President Donald Trump on Wednesday announced new 25% tariffs on all auto imports coming into the United States.
Read MorePresident Trump Announces New Tariffs on Auto Imports
Tag: Canada
Commentary: The Left Doesn’t Have Solutions for the Problems It Creates
The Wall Street Journal has consistently criticized Trump’s economic policies, particularly his ongoing “trade war” with Canada, over the past several weeks. And certainly, the tensions are regrettable. Trump’s trolling of the insufferable Justin Trudeau, with talk of Canada becoming the “51st state,” perhaps only galvanized the Canadian left. It unfortunately may ensure that the only real hope for a Canadian return to normality, the election of Pierre Poilievre, may be lost.
That said, does the WSJ truly believe that the current $1.7 trillion budget deficit stacked on top of $36 trillion in national debt and an annual $1 trillion trade deficit are sustainable in any fashion? Do they believe any Republican president would have survived the midterms if he cut or “reformed” Social Security? If so, consult the fate of the recommendations of left-wing Barack Obama’s 2010 Simpson-Bowles commission (“The National Commission on Fiscal Responsibility and Reform”).
Read MoreHonda Reportedly Moving Production of a Top-Selling Car to U.S. amid Trump’s Tariff Threats
Honda intends to move production of one of its best-selling car models to the U.S. from Mexico in an attempt to avoid potential tariffs, Reuters reported on Monday.
The major automaker decided to shift production of its next-generation Civic hybrid car to Indiana, three anonymous sources told Reuters. The news comes after President Donald Trump on Feb. 1 imposed 25% tariffs on imports from Canada and Mexico alongside 10% tariffs on imported goods from China in an attempt to stop deadly drugs and illegal migrants coming into the U.S. from the countries.
Read MoreTrump Pushes Enforcement Date to April for Canada, Mexico Tariffs
President Donald Trump said Wednesday during his first cabinet meeting that he “not stopping” tariffs on Mexican and Canadian goods but the start date has been delayed.
When Trump first took office, he threatened to implement tariffs on goods from Canada and Mexico but delayed them after having a conversation with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum.
Read MoreMan of Steel: Trump’s Tariffs Seek to Protect, Expand America’s Metal Industry
President Donald Trump’s orders to impose tariffs and close loopholes on metal imports not only delivered on a major campaign promise to American steel workers, they also set the stage for geopolitical dealmaking that could stretch as far and wide as Europe and the Gaza Strip.
Within hours of Trump affixing his signature on the tariffs orders that take effect globally next month, Ukrainian President Volodymyr Zelenskyy on Tuesday floated the notion that American companies would play a major role in rebuilding his country post-war. It’s one of many potential big markets for U.S. steel and aluminum that could be negotiated by a Trump administration after years of Ukraine enjoying exemptions to prior U.S. tariffs.
Read MoreCommentary: Trump’s Outside-the-Box Thinking Could Spark Supply-Side Revolution Not Seen Since Reagan
President Donald Trump is opening up new frontiers for wealth creation around the world. How so? By advancing the supply side.
A half-century ago, supply-side economics burst onto the national stage thanks to the energy and charisma of former Republican New York Rep. Jack Kemp. Back then, in a time of high inflation and slow growth, Kemp argued that tax-rate reductions would increase the supply of goods, as producers were incentivized to make more. So prices would be lowered as new jobs and profits were created.
Read MoreTrade War with U.S. Neighbors Would Increase Energy Costs on Both Sides of the Border, Experts Warn
President Donald Trump Saturday moved to impose tariffs on Canada and Mexico, hoping to pressure the countries to do more to control drug trafficking and illegal immigration into the U.S. Almost immediately after productive discussions with Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau Monday, Trump agreed to pause the sanctions for one month.
Negotiations are continuing, and Trump hasn’t offered certainties about the future of his proposed tariffs. Should negotiations break down, energy experts say the tariffs could have impacts on American energy, ranging anywhere from minor increases in gasoline and oil prices to serious impacts to American refineries.
Read MoreTrump Declares National Emergency at Northern Border
President Donald Trump on Saturday declared a national emergency at the U.S.-Canada border, citing an influx of human and drug smuggling coming from Canada presenting a national security threat to Americans.
He did so after a record number of illegal border crossers were reported entering the U.S. from Canada, the greatest number of known or suspected terrorists were apprehended coming from Canada, and northern border terrorist arrests soared under the Biden and Trudeau administrations, The Center Square first reported.
Read MoreTrudeau Announces Deal with Trump to Delay Tariffs
Canadian Prime Minister Justin Trudeau on Monday announced that he and President Donald Trump had reached an agreement to postpone 25% tariffs on Canadian goods in exchange for efforts to boost border security.
Read MoreTrump to Slap Mexico, Canada and China with Tariffs Saturday
President Donald Trump will be following through on his threat to hit Mexico, Canada and China with sweeping tariffs over complaints about illegal immigration and illicit drugs entering the U.S.
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