Is the White House Considering Easing Chinese Tariffs? The Stock Market Hopes So
Dow Jones skyrockets on news that Steve Mnuchin is leading behind-the-scenes effort to reduce tariffs on China.
Dow Jones skyrockets on news that Steve Mnuchin is leading behind-the-scenes effort to reduce tariffs on China.
And it's not a record low. That's fine, but it's not what the president said would happen.
Regardless of the president's Twitter bravado, this year has provided a painful lesson in how tariffs grow government and hurt the economy.
The Trump administration's response to a lawsuit challenging steel tariffs is a deeply un-conservative argument for greater executive power.
Today, the U.S. Court for International Trade will hear a challenge to the "national security" rationale Trump used to impose those tariffs in June.
New study argues the tariffs have boosted employment, but doesn't examine the costs of President Donald Trump's protectionism.
They are also sapping economic growth, reducing wages, and lowering employment. Winning!
Tuesday's tweets demonstrate that Trump still doesn't understand that Americans, not foreigners, are paying his tariffs.
The U.S. rose four places in the International Tax Competitiveness Index, and this just the latest bit of good news.
Saturday's deal seems to be a strategic retreat by the Trump administration.
Political finger-wags at the boardroom is a good sign that the lowly taxpayer is about to take it in the shorts.
Trump's rally promises won't happen because of Trump's trade policies
The Dow Jones has lost 500 points since President Donald Trump launched his trade war.
Dozens of business and trade groups say the ongoing steel and aluminum tariffs will "create impediments" to congressional passage of Trump's USMCA.
White House advisors are worried that "he could get impatient one day and force their hand like he did with the steel and aluminum tariffs."
Warren is criticizing a fundamentally unfair process, but only because she wants the outcomes to be slightly different.
The specter of mercantilism rises from the dead!
Nucor's stock price is down 16 percent since August. Executives say the fourth quarter will be even worse.
Trump suggests the tariffs are a fiction invented by CEOs, using the president as a scapegoat. But maybe he has a point?
Ford expects to lose $1 billion due to higher steel prices, while Caterpillar's stock dropped sharply this week after it said tariffs cost it $40 million.
But who, exactly, will be suffering?
The president's agenda hurts American consumers and businesses.
It's like trying to plunge lasagna out of your kitchen sink.
Tariffs on aluminum, silicone, and dyes are already causing pain for toymakers, and the prospect of additional tariffs is anything but fun and games.
Trump says tariffs aren't hurting the economy, new steel plants are opening up, and some stuff about Canada. It's all wrong.
Soybean prices have fallen as much as 30 percent since planting season, and harvest is fast approaching.
The GOP's willingness to follow Trump down an anti-trade cul-de-sac risks alienating voters who could be crucial on the margins of close races.
Walmart warns the Trump administration it may be forced to raise prices in response to tariffs.
The unseen consequences of the trade war matter as much as the more visible.
Chinese entrepreneurs worry that the trade war will "put them in the Communist Party's crosshairs," and make further market reforms politically difficult.
If Trump presses ahead with plans to tax all Chinese imports, the added costs would cancel out the economic benefits of last year's corporate tax cut.
The only goal of tariffs is to change consumer behavior. If consumers won't notice the costs, the tariffs have already failed. Or maybe Ross is lying.
The president's economic agenda is harming American businesses and consumers.
The president believes "TRADE IS BAD!" These firms would beg to differ.
The Chinese tariffs have clobbered the lobster market, with prices falling to two-year lows.
Building iPhones entirely in the U.S. would double or triple their retail prices. There's no way Apple is going to do that.
By making it harder for smokers to switch to vaping, the Trump administration's tariffs would strike a blow against public health.
"Why do you have these views [on trade]?" Gary Cohn reportedly asked Trump. "I just do," Trump replied.
In Utah, Texas, and elsewhere, construction costs for new homes are up by about 60 percent this year.
If only there was something he could do about those tariffs...
Another $16 billion in Chinese good are facing tariffs, but Trump wants more. Meanwhile, more signs say the trade war will slow economic growth.
A Colombian company is undercutting its U.S. competitors, who have been forced to raise their prices because of tariffs.
Trump is wrong about tariffs and so was Alex Hamilton.
Commerce Department now has 120 people working full-time deciding which businesses are exempt from tariffs.
American farmers have already fallen victim to Trump's trade war with China. Could Alaskan fishermen be next?
Reason is an independent, audience-supported media organization. Your investment helps us reach millions of people every month.
Yes, I’ll invest in Reason’s growth! No thanksEvery dollar I give helps to fund more journalists, more videos, and more amazing stories that celebrate liberty.
Yes! I want to put my money where your mouth is! Not interestedSo much of the media tries telling you what to think. Support journalism that helps you to think for yourself.
I’ll donate to Reason right now! No thanksPush back against misleading media lies and bad ideas. Support Reason’s journalism today.
My donation today will help Reason push back! Not todayBack journalism committed to transparency, independence, and intellectual honesty.
Yes, I’ll donate to Reason today! No thanksSupport journalism that challenges central planning, big government overreach, and creeping socialism.
Yes, I’ll support Reason today! No thanksSupport journalism that exposes bad economics, failed policies, and threats to open markets.
Yes, I’ll donate to Reason today! No thanksBack independent media that examines the real-world consequences of socialist policies.
Yes, I’ll donate to Reason today! No thanksSupport journalism that challenges government overreach with rational analysis and clear reasoning.
Yes, I’ll donate to Reason today! No thanksSupport journalism that challenges centralized power and defends individual liberty.
Yes, I’ll donate to Reason today! No thanksYour support helps expose the real-world costs of socialist policy proposals—and highlight better alternatives.
Yes, I’ll donate to Reason today! No thanksYour donation supports the journalism that questions big-government promises and exposes failed ideas.
Yes, I’ll donate to Reason today! No thanksDonate today to fuel reporting that exposes the real costs of heavy-handed government.
Yes, I’ll donate to Reason today! No thanks