on U.S. allies in an overnight post demanding that the European Union close its trade gap. “I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas," Trump posted on Truth Social shortly after 1 a.m. "Otherwise, it …

Keir Starmer warns that the UK must avoid Trump's import tariffs as he vows to boost US trade when president takes office for the second time
3 weeks ago

Keir Starmer warns that the UK must avoid Trump's import tariffs as he vows to boost US trade when president takes office for the second time

Daily Mail  

Britain must make sure it avoids attracting tariffs when Donald Trump retakes power in the US, Keir Starmer admitted today. Trump has vowed to introduce a range of tariffs during his second term in the White House, including a 10-20 per cent levy on all goods imports. Asked how he would dissuade Mr Trump from imposing tariffs on the UK, …

The possibility of tariffs in Trump's second term is dividing U.S. businesses
4 weeks, 1 day ago

The possibility of tariffs in Trump's second term is dividing U.S. businesses

NPR  

The possibility of tariffs in Trump's second term is dividing U.S. businesses President-elect Trump has called for sweeping tariffs on all imports. HORSLEY: McClelland is counting on Trump's tariffs to raise the price of those imported aluminum goods and give him and other domestic manufacturers a fighting chance. HORSLEY: Even Mark McClelland, the aluminum manufacturer who's rooting for tariffs, admits …

The case for Donald Trump’s tariffs
1 month ago

The case for Donald Trump’s tariffs

CNN  

New York CNN — President-elect Donald Trump views tariffs as a not-so-secret weapon — one that can be deployed to pressure friends and foes alike to address issues from drug trafficking and illegal immigration to threats to the dominance of the US dollar. Trump once dubbed himself “Tariff Man” and recently celebrated these import taxes as “the greatest thing ever …

Trump tariffs to harm growth: Experts
Trending News
1 month ago

Trump tariffs to harm growth: Experts

China Daily  

The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global impact of Trump's return …

'Win-win for Trump': GOP strategist shares theory behind bully tactic
1 month, 1 week ago

'Win-win for Trump': GOP strategist shares theory behind bully tactic

Raw Story  

President-elect Donald Trump has a motive behind his tariff-imposing threats — and it doesn’t involve putting levies on international trade, a Republican strategist wrote Sunday. Now let’s act like it.” Del Percio was reacting to a Truth Social post last week in which Trump said, “On January 20th, as one of my many first Executive Orders, I will sign all …

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different
1 month, 1 week ago

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different

Huff Post  

LOADING ERROR LOADING WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. Republican presidential nominee former President Donald Trump listens during a campaign rally at Santander Arena, Monday, Nov. 4, 2024, in Reading, Pa. via Associated Press Trump also posted on Monday that Chinese imports would face additional tariffs of 10% until Beijing cracks …

Webjet taken to court by ACCC, ASX hits new record close, Star suffers 'first strike' at AGM — as it happened
1 month, 1 week ago

Webjet taken to court by ACCC, ASX hits new record close, Star suffers 'first strike' at AGM — as it happened

ABC  

Earlier this week, US President-elect Donald Trump said he would impose 25% tariffs on goods imported from Canada and Mexico. According to Reuters news agency: Mexican President Claudia Sheinbaum said on Wednesday Mexico would retaliate if U.S. President-elect Donald Trump followed through with his proposed 25% across-the-board tariff, a move her government warned could kill 400,000 US jobs and drive …

Trump’s tariffs in his first term did little to alter the economy, but this time could be different
Trending News
1 month, 1 week ago

Trump’s tariffs in his first term did little to alter the economy, but this time could be different

Associated Press  

WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Trump’s first term tariffs had a modest impact on economy Trump imposed tariffs on …

'Significant consequences': Major bank comes out swinging against Trump’s latest plan
Trending News
1 month, 1 week ago

'Significant consequences': Major bank comes out swinging against Trump’s latest plan

Raw Story  

Critics of President-elect Donald Trump's proposal for aggressive new tariffs were hoping he would back down from that idea — but he announced this week that he plans to move forward as soon as he is sworn into office — and proposed 25% across-the-board tariffs on all goods imported into the United States from Mexico and Canada. "The 25% levy …

Trump wastes no time in reigniting trade wars
Trending News
1 month, 1 week ago

Trump wastes no time in reigniting trade wars

Live Mint  

Donald Trump has fired the first shot. Scott Bessent, a former hedge-fund manager who Mr Trump nominated to be treasury secretary on November 22nd, had suggested that Mr Trump’s tariffs could be used as an opening gambit. There is plenty of uncertainty about Mr Trump’s latest salvo, not least whether he would actually be able to implement the tariffs on …

Trump tariffs: It’s one of Trump’s most controversial promises. This is how he might carry it out.
55 years ago

Trump tariffs: It’s one of Trump’s most controversial promises. This is how he might carry it out.

