Mark Cuban slammed former President Donald Trump on Thursday over tariffs he proposed for John Deere should he win the election. Trump, who has previously pledged to impose tariffs on foreign-made products from China and other countries in a proposal that several economists have warned about, threatened the agricultural equipment company Monday with a 200% … Read more
Republican presidential candidate Donald Trump threatened on Monday to impose high tariffs on imports if he is elected, regardless of whether Congress could pass them or not. “Number one, I don’t need them. I don’t need Congress, but they’ll approve it,” Trump said at an agriculture-themed campaign stop in Smithton, Pennsylvania. “I’ll have the right … Read more
Mark Cuban joined a number of critics who mocked Donald Trump on Saturday after the Republican presidential nominee’s false claim that imposing tariffs doesn’t “affect our country.” The former president, in a meandering speech at a campaign rally, pledged to impose tariffs on foreign-made products from China and other countries in order to bring jobs … Read more
Former President Donald Trump and his newly selected running mate, Sen. JD Vance of Ohio, got all the attention Monday on the opening night of the Republican National Convention in Milwaukee. But the official theme for the evening was the economy ― something that Republicans hope to keep making a focus of the campaign. The … Read more
Canada is weighing whether to slap tariffs on Chinese-made electric vehicles to stop cheap EVs from flooding the market. But Ottawa – which has pumped billions of dollars worth of subsidies into the Canadian EV industry – says its concerns are not only economic. “We’re also looking at the national security aspect of this; the … Read more
Treasury Secretary Janet Yellen criticized former President Trump after he suggested replacing some of the United States’s income taxes with higher tariffs on imports to make up for lost revenue. The former president outlined his idea during a meeting with Republican lawmakers on Capitol Hill last week. Yellen joined ABC’s “This Week” on Sunday, where … Read more
(NewsNation) — Eliminating income taxes and shifting to an “all-tariff policy” would leave roughly a $2.1 trillion gap in government revenue, making daily costs skyrocket in turn, according to financial experts. Former President Donald Trump proposed an “all-tariff policy” that would eliminate income tax during a private meeting with Republican lawmakers in Washington, D.C., on Thursday. Stock market … Read more
A former U.S. ambassador to Canada is urging Ottawa to join the U.S. and the EU in placing tariffs on Chinese electric vehicles amid concerns Beijing’s government subsidies are flooding the international market with cheaper cars. On Wednesday, the EU threatened to impose tariffs up to 38 per cent on imported Chinese EVs starting on … Read more
Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops. Will China retaliate with tariffs on European cars, taking aim at German makers such as BMW and Mercedes? Would it put tariffs on agricultural products, targeting Europe’s politically influential farmers? Or luxury goods from … Read more
For the first two decades of the 21st century, many consumer products on America’s store shelves got less expensive. A wave of imports from China and other emerging economies helped push down the cost of video games, T-shirts, dining tables, home appliances and more. Those imports drove some American factories out of business, and they … Read more
