Discover and read the best of Twitter Threads about #Tariffs

Most recents (17)

1. #News ~ BOOM! Joe diGenova: For the 1st Time I Believe These Guys are Going to Jail. This is Big Time! Brennan & Comey Needs 5 Attorneys -VIDEO thegatewaypundit.com/2019/05/boom-j…

#Trump #Qanon #WWG1WGA @realDonaldTrump #Spygate
#ItsHAPPENING #JusticeComing #SOON #ReleaseFISA #TickTock
2. #News ~ 3 Florida radio stations plan to air President Trump speeches every hour, every day until 2020 election foxnews.com/politics/3-flo…

#Trump #Qanon @realDonaldTrump #WWG1WGA
#MAGA #KAG #Trump2020
3. #News ~ 20 House Democrats plan marathon public reading of 448-page Mueller report; 'It's not a ploy,' lawmaker insists foxnews.com/politics/democ…

#Trump #Qanon #WWG1WGA @realDonaldTrump #Spygate
#ReleaseFISA #TickTock
Read 101 tweets
1. #News ~ President Trump blasts Democrats' declaration of constitutional crisis as 'PATHETICALLY UNTRUE' foxnews.com/politics/trump…

#Trump #Qanon @realDonaldTrump #WWG1WGA #WALKAWAY
#Trump2020 #WINNING #MAGA #KAG
2. #News ~ Sen. Tom Cotton gives a glimpse of Arlington National Cemetery through the eyes of the Old Guard video.foxnews.com/v/603599886300…

#Trump #Qanon @realDonaldTrump #WWG1WGA #Military
#History #Respect #Honor #Vets #Veterans #Salute
3. #News ~ Exclusive: Acting Defense Secretary Patrick Shanahan talks securing the border, handling North Korea and China video.foxnews.com/v/603599625100…

#Trump #Qanon @realDonaldTrump #WWG1WGA
#Trump2020 #WINNING #MAGA #KAG
Read 104 tweets
Leading economists and industry experts have long criticized Trump’s approach to trade, pointing out that tariffs are ultimately a tax on American businesses and consumers.

newsweek.com/trump-kudlow-a…
The White House's top economic adviser has admitted US businesses will suffer from #tariffs on Chinese goods, contradicting US President Donald Trump's widely denounced claim that it would only be China that pays.

aljazeera.com/amp/news/2019/…
And there are signs that things could soon get even worse: The Trump administration is considering upping tariffs on all of China’s remaining imports — about $300 billion worth of products.

vox.com/platform/amp/2…
Read 3 tweets
Economists estimate trump's #TradeWar w/ China has already cost U.S. companies & consumers $19.2 billion.

Now U.S. retailers, to avoid drastic price increases in the U.S., purchase products from Tawain, South Korea, Vietnam, & Mexico (thread)
#economics

reuters.com/article/us-usa…
The trump #TradeWar is making #Vietnam a winner-- as "exports rose 12.4% in the 2nd half of 2018...outpacing the five biggest economies in SE Asia"

And co's like Xuan Hoa Vietnam Joint Stock Co. (furniture) have shifted operations from China to Vietnam.

bloomberg.com/news/articles/…
Tawainese companies are also moving out of China to invest in their home country, making #Tawain a winner in the #TrumpTradeWar

#economics

taiwannews.com.tw/en/news/3679587
Read 11 tweets
Going after #Trump? Evidence from the #tradewar. This is a brief thread describing a new paper that it is joint work with Carlo Schwarz @Warwick_Econ PhD student (going on the market this year). The paper circulates as @cepr_org - ungated WP ssrn.com/abstract=33490…
The question we ask is quite simple: were the retaliation measures triggered by China, the #EU, and the #NAFTA against Trump's tariffs politically targeted? We study the trade escalation triggered by US steel tariffs and various #Section301 #tariffs.
Interestingly, this is the first trade dispute in a long time that actually escalated to that level. The last case that came close was also the case of steel tariffs in the early 2000s -- but then retaliation measures, while being threatened, were never triggered as US caved in.
Read 13 tweets
👇
Trump mentions tariff debate of 1880’s. Also a time of backlash against Rockefellers, Morgans, Vanderbilts, etc from railroad & other monopolies. Trump then said that in 1913 they just did away with tariffs.

