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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.
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.”
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.
President Joe Biden won plaudits on social media for his response to former President Donald Trump as the pair clashed over a crackdown on Chinese imports to protect American manufacturers.
President Biden on Tuesday slammed Donald Trump’s record on trade policy as he imposed a full 100 per cent tariff on Chinese-made electric vehicles and imposed or increased tariffs on a wide range of Chinese-made goods in an effort to prevent them from flooding US markets.
President Joe Biden vowed to prevent US Steel from being acquired by a Japanese competitor and said he could soon triple tariffs on Chinese-made aluminium and steel imports if an investigation finds that the Chinese government is still engaging in anticompetitive practices to bolster its state-subsidised industries.
Donald Trump likes to say he created the strongest U.S. economy in history. But the centerpiece of his plans for a second term — tariffs on imported goods, especially those from China — runs the risk of bringing the U.S.′ currently robust economy to a screeching halt, and possibly the world’s, as well.
Three Senate Democrats from auto manufacturing states on Thursday urged the Biden administration to hike import tariffs on Chinese electric vehicles to address national security risks, the latest push by lawmakers to protect the U.S. auto sector.