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Polis Claims Trump Tariffs Hurt Jobs but Many See Benefits
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State, Approved, The Gazette

Polis Claims Trump Tariffs Hurt Jobs but Many See Benefits

By Marianne Goodland | The Gazette A report released Thursday by Colorado’s governor said President Donald Trump’s tariffs policy is disrupting the state’s economy and courting a recessionary scenario. State economists have, in fact, been sounding the risk of a scenario for a year — preceding both the White House’s tariffs changes and the congressional budget that Democrats blamed for Colorado’s $800 million deficit. As recently as June, analysts said the chances of a recession in the next year stood at 50% and climbing. Since Trump took office, tariffs have increased sevenfold to about 21% in Colorado, according to the report. Nationwide, it’s closer to 24%. A year ago, the tariffs averaged around 3%. The last time tariffs went that high occurred in 1910, Gov. Jar...
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Inflation relief hands Trump a talking point on tariffs and the economy
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The Western Journal, Approved, National

Inflation relief hands Trump a talking point on tariffs and the economy

By Randy DeSoto | The Western Journal President Donald Trump took a shot at Goldman Sachs’ CEO and its economists Tuesday while touting July’s inflation number, which came in cooler than expected. Goldman Sachs was among the many investment firms that predicted in April that Trump’s tariff policy would be inflationary, tank the stock market, and likely cause a recession. The Bureau of Labor Statistics reported that the consumer price index rose 2.7 percent in July compared to the same month last year and rose 0.2 percent from June. That compares to a 2.8 percent increase predicted by Wall Street, according to CNBC. Trump responded to the report, posting on Truth Social, “Trillions of Dollars are being taken in on Tariffs, which has been incredib...
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Post editorial board: Trump’s tariffs are doing what critics said they couldn’t
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New York Post, Approved, National

Post editorial board: Trump’s tariffs are doing what critics said they couldn’t

By Post Editorial Board | New York Post For all the “sky-is-falling” cries over President Donald Trump’s tariffs, it looks like his strategy may be working — just as his Aug. 1 deadline nears. In the past week, the Trump folks struck deals with Japan, Indonesia and the Philippines — and may be on the verge of a deal with Europe: On Friday, the prez cited a 50-50 chance of reaching an agreement with the European Union. These developments — on top of previous deals with Vietnam, the United Kingdom and a framework on rare-earth exports and tech restrictions with China — go a long way toward standing up Trump’s vision for the international economy, with better terms for America. And at least so far, no catastrophic fallout. Heck, the nation looks poised to benefit enormously on sev...
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U.S. gets rare earths, China gets 55% tariffs under Trump trade pact
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Approved, National, THE HILL

U.S. gets rare earths, China gets 55% tariffs under Trump trade pact

By Brett Samuels | The Hill President Trump said Wednesday his administration reached a tentative agreement on a trade truce with China following talks between the two sides in London. As part of the agreement, which Trump said was pending his approval and the approval of Chinese President Xi Jinping, China will supply “full magnets, and any necessary rare earths,” Trump said on Truth Social. Trump indicated the U.S. would impose 55 percent tariffs on Chinese goods, while China would impose a 10 percent tariff on U.S. products. “Likewise, we will provide to China what was agreed to, including Chinese students using our colleges and universities (which has always been good with me!),” Trump posted, describing the relationship between the two sides a...
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After Xi–Trump call, China pushes ‘consensus’ language in trade talks
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Approved, denvergazette.com, National

After Xi–Trump call, China pushes ‘consensus’ language in trade talks

By Yukun Zhang and Liz Lee | Reuters via Denver Gazette BEIJING (Reuters) -China's Vice Premier He Lifeng said China and the United States should strengthen consensus and maintain communication, state news agency Xinhua reported on Wednesday, after the two countries agreed to get a delicate trade truce back on track. U.S. and Chinese officials, including He, concluded two days of negotiations in London on Tuesday to resolve key trade issues in the two superpowers' bruising tariff war, including on a raft of export control measures that have hobbled global supply chain. The two sides should use their consultation mechanism to further "build up consensus, reduce misunderstandings and strengthen cooperation", He was quoted as saying by Xinhua, describing the talks as candid and in-de...
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Mosher: China blinked — and Trump clearly won the first round of his tariff war
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Approved, Commentary, National, New York Post

