International

AMERICA FIRST: Trump SLAMS China with $60 Billion in Trade Tariffs

posted by Hannity Staff - 3.22.18

The Trump administration announced crippling new trade tariffs against China this week, targeting one of America’s major trading partners with over $60 billion on foreign-produced goods.

According to CNBC, President Trump signed the executive order in the White House Thursday afternoon, saying the new tariffs were “the first of many” as America struggles to shrink its massive trade deficit.

US Trade Representative Robert Lighthizer is set to publish a highly-anticipated report in two weeks; detailing over 1,300 product lines impacted by the new import tax.

“The challenge for every president is how to do it in a way that doesn’t punish Americans for China’s misbehavior,” said Chairman of the House Ways and Means Committee. “So, you’ve really got to narrow these and target these.”

The new tariff’s come as the Trump administration announced a massive tariff on steel and aluminum; charging foreign-producers a 25% import fee for access to American markets.

AMERICA FIRST: Trump Announces STEEL IMPORT TARIFFS

posted by Hannity Staff - 3.01.18

President Trump unveiled stiff import tariffs on steel and aluminum Thursday, making good on his campaign promise to rebuild American industry in the face of cheap and unregulated foreign goods.

The President announced the new trade guidelines during a meeting with industry experts, many of whom told the President it was nearly impossible to compete with underpriced metals flowing into the country from Asia.

“What’s been allowed to go on for decades is disgraceful,” Trump told industry leaders. “And when it comes to a time when our country can’t make aluminum and steel, and somebody said it before and I will tell you, you almost don’t have much of a country. Because without steel and aluminum, your country is not the same. We need it. We need it even for defense.”

“We need great steel makers. Great aluminum makers for defense. So, we will probably see you some time next week. We will be signing it in. You have protection for the first time in a long while and you are going to regrow your industries. That’s all I’m asking. You have to regrow your industries,” added the President.

Watch the President’s comments above.

BRING IT ON: President Trump Says US Would ‘EASILY WIN’ Any Trade War

posted by Hannity Staff - 3.02.18

President Trump reassured the American public Friday that the United States would “easily win” a trade war with China or any other nation; easing concerns after he announced dramatic new tariffs on foreign-produced steel and aluminum.

The President slammed his predecessors’ decisions on trade and manufacturing on social media, saying a vibrant steel industry was vital to the national security of any nation.

“When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!” Trump tweeted.

“When a country Taxes our products coming in at, say, 50%, and we Tax the same product coming into our country at ZERO, not fair or smart. We will soon be starting RECIPROCAL TAXES so that we will charge the same thing as they charge us. $800 Billion Trade Deficit-have no choice!” he added.

The President’s comments come hours after he suddenly announced the new tariffs during a meeting with industry leaders, telling the executives “You have protection for the first time in a long while and you are going to regrow your industries.”

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