Tag: tariffs

U.S. Steelmakers Back Trump’s Tariff Plans amid Steep Foreign Competition

Daily Caller News Foundation
Trump and Steel Workers

Some U.S. steelmakers are supporting President-elect Donald Trump’s proposals to place tariffs on China, Mexico and other countries, according to The Wall Street Journal.

American steel companies are calling for Trump to reintroduce tariffs on steel from the U.K., Japan and the EU amid concerns of foreign competitors being involved in unfair market practices, according to The WSJ. Some U.S. steel executives were supportive of steel tariffs under the previous Trump administration, with some steelmakers saying the tariffs helped to boost profits, The WSJ reported.

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Virginia Gov. Glenn Youngkin Backs Trump’s Tariff Threat Against Mexico, Predicts ‘Extraordinary Economic Expansion in America’

Tom Pappert
Glenn Youngkin

Governor Glenn Youngkin on Tuesday confirmed he supports President-elect Donald Trump’s plans to impose new tariffs against Mexico to compel the neighboring nation to cut the flow of fentanyl over the southern border. Youngkin argues that Trump’s plans will ignite an expansion in manufacturing for Virginia.

Youngkin reportedly confirmed his support for Trump’s tariffs during a Tuesday press conference, as he provided an update on the commonwealth’s efforts to curtail fentanyl overdoses with Attorney General Jason Miyares.

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Trump’s Day One: A Look at His Opening Moves in the White House

Just the News

President-elect Donald Trump made a multitude of “day one” promises throughout the campaign to begin work on an array of issues, setting himself up for an extremely busy first day back in office.

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Commentary: Trump’s Tariffs Will Make America Great Again

Daily Caller News Foundation
Donald Trump

Elections have consequences, and those consequences are dire for free market dogmatists in the Republican Party.

The tariff debate is over. President Donald Trump won, and it is not even close. Americans overwhelmingly support efforts to punish countries like China for their unfair trade practices. Even President Joe Biden, who ran blatantly misrepresenting the Trump economic record, has kept the Trump tariffs on steel and aluminum in place.

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California U.S. Rep. John Duarte Unveils Plan to Rescue Bankrupt Farmers from China’s Economic Assault

Daily Caller News Foundation
Texas Farmer in field

Republican California Rep. John Duarte unveiled his plan to save American farmers from possible financial ruin due to long-standing Chinese tariffs in an exclusive interview Wednesday with the Daily Caller News Foundation.

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Tariff Proponents Say U.S. Needs Trade Fairness, but Critics Warn Costs of American Goods Will Rise

Just the News
Construction site

President Joe Biden held a press conference Tuesday extolling the tariffs on Chinese products — including steel, aluminum, electric vehicles, solar panels and semiconductors — he is rolling out. The president argued that China aggressively subsidizes the products America imports, which makes it difficult for U.S. businesses to compete.

“Back in 2000, when cheap steel from China began to flood the market, U.S. steel towns across Pennsylvania and Ohio were hit hard,” Biden said.

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Biden Says Americans Can Buy Any Car Despite His Administration Forcing EVs to Be Huge Share of Sales by 2032

Virginia Star Staff
President Joe Biden driving a car

President Joe Biden suggested Tuesday it is false that his administration is restricting consumer choice in the automobile market, but his administration recently finalized a rule that will force electric vehicles (EVs) to make up a much larger share of overall auto sales over the next decade.

Biden made the remark during a Tuesday speech about his administration’s decision to significantly bolster tariffs against Chinese products including steel, semiconductor chips and EV batteries. The Environmental Protection Agency (EPA) finalized a rule in March that requires manufacturers to make EVs constitute between 35 percent and 56 percent of new cars sold in 2032, according to CNN.

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Biden Jacks Up Tariffs on Chinese Electric Vehicles, Critical Minerals

Virginia Star Staff
BYD Chinese electric car

The Biden administration on Tuesday formally announced significant increases in tariffs targeting imports of electric vehicles (EVs) and other green energy technology from China.

The strengthened tariffs are designed to make it harder for cheaper Chinese green products, like electric vehicles, to flood the U.S. market and displace American companies, the White House said in its official announcement. Beyond EVs and critical minerals, the administration is also increasing tariffs on Chinese steel, computer chips, EV batteries and certain solar components.