Mosher: China blinked — and Trump clearly won the first round of his tariff war

By Steven W. Mosher | New York Post, Commentary The opening round of the tariff war with China is over. And earlier this week, President Trump achieved a very clear win.  The president had Chinese leader Xi Jinping on the ropes. Trump’s 145% tariffs on Chinese goods landed a crushing blow to Beijing’s economy, already staggering under the weight of rising unemployment, unsustainable debt, and rising bankruptcies. But instead of giving China a knockout punch, Trump decided to hit the pause button. And it’s worth asking why. READ THE FULL STORY AT THE NEW YORK POST
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Walmart to raise prices due to President Trump’s Tariffs
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Approved, National, National Review

Walmart to raise prices due to President Trump’s Tariffs

By Brittany Bernstein | National Review Walmart said Thursday it plans to raise prices on some goods beginning later this month, in response to President Trump’s tariffs. “We will do our best to keep our prices as low as possible but given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins,” Walmart CEO Doug McMillon is expected to say during a Thursday earnings call, according to prepared remarks obtained by several media outlets. The U.S. and China agreed earlier this week to lower their respective reciprocal tariffs for 90 days as they look to end a bruising trade war between the world’s two largest economies. The U.S. reduced the tariff on Chinese imports from 145 pe...
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US and China agree to slash tariffs temporarily after trade talks
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Approved, National, New York Post

US and China agree to slash tariffs temporarily after trade talks

By Emily Crane and Diana Glebova | New York Post The United States and China agreed Monday to a 90-day truce in their raging trade war — with each agreeing for now to slash reciprocal tariffs by more than 100 percentage points, bringing China’s duty rate down to just 10%. Under the agreement, the US will drop its 145% tariff rate on most Chinese goods to 30%, while China will lower its rate to 10% from 125%, officials said.   The agreement also includes a mechanism for talks toward a permanent deal to continue — and the two sides spoke about how they will both address the flow of fentanyl from China to the US, a White House readout of the agreement read. At the White House Monday, President Trump confirmed that 25% tariffs on cars, steel and aluminum re...
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Trump floats slashing China tariffs ahead of key meeting
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Approved, National, National Review

Trump floats slashing China tariffs ahead of key meeting

By David Zimmermann | National Review President Donald Trump on Friday floated reducing tariffs on China to 80 percent, down from the current 145 percent total, as Washington and Beijing officials prepare for an important meeting this weekend. Trump indicated a lower tariff rate in a post on Truth Social, saying an “80% Tariff on China seems right!” The president added it remains “up to” Treasury Secretary Scott Bessent in negotiating a lower levy, though. Bessent and U.S. Trade Representative Jamieson Greer traveled to Geneva, Switzerland, where they will meet with their Chinese counterparts. The meeting marks the first meaningful step toward resolving the trade tensions between the world’s two largest economies since the U.S. slapped tariffs on China. READ THE FULL ...
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Trump unveils new UK trade deal, calls it ‘incredible day for America’
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Approved, Fox Business, National

Trump unveils new UK trade deal, calls it ‘incredible day for America’

By  Greg Norman | Fox Business President Donald Trump announced a new trade deal with the U.K., calling Thursday "an incredible day for America."  Trump told reporters at the White House that "today’s agreement with the U.K. is the first in a series of agreements on trade that my administration has been negotiating over the past four weeks."  "With this deal, the U.K. joins the United States in affirming that reciprocity and fairness is an essential and vital principle of international trade. The deal includes billions of dollars of increased market access for American exports, especially in agriculture, dramatically increasing access for American beef, ethanol and virtually all of the products produced by our great farmers," Trump said.  "They’ll also be f...
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