Slate  

This article was originally featured in Foreign Policy, the magazine of global politics and ideas. But tariffs are also touted by Trump’s trade sherpas, such as former U.S. Trade Representative Robert Lighthizer, as a way to force manufacturing back to the United States by discouraging pricier imports. If tariffs are just a threatened big stick to get better trade terms …

Trump tries to force other countries to negotiating table on immigration and trade with promise to hike tariffs
1 month, 2 weeks ago

Trump tries to force other countries to negotiating table on immigration and trade with promise to hike tariffs

CNN  

CNN — President-elect Donald Trump’s pledge to impose massive tariffs was an early warning shot to try to force the hand of allies and adversaries to come to the negotiating table on immigration and trade issues, a transition official told CNN. “We know what works.” Trump’s posts Monday on Truth Social appeared to be the opening act in a long-promised …

CNN host brushes off Trump ally's two-minute tap-dance on controversial policy
1 month, 2 weeks ago

CNN host brushes off Trump ally's two-minute tap-dance on controversial policy

Raw Story  

CNN's Kate Bolduan dismissively brushed off Donald Trump's surrogate's filibuster on the economy. Major retailers like Walmart and Lowe's have already warned that consumer prices would increase if the president-elect follows through on his campaign promise to impose tariffs on Chinese imports, but Trump ally Madison Gesiotto insisted that most economists were wrong about their potentially "catastrophic" impact. When I …

Trump's ex-trade chief tries to convince lawmakers higher tariffs won’t tank economy
1 month, 4 weeks ago

Trump's ex-trade chief tries to convince lawmakers higher tariffs won’t tank economy

Raw Story  

Robert Lighthizer — who served as Donald Trump's U.S. trade representative — is on a mission to "convince lawmakers and the public that their plans for dramatically higher tariffs will energize the economy instead of tanking it," Politico reports. According to a document viewed by POLITICO, the news outlet notes that Lighthizer "and those close to him are preparing to …

New Tory leader Kemi Badenoch tells Keir Starmer to dust off plans for a US free-trade deal warning that Donald Trump's plan for import tariffs will be 'terrible news' for Britain
1 month, 4 weeks ago

New Tory leader Kemi Badenoch tells Keir Starmer to dust off plans for a US free-trade deal warning that Donald Trump's plan for import tariffs will be 'terrible news' for Britain

Daily Mail  

Keir Starmer must urgently dust off Tory plans for a free trade deal to avoid being damaged by Donald Trump's 'terrible' protectionist economic plans, Kemi Badenoch warned today. Writing in the Telegraph today, Ms Badenoch said that a deal was 'one of the biggest Brexit prizes', adding: 'If President Trump does pursue a new protectionist tariff regime it would be …

ALEX BRUMMER: Trump tariff plans pose threat to growth
Trending News
2 months ago

ALEX BRUMMER: Trump tariff plans pose threat to growth

Daily Mail  

Detailed exit polling will eventually show why Republicans with Donald Trump on the top of the ballot were triumphant in the US election. Even though the Biden White House can claim success for growth, which hit 2.7 per cent in the third quarter, there was little cut-through for the Democrats. Tariffs: On the campaign trail, Trump proposed a 60% additional …

More Trump Tariffs Are Coming But CEOs Insist They Are Prepared
2 months ago

More Trump Tariffs Are Coming But CEOs Insist They Are Prepared

Live Mint  

The alarm from economists has been clear for months: Brace yourself. If he delivers on his campaign promises for an aggressive package of new US tariffs, they’ve warned, a re-elected Donald Trump will set the stage for a historic period of turmoil in the global economy. “Success is going to bring us together, and we are going to start by …

