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Bessent: China Escalation ‘Big Mistake,’ Playing a ‘Losing Hand’
Treasury Secretary Scott Bessent said Tuesday on CNBC’s “Squawk Box” that China’s escalation of tariffs is a “big mistake” because it is playing a “losing hand.”
Bessent said, “If we put up a tariff wall, the ultimate goal would be to bring…
Donald Trump to Hit China with 104% Tariffs as Xi Jinping Refuses to Halt Retaliatory Tariffs
President Donald Trump will slap 104-percent tariffs on China at midnight Tuesday, April 8, after President Xi Jinping refused to withdraw retaliatory tariffs placed on the United States.
Last week, Trump announced reciprocal tariffs on…
Rahm Emanuel: ‘Can’t Get Tariffs High Enough’ on China, They Steal and Spy
On Monday’s broadcast of CNN’s “AC360,” CNN Senior Political and Global Affairs Commentator, former U.S. Ambassador to Japan, former Chicago Mayor, and former Obama Chief of Staff Rahm Emanuel stated that “you can’t get tariffs high enough…
China Vows to ‘Fight to the End’ as Trump Threatens 50% Tariffs
China vowed to “fight to the end” after President Donald Trump threatened to impose a 50 percent duty on imports if Beijing does not withdraw the retaliatory 34 percent tariff it imposed on American products last week.
China’s Commerce…
How Trump’s Antitrust Agenda Can Tackle Some Of America’s Biggest Problems
In its first months, the Trump administration’s competition policy is off to a fast start. Its antitrust enforcers have disavowed expansive rulemakings and prioritized growth to reduce the national debt. As it settles, the…
Trump Threatens China with Additional 50% Tariffs for Imposing Retaliatory Tariffs on U.S.
President Donald Trump is threatening China with additional 50-percent tariffs in response to President Xi Jinping’s announcement that the communist country would impose retaliatory tariffs on the United States.
Last week, during a…
China Cuts Off Rare Earth Mineral Exports to U.S. in Trade War with Trump
China’s retaliation against President Donald Trump’s tariffs includes more export controls on rare earth minerals, which are vital to electronics and battery manufacturing.
The Chinese government said over the weekend that it will maintain…
Coons: Tariffs on ‘Dirty Steel from China and Russia’ Would Level Playing Field
On Friday’s broadcast of NewsNation’s “On Balance,” Sen. Chris Coons (D-DE) argued that if there are tariffs imposed “on dirty steel from China and Russia, then we’d be leveling the playing field. So, I don’t necessarily think tariffs are…
U.S. Wants NATO and Canada to Spend 5 Percent of GDP on Defense
U.S. Secretary of State Marco Rubio asked allied foreign ministers gathered in Brussels on Thursday to increase their defense spending to five percent of their gross domestic products (GDP) – a very substantial increase for most members of…
China Imposes 34% Tariff on All U.S. Imports
China announced on Friday that it will impose a 34 percent tariff on all U.S. goods in retaliation for President Donald Trump’s “Liberation Day” tariffs on Wednesday. The Chinese tariff hike is scheduled to take effect on April 10.
The…
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