MSNBC's Ali Velshi and CNBC's John Harwood tear apart Trump's trade war and explain why it is an idiotic fantasy that is going to harm consumers, workers, and the US economy.
Canada has retaliated in Trump's trade war by slapping $12.5 billion in tariffs 80 US produced products including steel, coffee beans, toffee, and maple syrup.
In Ottawa, the government of Prime Minister Justin Trudeau released a list of new items that will be subject to import duties beginning in July. The items on the list will be subject to new import taxes ranging from 10 percent to 25 percent of the value of the items. The expected taxes on the new items amount to an estimated $12.6 billion.
One thing lost in all the bad news for Donald Trump over the past week has been the looming trade war with China which has been called a “ticking time bomb” that is set to explode later this summer. However when it comes to the actual impact on people’s lives — especially millions of Trump voters — his tariffs and the trade war will be much more important than what happens on the Mexican border.
Commerce Secretary Wilbur Ross failed to divest himself from his private company holdings upon entering government, according to a new investigative report from Forbes Magazine.
After being nominated, Ross promised to divest from his investment holdings upon entering office. This earned him praise from senators in both parties, and he was easily confirmed.
Charles and David Koch have been the largest and most powerful financial backers of Republican candidates, but they will no longer support any candidate who supports President Donald Trump’s trade tariffs.
Donald Trump was so anxious to brag about “his” latest job growth and unemployment numbers that he broke the law by tweeting about them before they were announced officially by the U.S. government.
“In trying to land a blow on the Canadian timber industry, Trump may have knocked out the Western coal industry ... this could bring them to their knees.”
Trump makes a big deal of low economic growth in 2016 but that economic growth was growing in the last 3 months of the Obama presidency
Trump failed to get his Mexico-funded wall along the southern border, so now he's threatening a trade war with our allies to the north.
Trump represents a risk to international economic conditions, and U.S. policy predictability has diminished raising the prospect of sudden changes with potential global implications.
Trump’s economic plan will confer vast monetary gains on the very wealthiest Americans while leaving Trump’s electoral base further behind.
Another highly-respected organization has warned the world about the global threat of a Trump victory in November.