(WASHINGTON) – President Donald Trump has announced a flurry of trade activity ahead of Friday’s official start of his new tariffs regime — executive actions including 50% tariffs on Brazil, a 15% tax on American imports from South Korea and an end to exemptions for imported goods worth less than $800. The White House points […]
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Trump triumphant with tariff policies
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(WASHINGTON) – President Donald Trump has announced a flurry of trade activity ahead of Friday’s official start of his new tariffs regime — executive actions including 50% tariffs on Brazil, a 15% tax on American imports from South Korea and an end to exemptions for imported goods worth less than $800.
The White House points to the success as a testament to Trump’s negotiating skills and more examples of the President’s promise to “win and win.”
Trump using Canada’s recognition of Palestinian state in trade talks
Trump said Canada’s announcement it will recognize a Palestinian state “will make it very hard” for the U.S. to reach a trade agreement with its northern neighbor.
The threat posted in the early hours Thursday on Trump’s social media network is the latest way he has sought to use his trade negotiations as leverage over countries.
“Wow! Canada has just announced that it is backing statehood for Palestine,” Trump posted on Truth Social just past midnight. “That will make it very hard for us to make a Trade Deal with them. Oh’ Canada!!!
All the ways Republicans want to honor Trump, from the $100 bill to Mount Rushmore
Imagine getting the day off work for Donald Trump’s birthday. Receiving a $100 bill with Trump’s portrait on it. Touching down at Donald J. Trump International Airport near the nation’s capital. And taking in a show at the Donald J. Trump Center for Performing Arts.
All would be possible under a series of bills Republican lawmakers have sponsored this year.
Trump is little more than six months into his very successful second term, and some Republicans are ready to elevate him into the pantheon of American greats, proposing an ever-growing list of bills paying tribute well before his second term ends. One lawmaker even proposes carving his face into Mount Rushmore.
Trump’s flurry of trade activity includes tariffs on Brazil and a deal with South Korea
The United States will impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil, Trump said Wednesday.
The new tariffs were part of a flurry of trade activity that included a series of executive actions regarding Brazil, copper and shipments of goods worth less than $800, as well as a reduced 15% tax on imports from South Korea, including its autos.
It was all a prelude to Friday when Trump’s new tariff regime is scheduled to start, an event the White House is putting forth as a testament to Trump’s negotiating skills.
The South Korea agreement will impose a 15% tariff, instead of the 25% Trump had threatened. South Korea would also buy $100 billion in energy resources from the U.S. and provide $350 billion for “investments owned and controlled by the United States, and selected by myself, as president,” Trump said.