Walz mocks Trump for not knowing ‘how a tariff works’ as ‘massive’ price hikes loom
2 months, 1 week ago

Walz mocks Trump for not knowing ‘how a tariff works’ as ‘massive’ price hikes loom

Raw Story  

American companies are not waiting for the results from next week's Election Day to get a jump on hiking prices should Donald Trump win the presidency. … It’s going to be very, very difficult to keep products affordable for Americans.” The Republican ex-president has vowed to implement what The Post is calling "massive import tariffs," that he falsely claims are …

'Bear the burden': CEOs warn major price hikes already planned to offset Trump tariffs
2 months, 1 week ago

'Bear the burden': CEOs warn major price hikes already planned to offset Trump tariffs

Raw Story  

A slew of businesses across the U.S. say they're preparing to spike prices should former President Donald Trump regain the White House in 2025, the Washington Post reported Wednesday. While Trump claimed foreign companies will pay the tariffs, the U.S. Customs and Border Protection agency demands American purchasers pay when their products enter the country, according to the Post. “We …

Donald Trump’s tariff talk is leverage, suggests billionaire
2 months, 1 week ago

Donald Trump’s tariff talk is leverage, suggests billionaire

The Telegraph  

Last month, Trump raised the stakes when he said John Deere, the machinery manufacturer, could be hit with a punitive tariff of 200 per cent if it went ahead with plans to shift some production to Mexico and then tried to export any goods back to the US. But Mr Paulson, a hedge fund billionaire who has been widely touted …

How Trump’s tariffs would work
2 months, 4 weeks ago

How Trump’s tariffs would work

CNN  

Washington CNN — When President-elect Donald Trump returns to the White House, tariffs are likely to once again play a major role in his policy agenda. On the campaign trail, Vice President Kamala Harris referred to her then-opponent’s tariff policy as a “Trump Tax.” Several independent studies have found that if Trump implements an across-the-board tariff and increases duties on …

How Trump’s tariffs would work
2 months, 4 weeks ago

How Trump’s tariffs would work

CNN  

Washington CNN — When President-elect Donald Trump returns to the White House, tariffs are likely to once again play a major role in his policy agenda. On the campaign trail, Vice President Kamala Harris referred to her then-opponent’s tariff policy as a “Trump Tax.” Several independent studies have found that if Trump implements an across-the-board tariff and increases duties on …

"Misleading": Trump touts tariffs as miracle cure-all — but Americans stand to lose the most
3 months, 2 weeks ago

"Misleading": Trump touts tariffs as miracle cure-all — but Americans stand to lose the most

Salon  

As ghosts and monsters prepare to strike this Halloween, Americans might find that what haunts them most are not the ghouls at the door—it's the price tags at the store. As stubborn inflation has eased, former President Donald Trump and President Joe Biden may spook Americans all over again by slapping tariffs on pretty much everything that dares cross U.S. …

Trump likely wouldn’t need Congress to approve his most controversial trade policy
3 months, 4 weeks ago

Trump likely wouldn’t need Congress to approve his most controversial trade policy

CNN  

New York CNN — It’s easy to dismiss many presidential candidates’ campaign promises as empty, because Congress would need to approve them. ‘Crazy’ proposal on tariffs Although he cautioned that it’s unclear under what conditions Trump would impose 100% tariffs, Obstfeld said such high levies would raise prices on consumers – especially if they were applied widely. Christine McDaniel, a …

Fact check: Trump and Vance keep falsely describing how tariffs work
4 months ago

Fact check: Trump and Vance keep falsely describing how tariffs work

CNN  

Washington CNN — Former President Donald Trump and Republican vice presidential nominee Sen. JD Vance continue to falsely describe how one of their major policy proposals, across-the-board tariffs, would work. It’s a tax on another country.” And he said again during a rally in Wisconsin Saturday that “it’s not going to be a cost to you, it’s going to be …

One law could make Trump’s tariff threat a reality
4 months, 1 week ago

One law could make Trump’s tariff threat a reality

Politico  

The International Emergency Economic Powers Act gives the president sweeping authority to control economic transactions after declaring an emergency. | Alex Brandon/AP First term flirtation: Trump nearly became the first president to use IEEPA to impose tariffs in 2019, when he threatened a gradually increasing tariff, starting at 5 percent, on Mexican goods unless the country stemmed illegal migration into …

