Focus: Trump’s Tariffs and the Trade Deficit

Trump to sign tariffs on Thursday but some countries could escape them – The New York Times

Trump blames trade deficit on past US presidents, “From Bush 1 to present, our Country has lost more than 55,000 factories, 6,000,000 manufacturing jobs and accumulated Trade Deficits of more than 12 Trillion Dollars”  – New York Post

Trump eyes another trade crackdown, a separate action related to China’s intellectual property practices could be unveiled soon – POLITICO

Trade war: Trump threatens to slap 25% tariff on European cars – usatoday.com

VIDEO: Trump’s remarks on the trade deficit, ‘When we’re down by $30 billion, $40 billion, $60 billion, $100 billion, the trade war hurts them; it doesn’t hurt us’  – CNN

More than 100 GOP House lawmakers sign letter objecting to Trump’s steel, aluminum tariffs – WSJ

Text of the House Republicans’ letter to the White House objecting to President Donald Trump’s tariffs – WSJ

 

Schumer: Trump must back down from ‘sweeping’ tariffs – TheHill

Trump finds some friends on tariffs: Red-state Democrats – POLITICO

U.S. Chamber of Commerce head warns of ‘increasing prospects of a trade war’, says tariffs would ‘directly harm American manufacturers, provoke widespread retaliation from our trading partners’ – washingtonexaminer.com

Gary Cohn says he will resign as Trump’s top economic adviser – The New York Times

VIDEO: U.S. Commerce Secretary Wilbur Ross on trade, tariffs – CNBC

‘Death by China’ economist Peter Navarro ascendant as Trump pushes tariffs, hits China – reuters.com

VIDEO: Peter Navarro discusses Gary Cohn’s White House exit, tariffs on imported steel and aluminum and trade war – YouTube

U.S. trade deficit surges to its highest level since 2008, has risen for five straight months – Chicago Tribune

U.S. international trade in goods and services – U.S. Bureau of Economic Analysis

CHART: United States balance of trade,1950-2018 – tradingeconomics.com

Why the U.S. trade deficit is worse than it seems, it is bigger if the booming US oil and gas exports are not counted – fidelity.com

U.S. Steel to reopen Illinois steel plant due to Trump steel tariff – usatoday.com

GM can offset tariff impact, but rising costs to hurt demand for cars – CNBC

GE could get rocked by Trump’s tariffs, the company makes jet engines, power plant turbines, trains and other heavy machinery that use plenty of steel and aluminum – CNN


China could target U.S. firms if Trump levies tariffs, group warns – The New York Times

The U.S. businesses at risk from trade war with China – Bloomberg

China leads charge against U.S. tariffs at WTO meeting – reuters.com

 

U.S. weighs taxing imports that could hit China manufacturers- Bloomberg

China searches for point person to manage relationship with Trump – ft.com

EU tells Trump to brace for retaliation over metal tariffs – Bloomberg

EU leader responds to Trump’s tariff plan: ‘We can also do stupid’ – MarketWatch

NAFTA: U.S. in a hurry to complete talks quickly, even if it means separate deals – constructconnect.com

Mexico Economy Minister: NAFTA must remain trilateral accord – VOA

Mexican auto production and exports are surging as NAFTA talks drag on – cnbc.com

To contact Bartolo email peaceloverblog[at]gmail[dot]com (replacing [at] with @, [dot] with .)

One Reply to “Focus: Trump’s Tariffs and the Trade Deficit”

  1. Cannot be trusted to be an ally? Did you watch him ? Did you hear the Q&A afterwards? He was quite clear Tariffs would be reciprocal & that the Steel Tariffs in particular would not hit those that pay their defense dues. It”s ok for the EU to stamp its feet & say the US can & can”t do this that & the other but the US can do what it likes it is a sovereign nation responsible for its own economy & the EU can”t force the US to subject its friends to the same tariffs it may impose against those that he believes aren”t “playing fair

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