Tariff Troubles: Canada Retaliates While GM Announces Job Cuts Ahead

On Friday Canada announced retaliatory tariffs against the United States while General Motors announced that Trump’s new tariffs would cause job cuts in the near future.

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. read more

The Ticking Time Bomb of Trump’s Tariff Trade War Is About to Explode

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. read more

Wilbur Ross Lied to Congress and Still Owns Companies With China

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. read more