trade war

Bad News For Congressional Republicans-- Followed By More Bad News For Congressional Republicans

That tweet from the wee hours of Friday morning will be the GOP midterm campaign platform. I don't think Democrats are shaking in their boots. It's a single-minded Trump-base strategy-- something to appeal to the low-IQ people who go to his rallies for a night of entertainment and meaning. He must have been all worked up after his exhilarating rally in Great Falls, Montana.

Russia raises duties on US imports

Russian President Vladimir Putin is due to meet US President Donald Trump in Helsinki, Finland on July 16 but most of the talks will focus on the Syrian conflict [PPIO]
 
A week after resorting to the World Trade Organization in its complaint against US tariffs on Russian steel and aluminum, Moscow has raised its duties from 25 to 40 per cent on some US imports.
According to the Russian news agency TASS, Economic Development Minister Maksim Oreshkin said the rise was to compensate for more than $500 million loss in exports expected due to the US tariffs.

The Trade War Begins

(TFC) – The opening shots of the largest trade war in history were fired this morning at midnight EST. President Trump’s tariffs went into effect. “China is forced to strike back to safeguard core national interests and the interests of its people,” said the Chinese commerce ministry. China is expected to return fire by adding tariffs to […]

China didn’t start the trade war but will finish it

China has declared that if a trade war goes down between China and the United States, it won’t be at China’s volition or instigation, declaring that should it happen, it will be the fault of the Trump administration in Washington, D.C. The US has prepared a round of tariffs on Chinese imported goods worth some $34 billion to go into effect on July 6. At the same time, Beijing has prepared its response to the American action, and is set to respond with countermeasures of equal weight.

Europe to go it alone in trade war with US

As the Trump administration ramps up its trade war with its allies and trade partners, some of them seem to be reluctant to admit this new reality, refusing the formation of an alliance to combat Trump’s economic warfare at the World Trade Organization (WTO). China has proposed a sort of alliance with the EU to oppose Trump’s tariffs measures before the WTO, whereas the EU is of the opinion that this is not a necessary step, hoping that the situation can still be defused through strategic diplomacy.

Trump sends warning shot to Merkel: “That’s the big one” tariffs on cars (Video)

US President Donald Trump is threatening the EU with 20% tariffs on European cars in what would amount to a major escalation in a developing trade war.
Trump’s auto tariff threat comes after the European Union retaliates to US steel and aluminum tariffs.
POTUS Trump issued the warning on Friday as the EU imposed tariffs on a wide range of US goods ranging from Bourbon whiskey to motorcycles and playing cards.
The EU imposed the “rebalancing” charges in response to Trump’s 20% tariffs on European steel and aluminum.

Europe’s “Trump problem” hits code red levels as impending trade war looms (Video)

US President Trump is not only targeting China in his trade/tariff policy. The European Union, and specifically Germany, are the focus of a possible trade war that could cost each side $300 Billion in back and forth, retaliatory measures.
Trump went on Fox Business News “Sunday Morning Futures” to highlight how the German auto industry and EU farm industry are practicing in unfair trade policies.
The US President told Fox News’ Maria Bartiromo…