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Trump effect: Factory orders climb despite media hyperventilating about tariffs

Donald Trump success

Orders at U.S. factories for durable goods rose in June despite constant media reports fretting over President Donald Trump’s negotiating tactics on trade. The Commerce Department reported Thursday that durable goods – items meant to last at least three years, like appliances – rose 1 percent in June. Excluding transportation manufacturers, orders were up 0.4%, the fifth straight monthly gain. ...

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Trump administration sets stiff tariffs on Taiwanese steel products in anti-dumping action

Today, the U.S. Department of Commerce announced the affirmative final determination in the antidumping duty (AD) investigation of imports of forged steel fittings from Taiwan. Commerce determined that exporters from Taiwan have sold forged steel fittings in the United States at less than half of fair value. As a result of the decision, Commerce will instruct U.S. Customs and Border ...

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Stocks React as Trump Threatens Tariffs on All Chinese Imports

Donald Trump CNBC interview 7-20-18

Stock market index futures initially dropped in early Friday trading after President Donald Trump issued another threat to China over its unfair trade practices. The markets initially reacted to the president’s comments in a CNBC interview that aired Friday morning. Trump said he’s “ready to go” on tariffs against all Chinese imports worth over $500 billion. Dow futures dropped to ...

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Canada fires another shot at United States manufacturers; pushes toward trade war

After decades of unfair treatment of U.S. businesses who export to Canada, the Great White North has escalated fears of a trade war by levying more tariffs against U.S. manufacturers. For Canada, tariffs of 10 percent are being imposed on about $12.5 billion worth of U.S. products. Starting Sunday, a wide range of U.S. staples were hit, including chocolate, ketchup, ...

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Harley Davidson threatens to move production outside USA, but .. they already have

Harley-Davidson

In response to unfair European Union tariffs on its motorcycles, Harley-Davidson says it will move some production out of the United States to avoid the stiff fees. But, a huge portion of their production is already on foreign soil. “Harley-Davidson maintains a strong commitment to U.S.-based manufacturing which is valued by riders globally,” the company said. “Increasing international production to ...

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President Trump orders additional $200 billion in tariffs on Chinese imports

In response to China’s unwillingness to grant fair access to its markets for U.S. goods and forced turnover of American technology, President Donald Trump ordered the United States Trade Representative (USTR) to identify additional Chinese imports that will have a duty placed on them. “China has determined that it will raise tariffs on $50 billion worth of United States exports. China ...

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Here’s why Trump’s announcement of 25% tariff on Chinese goods won’t end in trade war

China Shipping Tanker

President Donald Trump announced Friday that his administration would levy tariffs against China in response to decades of unfair trade practices and theft of American intellectual property. China has threatened retaliation, but there is little chance for a full-blown trade war. “Trade between our nations, however, has been very unfair, for a very long time,” the president said in a ...

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Pipe Producers Challenge Claims That Steel Tariffs Will Harm Pipeline Industry

The American Line Pipe Producers Association (ALPPA), a domestic coalition of large diameter line pipe producers, vigorously challenges recent claims that U.S. pipeline developers are unable to source large diameter welded pipe (LDWP) for their projects domestically and that steel Section 232 tariffs imposed by President Trump are placing U.S. pipeline projects in jeopardy due to cost. First, there is ...

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Canada, Mexico, EU will miss out on America’s red-hot economy as they push trade restrictions

Donald Trump success

America’s closest trading partners are in danger of becoming former close trading partners at a time when the American economy is booming and trade revenues are set to skyrocket. Mexico threatened to punish U.S. hog farmers this week with a punitive tariff on some of their products. In reality, the measure will just make pork legs more expensive for the ...

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China Warns The US Will Not See Any Changes On Trade If Trump Pushes Ahead With Tariffs

trump-and-china-war-of-words

  by Ryan Pickrell China will not yield any ground or make any concessions on trade if the U.S. decides to implement President Donald Trump’s proposed tariffs, a Chinese statement carried by state media suggested Sunday. U.S. Secretary of Commerce Wilbur Ross arrived in Beijing Saturday for trade negotiations amid rising tensions between the U.S. and China. The Chinese delegation issued ...

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Trump’s Tariffs At Work: Solar Company Plans New Factory In Georgia

  by Jason Hopkins A foreign solar panel company is building a manufacturing facility in the U.S., marking the latest boost in the industry since President Donald Trump imposed tariffs on imported solar equipment. The White House’s recently enacted tariffs on solar panels appear to be working. Hanwha Q Cells Korea Corporation — a Korea-based manufacturer of photovoltaic materials — will be opening ...

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Trump slaps EU, Canada, Mexico with Aluminum tariffs, Steel restrictions

The Trump administration has worked for months to come to agreements to limit the dumping of aluminum and steel into the United States. While the U.S. has reached satisfactory trade agreements with a few nations on aluminum and steel imports, most will be hit with severe tariffs and restrictions beginning at Midnight Thursday night ending a 2-month exemption for those ...

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Presidential Proclamation Adjusting Imports of Steel into the United States [Full Text]

Donald Trump signs tax reform into law 12-22-17

1.  On January 11, 2018, the Secretary of Commerce (Secretary) transmitted to me a report on his investigation into the effect of imports of steel mill articles on the national security of the United States under section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862). 2.  In Proclamation 9705 of March 8, 2018 (Adjusting Imports ...

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Presidential Proclamation Adjusting Imports of Aluminum into the United States [Full Text]

On January 19, 2018, the Secretary of Commerce (Secretary) transmitted to me a report on his investigation into the effect of imports of aluminum articles on the national security of the United States under section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862). In Proclamation 9704 of March 8, 2018 (Adjusting Imports of Aluminum Into the United ...

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