Commentary: Tariff Hawks Got It All Wrong When They Predicted ‘Another Great Depression’ from Trump’s America-First Trade Policies

Donald Trump

by Robert Romano   In 2016, when President Donald Trump ran on his America first trade agenda, much of the conventional wisdom was that, if implemented, his tariffs would wreck the U.S. economy. It would have the same impact as the 1930 Smoot-Hawley Act, and so the prediction goes, lead to…

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Ohio Manufacturer Says Tariffs Have Brought ‘Growth’ and ‘Opportunities’ to Businesses

  MSNBC went to Ohio over the weekend to examine the impact of tariffs (separate from the Chinese tariffs) on businesses and retailers in the area. Glen Fish, CEO of Revere Plastics Systems, said that “since the tariff activities have kicked in, it has been a benefit for us.” “We’ve…

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Commentary: China Left Trump with Little Choice but to Put 25 Percent Tariffs on $200 Billion of Goods

by Robert Romano   Just when it appeared that a new trade agreement with China was being finalized last week, Beijing abruptly attempted to change all the terms of the deal and walk back prior concessions that had been made to head off President Donald Trump’s threat to increase tariffs…

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New Tariffs on Chinese Products Go into Effect

  The United States has increased tariffs from 10 percent to 25 percent on $200 billion worth of Chinese imports. China on Friday said it “deeply regrets” the increased tariffs and will take the “necessary countermeasures” without giving any details. The increases are going into effect amid talks between Chinese…

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Commentary: America Needs Big, Beautiful Tariffs

by Spencer P. Morrison   Jonah Goldberg writes that President Trump supports tariffs because he is “truly ignorant of some of the most basic” economic principles—or he is “deceiving the public” to push a hidden agenda. Let’s not mince words: Goldberg’s implication is that Trump is either stupid or evil…

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Detroit Auto Show, and Industry, Prepare for Transition

The auto industry gathered in Detroit on Sunday, on the eve of the last winter edition of North America’s premiere auto show, as carmakers grapple with a contracting market and uncertainty in the year ahead. Concerns over the health of the global economy and a US-China trade war loomed over…

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Commentary: Contrary to Some Conservatives’ Slavish Devotion Free Trade Dogma, Trade Deficits Do Matter

by Spencer P. Morrison   Steve Hanke recently set out to prove “why President Trump’s trade message and protectionist policies are rubbish” in a Forbes article. Instead, the Johns Hopkins University economist exposed himself as a word-mincing, logic-twisting sophist – just like every other intellectual mercenary associated with the faux-libertarian propaganda mill that is the…

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Trump Team Holds China’s Feet to the Fire on Trade Negotiations

Donald Trump, Xi Jinping

by Jason Hopkins   As the Trump administration continues trade negotiations with China, the U.S. delegation is taking additional steps to make sure the Communist country follows through on its pledges. U.S. and Chinese officials met Monday in the Commerce Ministry in Beijing to begin their two-day trade negotiations. The…

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GM’s Mass Layoff Includes Eliminating a Hybrid Car Obama Once Championed

by Chris White   General Motor’s decision to restructure and layoff thousands of employees Monday includes eliminating a hybrid vehicle former President Barack Obama once called the car of the future for the Detroit company. GM said Monday that it will cut roughly 14,000 people in North America and will idle factories…

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