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Report: US EV Manufacturing Faces ‘Extinction-Level Event’

The Center Square
Electric Vehicle Factory

An Alliance for American Manufacturing report called for tariffs to protect the U.S. electric vehicle market from an “extinction-level event” caused by Chinese competitors.

The report follows Chinese EV maker BYD, the world’s largest EV maker, releasing a $14,000 EV in February that could “demolish” domestic EVs, often $40,000 more expensive.

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Auto Executives: Chinese EVs Could ‘Demolish’ U.S. Production

The Center Square
BYD Electric Vehicle

Detroit placed the U.S. on wheels but if Motor City wants to go electric it faces fierce global competition.

Chinese electric vehicle maker BYD outsold Tesla in the fourth quarter of 2023. The foreign automaker said it produced more than 3 million new energy vehicles in 2023 compared to Tesla’s 1.8 million.

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Biden Looks to Tariffs to Bolster Struggling Electric Vehicle Market

Virginia Star Staff
Tesla Charging

The Biden administration is considering increasing tariffs on some Chinese products related to his green agenda, like electric vehicles (EV), in an effort to boost poor market demand and protect domestic industries, according to The Wall Street Journal.

Officials are considering setting higher rates on the already existing tariffs originally placed under the Trump administration, covering around $300 billion in Chinese goods, with Chinese EVs already having a 25% import tax, according to the WSJ. New tariffs could help domestic EV manufacturing, which has struggled with stagnant market demand, only rising from 3% in January to 4% in September of total vehicles sold in the U.S., while the share of EVs produced out of all vehicles has risen from 3% to 6% in that same time frame.

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China’s Low Standards, Tariffs, Forced Labor Threaten U.S. Food Security, Agribusiness Experts Say

Just the News

American grocery shelves are rapidly filling up with cheap canned food imported from China, displacing American producers’ goods and raising concerns about food safety and food security, U.S. trade associations and experts are saying.

According to the Can Manufacturers Institute (CMI), a trade association supporting manufacturers of cans for both food and non-food items and their suppliers, American producers are at a disadvantage because they have to pay U.S. steel tariffs, which do not extend to finished Chinese-produced canned foods.

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Americans Support Trump’s China Tariffs as Republican Senators Push to Remove Them

Virginia Star Staff

As GOP senators seek to roll back former President Donald Trump’s tariffs on China now that he’s out of office, polling indicates Americans want to keep the harsh policies in place.

“For decades, Congress cut tariffs without much thought. But we cannot continue to do that when it comes to products made in China,” Republican Florida Sen. Marco Rubio told the Daily Caller News Foundation in a statement. “We should do everything possible to move supply chains out of China, but this so-called ‘China bill’ is actually subsidizing manufacturing in Communist China. It’s ridiculous.”

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Biden Loosens Trump Tariffs on Solar Panels Despite Labor Unions’ Pleas

Virginia Star Staff

President Joe Biden loosened tariffs placed on solar panel imports by the Trump administration Friday, paving the way for Chinese companies to produce more panels for American consumers.

Biden issued a proclamation Friday morning, increasing the tariff-rate quota on solar equipment, or the amount of solar panel components Chinese manufacturers can send to the U.S. before receiving a penalty. The action means Chinese solar cell makers may send up to 5 gigawatts (GW) of capacity, double the previous amount of 2.5 GW, to the U.S. before being hit with a levy.

The White House action also exempts bifacial solar panels, or panels that absorb sunlight from both sides. Such panels, which are increasingly common, are often used in industry-scale projects and are believed to be the “future of the industry.”

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As President Trump’s Successes with Trade Grow, Globalist Republicans’ Grip on ‘Free Trade’ Orthodoxy Slips

Admin

by Michael Noyes   Eight hours before the first polls closed on November 8, 2016, the late Charles Krauthammer appeared on Fox News and made a prediction. Should Trump win, he said, it would “irreversibly” change the Republican Party. “Particularly the most obvious issues will be immigration and trade,” Krauthammer…

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While Know-It-Alls Lecture on Tariffs Against China, Trump Dials Up New Trade Deals with UK, Europe and Japan

Admin

by Robert Romano   While President Donald Trump continues to bring the pressure to China, so far with 10 percent tariffs on $200 billion of Chinese goods shipped to the U.S., rising to 25 percent in Jan. 2019, which comes atop another 25 percent tariff on $50 billion of goods…

