Tag Archives: Protectionism (Trade)

President Trump’s rapidly escalating trade war with China has resulted in eye-watering tariffs on products exchanged between the countries and scrambled prospects for many global businesses that depend on the trade. And there is no end in sight. The Trump administration has been waiting for the Chinese leader, Xi Jinping, to call Mr. Trump personally, but Beijing appears wary of …

After China unveiled steep retaliatory tariffs on American exports on Wednesday, Treasury Secretary Scott Bessent issued a sharp and somewhat surprising response: “So what?” The question underscored the Trump administration’s argument that America has the upper hand in a trade war with China given how reliant its economy is on exports to the United States. The United States buys far …

For the past week, President Trump has been urging calm in the face of the financial chaos that he created and resisting calls for him to rethink his approach. “I know what the hell I’m doing,” he told Republicans on Tuesday as the massive tariffs he had imposed sent global markets into a tailspin. “BE COOL!” he said in a …

The Chinese government on Wednesday issued a lengthy denunciation of American trade policies, accusing the United States of years of protectionism and of violating the trade agreement the two sides had negotiated late in President Trump’s first term. The document was issued by Beijing’s cabinet information office several hours after Mr. Trump raised to 104 percent the extra tariffs on …

Behind President Trump’s decision to hit some of America’s largest trading partners with stiff tariffs is his fixation on the trade deficit that the United States runs with other nations. But many economists say that is a poor metric for judging the quality of a trade relationship. The steep tariffs, which went into effect on nearly 60 trading partners on …

Peter Navarro, a senior White House trade adviser, on Monday defended the sweeping tariffs President Trump has imposed on foreign nations and indicated that other countries’ offers to drop their own tariffs on American products would be insufficient to convince the president to retreat. Mr. Navarro, who has been the architect of many of President Trump’s trade plans, said on …

President Trump’s plan to impose sweeping tariffs on most of America’s trading partners has governments across the globe racing to schedule phone calls, send delegations to Washington and offer up proposals to lower their import taxes in order to escape the levies. On Monday, European officials offered to drop tariffs to zero on cars and industrial goods imported from the …

Some Republican senators on Capitol Hill, including one of President Trump’s most ardent supporters, have signaled their uneasiness to the sweeping global tariffs that the president announced this week and that sent global markets reeling. Senator Ted Cruz, Republican of Texas, warned on Friday that a future where other countries slap retaliatory tariffs on U.S. goods, as China has already …

The European Union, taken as a whole, is America’s biggest trading partner. That makes President Trump’s fresh tariffs especially painful for the 27-nation bloc — but also gives it a uniquely large amount of economic weight to throw around in response. In the hours after Mr. Trump’s sweeping tariff announcement on Wednesday, European leaders began to make clear that they …

The New Civil Liberties Alliance — a nonprofit group that describes itself as battling “violations by the administrative state” — sued the federal government on Thursday over the means by which it imposed steep new levies on Chinese imports earlier this year. The new filing, which the group said was the first such lawsuit to challenge the Trump administration over …