International

DEVELOPING: Stock Market on Edge as China Unveils New Tariffs on US Goods

posted by Hannity Staff - 5.13.19

The US stock market was rattled Monday morning after China unveiled more than $60 billion on American-produced goods; announcing the new taxes after trade negotiations with the Trump administration stalled in recent days.

“After trade talks broke up later in the day, U.S. officials said they were preparing to expand those tariffs to cover another $300 billion of goods, covering most imports from China,” reports Fox News. “The back-and-forth between the two nations is wreaking havoc in global equity markets, with some investors speculating that a deal may not happen at all.”

“I say openly to President Xi & all of my many friends in China that China will be hurt very badly if you don’t make a deal because companies will be forced to leave China for other countries. Too expensive to buy in China. You had a great deal, almost completed, & you backed out!” posted the President on social media.

Read the full report here.

BUCKLE UP! Bernie Sanders RIPS Joe Biden’s Policy Towards China Trade, Manufacturing Jobs

posted by Hannity Staff - 5.02.19

Vermont Senator Bernie Sanders directly attacked his top competitor for the Democratic nomination Thursday; saying Joe Biden’s policy towards China and manufacturing jobs is just “wrong.”

“Since the China trade deal I voted against, America has lost over 3 million manufacturing jobs. It’s wrong to pretend that China isn’t one of our major economic competitors. When we are in the White House we will win that competition by fixing our trade policies,” posted Sanders on social media.

Sanders’ comment is referring to Biden’s statement at a stump speech in Iowa this week, saying “China is going to eat our lunch? Come on, man.”

AMERICA FIRST: The President Labels Himself ‘TARIFF MAN,’ Warns Those Seeking to ‘Raid our Nation’

posted by Hannity Staff - 12.04.18

President Trump doubled-down on his widespread use of trade tariffs to improve the US economy and the American manufacturing base Tuesday, saying he is a “tariff man” after reaching a 90-day “truce” with China.

“I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN,” tweeted the Commander-in-Chief.

“But if a fair deal is able to be made with China, one that does all of the many things we know must be finally done, I will happily sign. Let the negotiations begin. MAKE AMERICA GREAT AGAIN!” he added.

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