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Contrary to Nervous Nellie ‘Economic Experts,’ the Trump Economy is Booming with Elevated Aluminum and Steel Prices

Admin
Donald Trump

By Robert Romano   One of the conventional wisdoms to do with the tariffs and duties levied by the Trump administration on steel, aluminum and lumber is that they will lead to higher prices and inflation, hurting producers and consumers, thus stunting economic growth. For example, billionaire Charles Koch warned on July…

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Globalist Sen. Lamar Alexander Bemoans President’s ‘Shot to the Foot’ From Tariffs

Jason M. Reynolds
Lamar Alexander

Sen. Lamar Alexander (R-TN) bemoaned President Trump’s “shot to the foot’” over tariffs on Fox News’ Journal Editorial Report. Tennessee’s senior senator, praising globalism, introduced the Automotive Jobs Act of 2018 Wednesday to delay the tariffs. He said, “Zero tariffs is exactly the right policy.” He also called for an…

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Bob Corker Attacks Trump with Likely Pointless Gesture in DC While POTUS is Traveling Overseas

John Bryant
Bob Corker

If you ever wondered how low Sen. Bob Corker (R-TN) might go in trying to disrupt President Trump’s agenda on negotiating better trade deals, yesterday may have provided the answer. Fox News‘ Chad Pergram took  to Twitter to cover the outgoing Senator Corker’s effort to create additional problems for President…

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Marsha Blackburn Praises President Trump’s Selection of Brett Kavanaugh for SCOTUS, Phil Bredesen Silent on the Pick

John Bryant
Marsha Blackburn, Brett Kavanaugh, Phil Bredesen

Rep. Marsha Blackburn (R-TN-07), the GOP candidate to replace retiring Sen. Bob Corker (R-TN) in the November general election, led Tennessee Republicans on Monday evening in praising President Donald Trump and his nominee for justice to the U.S. Supreme Court, federal appeals court judge Brett Kavanaugh. “Judge Brett Kavanaugh will…

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Big Business and GOP Fighting Trump on Tariffs, But Will it Work, Or Is It All Just Talk?

John Bryant
Donald Trump

Per Vox, Big Business and the GOP establishment are  teaming up to undermine President Trump’s America First agenda. Unsurprisingly, the effort is being led by The US Chamber of Commerce and is supported by many Senate Republicans. The largest business lobbying group in America is declaring war on President Donald Trump’s…

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Globalist Phil Bredesen Cuts Commercial Attacking President Trump on Tariffs

John Bryant
Phil Bredesen

Chuck Schumer’s hand-picked Tennessee Democratic U.S. Senate candidate Phil Bredesen went after President Donald Trump’s tariffs in a new television ad, “saying they hurt the state’s auto industry, farmers and exports like Jack Daniel’s whiskey,” according to this report. This may be the first time Bredesen has taken on Trump…

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Corker Won’t Quit Undermining Trump On Trade Negotiations

John Bryant
Mike Pence, Donald Trump, Bob Corker

According to a report by The Hill, outgoing Sen. Bob Corker (R-Tenn.) is pressing the Trump administration for details on the implementation of tariffs on steel and aluminum imports. As chairman of the Senate Foreign Relations Committee, Corker seems intent on making President Trump’s negotiating strategy as difficult as possible,…

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Lamar Alexander Sides With Corker Over Trump on Tariffs

John Bryant
Lamar Alexander

SuperTalk 99.7 WTN veteran broadcaster Brian Wilson, host of Nashville’s Morning News, interviewed Tennessee Senator Lamar Alexander today, who made it very clear he sides with outgoing Senator Bob Corker over President Trump on the tariff issue. The two men also discussed the recent Inspector General’s report, which was highly critical…

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Corker Tries to Undermine Trump Again, Says President is Damaging Relationships With Friends

Jason M. Reynolds
Bob Corker

U.S. Sen. Bob Corker (R-TN) is criticizing President Donald Trump once again, media outlets report. Fox News’ Congressionis al reporter Chad Pergram tweeted Tuesday, “Senate Foreign Relations Cmte chair Corker on Trump: I think there is no questions that we are damaging relationships with very close friends..it’s unnecessary..I don’t understand…

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