Trump's Erratic Trade Policies Are Baffling Businesses, Threatening Investment And Economic Growth
HuffPost
Trump’s ever-changing, on-again, off-again tariff war is baffling businesses and causing them to delay or cancel the investments that help drive economic growth.
WASHINGTON (AP) — Marc Rosenberg, founder and CEO of The Edge Desk in Deerfield, Illinois is getting ready to introduce a fancy ergonomic chair designed to reduce customers’ back pain and boost their productivity. He figures the most expensive one will sell for more than $1,000. But he can’t settle on a price, and he is reluctantly reducing the shipment he’s bringing to the United States from China.
There’s a reason for his caution: President Donald Trump’s ever-changing, on-again, off-again tariff war with America’s three biggest trading partners – Mexico, Canada and China.
The latest reversal came Thursday. Two days after imposing 25% taxes — tariffs — on all imports from Canada and Mexico and threatening to detonate more than $1.3 billion in annual U.S. trade in North America, Trump announced that he was suspending many of the levies on Mexico and some of them on Canada for a month. This was an expansion of his Wednesday announcement when he exempted auto imports from both countries for 30 days, and it also comes after a previous monthlong tariff reprieve for Canada and Mexico right before they were to take effect Feb. 4.
“Trump is jerking around the entire continent of North America right now, it’s stupid and it has to stop,” Democratic Rep. Don Beyer of Virginia said. “Today there are businesses that don’t even know if the goods they trade in are subject to Trump’s tariffs. Everything Trump does on trade seems designed to maximize chaos and uncertainty.
Rosenberg and his ergonomic furniture, meanwhile, are contending with a 20% tariff on imports from China – which Trump on Tuesday raised from 10% ― but he’s not sure where the tariff will actually land.
The president's faux apology exposed what he really wants, said social media users.
NASA said the discovery shows such "building blocks" of life are "widespread throughout the solar system."
The "Daily Show" host named the two responses that Trump churns out when he's under fire.
The podcaster described the president as a "79-year-old kid" while talking to Nvidia CEO Jensen Huang.
A judge dismissed the previous mortgage fraud prosecution encouraged by President Donald Trump.
Adm. Frank “Mitch” Bradley spoke with lawmakers on Thursday about the recent attacks on an alleged drug boat in the Caribbean.
"Wait, what??????" Katie Couric wrote in response to Kirk's opinion.
The GOP senator claims it was “entirely lawful” that the U.S. military launched a follow-up strike to kill survivors of its first strike in the Sept. 2 attack.
The report comes as the defense secretary is engulfed in a controversy over a “double tap” strike on an alleged drug smuggling boat.
The president's holiday-like fantasy is getting roasted by critics.
The case had frustrated authorities for years as they had failed to identify the person responsible for placing the bombs.
Sydney Sweeney entered the Fox News conversation that came to an eye-rolling conclusion.
The lawsuit accuses the Defense Department of violating reporters' First Amendment rights.