*** The Federal Reserve was created in 1913 by those folks. ***
Wikipedia:
“Tariff policy was the principal issue in the election, as Cleveland (D) had proposed a dramatic reduction in tariffs, arguing that high tariffs were unfair to consumers. Harrison (R) took the side of industrialists and factory workers who wanted to keep tariffs high.”
Read 8 tweets
🇨🇳 #CHINA Q3 GDP Y/Y: 6.5% V 6.6%E (slowest growth since Q1 2009)
*NBS spokesman Mao Shengyong said that the international situation was bringing “downward pressure” on China.
*Link: bloom.bg/2RVX1ZA
🇫🇷 🇪🇺 🇨🇳 French tire maker Michelin warned of declining sales in Europe and #China in the second half of the year, dragging down shares of its competitors in the U.S. and Europe - Bloomberg
*Statement: bit.ly/2EujhqH
🇺🇸🇨🇳🇪🇺 In a volley of filings, the EU, #China and the U.S. this week escalated disputes over new U.S. metals tariffs, the European response to those levies, and Chinese intellectual property practices - Bloomberg
bloomberg.com/news/articles/…
Read 634 tweets
001/ [article content in this tweet series 001-180 reproduced with permission from Martin Howe QC of Lawyers for Britain @lawyers4britain]
#quote "Leaving the EU on WTO terms: pulling down the barriers to world trade
Introduction: why prices will FALL after Brexit, not rise" /002
002/ #quote "Over the past couple of weeks, the media have been full of lurid scare stories about what will happen if the UK leaves the EU on WTO terms, because negotiations with the EU do not result in a withdrawal agreement." /003
#tariffs #NoDeal #Brexit #WTO #ProjectFear #shortages #food #medicines
003/ #quote "One of the most ridiculous and UNJUSTIFIED of these absurd scare stories is that it will lead to higher prices, and even shortages, of foods and medicines." /004
Read 180 tweets
THREAD

Can #Trump Terminate Trade Agreements Without Congressional Approval

#NAFTA
1.Congressional approval has been a central requirement for the #UnitedStates to enter into all of the international trade deals currently in force

#NAFTA
2.#UnitedStates is party to 14 international free trade agreements with 20 countries. President negotiates free trade agreements with foreign countries and submits to Congress legislation that would implement the agreements.

#NAFTA
Read 22 tweets
In light of today US-China tariff escalation, worth highlighting some of the incredible details in @SenRonJohnson's letter to the Administration about harm from 232/301 #tariffs to #Wisconsin companies. #TariffsAreTaxes #TariffsareBAD bit.ly/2Lm4Nr6 1/X
@SenRonJohnson From @CV_Bean in Menomonie, Wisconsin: “CVB has cancelled over $3.5 million in capital purchases for 2018 since the retaliatory tariff was applied, as well as scrapping over $15 million in expansion plans for 2019."
@SenRonJohnson @CV_Bean More from @CV_Bean: "Kidney bean suppliers in Canada, China & Argentina will raise their prices, too, slightly below the US base price plus the tariff. The end result is that our competitors will increase their profit margins while US farmers can’t sell their beans.” 3/X
Read 14 tweets
#demographics #militaries #economies #currencies
#USA
- Best demographics
- Largest military
- Largest economy
- Most used currency
- Liquid financial markets
- Open capital account
- Rule of law
- Best geography
- Can be self sufficient if required
- Not trade dependent
#USA
Top trade partners as of 30 June 2018:
- China: 15.2% (strategic competitor)
- Canada: 15.1%
- Mexico: 14.6%
- Japan: 5.1%
- Germany: 4.4%

The next 10 years could result in the below:
- Mexico (25%)
- Canada (20%
- Japan (7%)
- South Korea (5%)
- Great Britain (4%)
#USA
Bring the manufacturing (jobs) home while negatively impacting China's economy.
forbes.com/sites/kenrapoz…
cebglobal.com/talentdaily/au…
irishtimes.com/business/econo…
Read 131 tweets
"Trump has used Harley-Davidson as an example of a US business that is being harmed by trade barriers. Yet Harley has warned consistently against tariffs, saying they would negatively impact sales"

Harley, hit by tariffs, shifts some production overseas apnews.com/6c8942f7363743…
Important issue highlighted by @riotwomennn: are tariff exemptions determined by bribes?

Corker: "22,000 companies have asked for exemptions.There is no basis to deal with them. Are they going to grant these exclusions based on political contributions?"
Trump’s trade war with the European Union is going to cost Harley-Davidson as much as $100 million a year and force the manufacturer to shift production out of the U.S. bloomberg.com/news/articles/…
Read 232 tweets
Thread: What keeps me up at night about @realDonaldTrump trade policy and tariffs on steel and aluminum #tariffs
“It feels like 2008 again.”

This is what I heard during a phone call with my family in Michigan last night.
My family started a tool and die company in Michigan in 2002 in a tiny garage with rented equipment. Today they employ roughly 40 people.
Read 9 tweets
(1) The #TrumpRally in Moon, PA tonight will be LIT.🔥🔥🔥 I was going to do just a #PhotosThread (an offshot of my regular pinned thread) but I'll add some commentary about the fascinating Special Election race, too. #VoteSaccone vs the little lamb.
(2) GA Rep Karen Handel who won her seat by special election, is speaking at the rally. Great to see her! #LaughingMyOssoff #MAGA
(3) There's so much excitement to #MAGA in PA. Everyone wants a photo with @Saccone4PA18, including @GOPChairwoman Ronna McDaniel.

I'm confident we will win on Tuesday but don't get complacent. Send a strong message to the rest of America!
Read 37 tweets
🇺🇸 In a letter to @SecretaryRoss the CEO of Kaiser aluminum says it best,
“If you put us on a level playing field.. our employees can compete successfully against any counterpart in the world and will embrace the opportunity” Thank you @realDonaldTrump #AmericaFirst
Our @DeptofDefense depends on aluminum the Kobe Scandal proved that some countries FAKE the quality of their product, that’s too large a risk #BuyAmerican #AmericaFirst
Full report by here:
commerce.gov/sites/commerce…
Read 4 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!