Tariffs Archives ⋆ MICHAELANTONIO MEDIA
Breaking News Politics 

Globalist Alliance: Business Lobby, GOP Unite to Strip Trump of Tariff Powers

An alliance between globalist donors and pundits, the big business lobby, and a handful of Republican lawmakers are uniting to attempt to strip President Donald Trump of his powers to implement tariffs to protect American jobs and U.S. industry from unfair, foreign competition. Rep. Mike Gallagher (R-WI) has introduced the Bicameral Congressional Trade Authority Act in the House while GOP Senators like Pat Toomey (R-PA) and Ben Sasse (R-NE) have introduced similar legislation in the Senate that would force Trump’s national security tariffs to be approved through Congress — where Republicans…

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Breaking News Politics 

Pollak: What Trump Should Say in the State of the Union Address

President Donald Trump will deliver the State of the Union address to a special joint session of Congress on Tuesday evening. I canvassed Breitbart editors and reporters, and this is what they believe Trump should say. – The Wall Is Everything, and Democrats Only Oppose It Because of Politics — Not Because They Disagree. Trump will give his speech while Congress is still negotiating over border security — with just ten days left before the Feb. 15 deadline, after which the government will shut down again. A wall — or…

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Breaking News Politics 

China Trade Meeting Still on Contrary to Report, Says White House Official

D.C.-based trade meetings with China’s top economic official are still on for the end of the month, a White House official said, refuting reports Tuesday they were called off. “There’s no cancellations, none. zero. Let me just try to put that to rest,” National Economic Council Director Larry Kudlow said as he briefed reporters at the White House late Tuesday. Kudlow was addressing an afternoon report that the meetings were off.  On meetings with Chinese officials, Kudlow says “there’s no cancellations, none. zero. Let me just try to put that…

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Breaking News 

China’s Economic Growth Slumps to Slowest Pace Since 1990

China’s economic expansion last year slumped to its slowest pace in 28 years as the country came under pressure from the Trump administration’s tariffs. China announced Monday that its economy grew 6.6 percent, the slowest pace since 1990. The year prior, China’s economy grew at a 6.8 percent rate, revised down from 6.9 percent earlier. The slowdown was expected by economists. In fact, investors in Asian stocks appeared to be relieved it was not even worse than forecast, bidding up share prices after the announcement. Industrial output grew 5.7 percent…

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Breaking News Politics 

Watch– Rep. Matt Gaetz: Republicans, Democrats Have Been ‘the Valets’ for Multinational Corporations

Rep. Matt Gaetz (R-FL) says past Republican and Democrat presidents have been “the valets” for multinational corporations and business lobbyists with their support for job-killing multilateral free trade deals. During an interview on Fox News’s Lou Dobbs Tonight, Gaetz called out former Republicans and Democrats who have allowed the big business lobby, Chamber of Commerce, and corporations to dictate U.S. trade policy. Gaetz said: Well, this president will take [the business lobby] on. The difference is that presidents that are Republican and Democrat in the past have been the valets for…

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Breaking News Politics 

Mnuchin Blinks: Proposes Lifting China Tariffs Immediately, According to Report

Treasury Secretary Steven Mnuchin has proposed lifting all or some of the tariffs on China, the Wall Street Journal reported on Thursday. Treasury officials have advocated lifting tariffs on Chinese imports to “give Beijing a reason to make deeper concessions in ongoing trade talks between the two countries,” the Wall Street Journal reported, citing people close to the matter. That would be a sharp reversal of the administration’s earlier stance. The tariffs were put on Chinese goods in the first place to give Bejing an incentive to make concessions to U.S. demands…

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Breaking News Politics 

China Cracks: Manufacturing Sector Contracts for First Time Since Trade War Began

The trade war appears to be hurting China more than expected. China’s private manufacturing sector contracted in December, according to a survey released Wednesday. The Caixin manufacturing purchasing managers’ index, which mainly tracks private factories, fell to 49.7 in December from 50.2 in November. Any reading below 50 indicates a contraction. The private PMI has been above 50 since May of 2017. The purchasing managers’ data comes just two days after China’s official purchasing manufacturing index, which is mainly based on state-owned businesses, fell to 49.4. That was the first contraction…

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Breaking News Politics 

Analyst: Outsourcing American Jobs Responsible for GM Layoffs, Not Tariffs

The multinational corporate business model of outsourcing and offshoring Americans’ jobs overseas to cheap labor foreign countries is responsible for General Motors’ (GM) recently announced mass layoffs of American workers, a trade analyst says. Coalition for a Prosperous America Research Director Jeff Ferry details in new analysis that the recent announcement by GM to lay off 14,700 workers in North America — including 3,300 American factory workers — is the end result of the corporation’s outsourcing business model. In 2019, GM expects to stop production at four American plants, including Detroit-Hamtramck and…

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Breaking News Politics 

Study: Trump’s Aluminum Tariffs Creating Thousands of American Jobs

President Trump’s ten percent tariffs on imported aluminum have brought the domestic aluminum industry and American jobs roaring back in the economy, new research reveals. Research by the Economic Policy Institute’s (EPI) Robert E. Scott finds that since Trump implemented the aluminum import tariffs, primary aluminum producers are on track to create 1,075 American jobs and downstream producers are to create more than 2,000 jobs in the industry. During years of lawmakers protecting the free trade status quo, between 2010 and 2017, a total of 18 of 23 aluminum smelters…

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Breaking News Politics 

Ortiz: Trump’s Trade Triumphs–Trade War Truce, Deals for Farmers, Prices for Consumers

Rocky financial markets, driven largely by Federal Reserve uncertainty and President Trump’s aggressive tariff negotiation strategy, shouldn’t overshadow two trade victories at the recent G20 Summit. Trump and his Chinese counterpart Xi Jinping negotiated a trade war truce. Trump agreed to delay raising tariffs on $200 billion worth of Chinese imports to 25 percent in return for Chinese promises to purchase more American agricultural, energy, and industrial exports and reduce the trade deficit. This ceasefire is double victory for Americans. The most obvious winners are the farmers who have seen…

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