Electioneering tariff talk belies the reality: China Daily editorial
10 months, 3 weeks ago

Electioneering tariff talk belies the reality: China Daily editorial

China Daily  

There has been plenty of hoopla about the effectiveness of tariffs when it comes to correcting what in the eyes of US policymakers is unfair trade imbalances. The previous Donald Trump administration initiated a trade war against China, imposing 25 percent additional tariffs on Chinese imports worth $300 billion in 2018. This is because, in US Trade Representative Katherine Tai's …

Decoding Trump's 10% tariff plan
11 months, 2 weeks ago

Decoding Trump's 10% tariff plan

China Daily  

Former US president Donald Trump speaks at a caucus site in Clive, Iowa, the United States, Jan 15, 2024. This bold, protectionist move, aiming to boost American manufacturing, could have profound implications for the US economy, disrupt global trade, and add a new dimension to the already complex and tense US-China relationship. As the world's largest economy running the world's …

Decoding Trump's 10% tariff plan
11 months, 2 weeks ago

Decoding Trump's 10% tariff plan

China Daily  

Former US president Donald Trump speaks at a caucus site in Clive, Iowa, the United States, Jan 15, 2024. This bold, protectionist move, aiming to boost American manufacturing, could have profound implications for the US economy, disrupt global trade, and add a new dimension to the already complex and tense US-China relationship. As the world's largest economy running the world's …

Donald Trump outlines first phase of deal to end trade war with China, suspends October tariff hike
5 years, 2 months ago

Donald Trump outlines first phase of deal to end trade war with China, suspends October tariff hike

Firstpost  

Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done. Washington: US president Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended …

Donald Trump heaps more tariffs on China, still no deal in sight
5 years, 4 months ago

Donald Trump heaps more tariffs on China, still no deal in sight

Live Mint  

Washington, Columbus: The Trump administration slapped tariffs on roughly $110 billion in Chinese imports on Sunday, marking the latest escalation in a trade war that’s inflicting damage across the world economy. Face-to-face talks between Chinese and American trade negotiators scheduled for Washington in September are still happening “as of now,” Trump told reporters Friday before going to Camp David, the …

'Ignoramus' Trump scorched for still not understanding how tariffs work after 'enormous' losses
5 years, 7 months ago

'Ignoramus' Trump scorched for still not understanding how tariffs work after 'enormous' losses

Raw Story  

In a blunt-talking column for the Washington Post, conservative columnist Jennifer Rubin marveled at the fact that President Donald Trump still doesn't understand how tariffs hurt American consumers and businesses as the stock market reels, America farmers face bankruptcy and consumers see their pocketbooks hit with higher prices. "Only an ignoramus like Trump could conclude that enacting a trade tax …

Tariffs are President Donald Trump’s go-to move
5 years, 7 months ago

Tariffs are President Donald Trump’s go-to move

CNN  

CNN — Who isn’t President Donald Trump targeting with a trade war? Trump’s aggressive moves have US clothing companies “freaked.” Farmers hurt by the trade war are looking for another multi-billion dollar aid payout from taxpayers, automobile manufacturers are anxiously awaiting separate tariffs Trump is considering. Second, Trump would like you to know that despite what you read in the …

Trump's Tariff Intentions Hang Over U.S.-China Trade Talks
5 years, 8 months ago

Trump's Tariff Intentions Hang Over U.S.-China Trade Talks

NPR  

Trump's Tariff Intentions Hang Over U.S.-China Trade Talks A delegation of Chinese negotiators is in Washington to continue talks to resolve an ongoing trade dispute with the U.S. — just as President Trump threatens higher tariffs. Before those talks could begin, President Trump's administration announced higher tariffs on Chinese imports take effect at the end of this week. Our chief …

Opinion | Another Trump tweet, another trade salvo
5 years, 8 months ago

Opinion | Another Trump tweet, another trade salvo

Live Mint  

Just as the world thought that the US and China were headed for a truce on their trade war, US President Donald Trump has sprung a surprise, threatening to raise tariffs on $200 billion worth of Chinese imports as early as Friday. Trump’s threat could yet be no more than a playbook move aimed at negotiating a better deal ahead …

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