Trump's Economists are Quitting Their Jobs En Masse after Fearing Retaliation for Telling the Truth about His Trade Policies
Trump's trade policies have cost Americans and corporations more than $3 billion a month in higher taxes, executives affected by them feel "betrayed," and Trump himself has indicated that he doesn't even know how the tariffs he's so eagerly imposed even work.
But if you told him any of that, you might be out of a job.
China's Vice Premier Laughed in Donald Trump's Face As Trump Tried to Correct His Own Trade Rep and Got It All Wrong
We have now reached a point where world leaders are laughing in the president's face.
The humiliating moment occurred on Saturday during an Oval Office trade meeting between President Donald Trump, trade representative Robert Lighthizer, and Chinese Vice Premier Liu He, head of the Chinese trade delegation.
Justin Trudeau's Office Needed Just Four Words to Call Donald Trump Out for Lying About a Potential Meeting Between the Two Leaders
Canadian Prime Minister Justin Trudeau called out President Donald Trump on Wednesday for falsely claiming the United States had rejected a request to meet with Canada to continue trade talks.
During a press conference at the United Nations, Trump was asked if he planned on meeting with Trudeau to untangle the trade mess caused by Trump's tariffs.
Karl Rove Just Went on Fox News to Explain How Donald Trump Is Lying About Our Trade Deficit With Canada
During an appearance on Fox News on Monday, veteran Republican operative Karl Rove shredded President Donald Trump's claim that the United States has a trade deficit with Canada. But as Rove pointed out, the president isn't telling the truth.
Rove noted that American exports to Canada are valued at $320.16 billion dollars, while imports from our northern neighbor total $307.6 billion. That leaves a trade surplus of $12.56 billion. The president, however, claimed something else entirely.
Former Trump Advisor Sold Millions In Steel-Related Stock Last Week and It Sure Looks Like He Was Tipped Off
In a move that now raises eyebrows, billionaire investor and longtime confidant of President Donald Trump, Carl Icahn, sold $31.3 million of stock in a company heavily dependent on steel last week. The sale was filed with the U.S. Securities and Exchange Commission (SEC) on Thursday, February 22.
The move came just in time; only a week before Trump announced plans to impose tariffs on steel imports. That announcement caused stocks in companies heavily dependent on steel, like the one Icahn dumped his stock from, to fall overnight.
President Donald J. Trump’s surprise announcement that he will seek to impose tariffs on steel and aluminum imports sent shockwaves around the world yesterday and roiled the financial markets. Whether those tariffs get implemented is open to debate. Many believe the reality show theatrics with which he made the announcement were intended to distract from the accelerating scandals that are engulfing his White House.
But if he really intends to enact the tariffs, which are opposed by many in his administration, it shouldn’t come as a surprise. Trump campaigned on the promise of “America First” and many of his actions in the first year of his presidency have been designed to deliver on that campaign slogan.
On Thursday, President Donald Trump announced his administration plans to impose a 25 percent tariff on steel and a 10 percent tariff on aluminium. The United States’ primary trade partners reacted immediately, leading to speculation of a trade war that caused significant drops in global markets.
Canada, the European Union, and Great Britain vowed to introduce tariffs against US imports in response to the new tariffs. Mexico, China and Brazil also announced retaliatory steps being considered.