Business

Democrats gilled Trump trade chief Jamieson Greer during a hearing before the House Ways and Means Committee on Wednesday, accusing President Donald Trump's administration of taking a "shoot first, then aim" approach to tariffs.Rep. Judy Chu, D-Calif., made the accusation during her questioning of Greer, and many Democrats expressed confusion about what President Donald Trump's goals are and how quickly they might be accomplished."I must point out that there are […]

The tariff tit-for-tat between the U.S. and China escalated again Wednesday, with President Donald Trump saying that he is immediately raising the tariffs on Chinese goods to 125% over Beijing’s "lack of respect" toward America, while pausing and lowering reciprocal tariffs on other countries."At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or […]

For decades, the use of tariffs was considered a smart economic move to protect American entrepreneurship and markets for domestic producers.They were in place as America surpassed Great Britain in the late 1800s and early 1900s as the preeminent nation and economy in the world.They were in place during the Roaring Twenties -- first by the Emergency Tariff Act of 1920 and then the Fordney-McCumber Act of 1931.LEGENDARY ECONOMIST SAYS […]

A Republican lawmaker questioning President Donald Trump’s trade liaison during a Senate Finance Committee hearing on Tuesday bluntly asked who would be at fault if the White House’s sweeping tariff strategy fails the United States."Whose throat do I get to choke if this proves to be wrong?" Sen. Thom Tillis, R-N.C., asked U.S. Trade Representative Jamieson Greer.Tillis told Greer that he previously worked in management consulting and that there was […]

The Trump administration's recent tariff announcements are a "seismic shift" to international trade policy, with the administration currently focused on addressing the trade deficit, which ultimately will have a cascading effect by bolstering U.S. jobs, cutting taxes for Americans and protecting the nation's supply chain, an administration official told Fox News Digital. Trump officials have offered a wide range of messaging to the public as to how President Donald Trump's "Liberation […]

Former Reagan economic advisor Art Laffer said Tuesday on "Varney & Co" that both the world and U.S. would see benefit from President Donald Trump’s tariffs and the trade negotiations that arise out of them. His appearance on "Varney & Co" came after he and Stephen Moore wrote an opinion piece titled "A Win-Win Exit Strategy for Trump on Tariffs" that was published Monday in the Wall Street Journal."The win-win strategy is […]

The White House is signaling that new tariffs on Chinese imports are taking effect after China's government missed a deadline to lift its retaliatory tariffs that were imposed in response to President Donald Trump's tariffs.White House press secretary Karoline Leavitt said Tuesday that because China declined to lift its retaliatory tariff, the president's additional 50% tariff levied on top of previously imposed tariffs of 20% and 34% took effect, bringing the total tariff […]

California’s almond industry is facing uncertainty amid the Trump administration’s recent tariffs as Gov. Gavin Newsom is advocating for foreign countries to exempt Golden State exports from any trade retaliation.The state’s almond exports amounted to nearly $4.66 billion in 2022, with the European Union, India, United Arab Emirates, China and Japan among the top recipients, according to a report from the California Department of Food and Agriculture (CFDA).FOX Business correspondent […]

While Wall Street reels from the latest market turbulence sparked by President Donald Trump’s global tariff standoff, two prominent economists say the president may be in a stronger position than many think."He’s gotten them [foreign nations] into a position where they’re going to lose their access to the U.S. market if they don’t redress these types of inequities that they’ve done," said Art Laffer, a former economic advisor to President […]