McConnell and Pence Trash Trump Tariffs, But the Data Proves Them Wrong
by Kenneth Rapoza for Newsweek Despite support for tariffs among American voters, many career Republican politicians still oppose this vital policy tool while they cling
Kamala Harris Talks ‘Industrial Strength’ And Leading in Future Manufacturing Sectors
Kamala Harris spoke for 45 minutes at the Economic Club of Pittsburgh on Wednesday where she spent some of that time talking about industrial strength, and how a weakened manufacturing base is bad for the country’s prosperity.
In Savannah, Trump Copies Canada, Threatens Tariffs on Mexico Made Cars
Donald Trump was in Savannah for a campaign stop on Tuesday where he spoke for 90 minutes, bringing up tariffs, taxes, and a real threat of tariffs on Mexico-made cars.
What to Expect From U.S.-Mexico Relations Under New President Sheinbaum
Claudia Sheinbaum, who won Mexico’s June presidential election with 59% of the vote, will take office in October 2024. She succeeds President Andrés Manuel López Obrador (AMLO) and shares his political affiliation as a member of the National Regeneration Movement (MORENA).
China Auto Parts Giant Sunsong In Crosshairs of House Select Committee
Sunsong, a Chinese multinational automotive parts manufacturer, is now facing serious scrutiny from the House Select Committee on the Chinese Communist Party (CCP). And the attention it’s receiving is far from positive.
Consumers Haven’t Noticed a Price Hike from Tariffs…and Tariffs Aren’t a Sales Tax
In recent years, tariffs have been at the center of heated Washington debate. Critics claim that tariffs are a “hidden sales tax” passed on to consumers in the form of higher prices. But in the wake of the 2018 “Trump tariffs,” America’s consumers haven’t experienced noticeable price increases.
Trump Says Tariffs and Economic Growth Will Pay For Tax Cuts, Help Reduce Deficits
There’s a nearly $2 trillion fiscal deficit, and of course the record $1.12 trillion goods deficit. And one way to bring that down is to produce revenue via trade – also known as tariffs. To some, that’s a dirty word, Trump told an ABC news affiliate in Las Vegas this weekend.
Mario Draghi Says Reindustrialization Will Cause Inflation, But It Will Be Worth It
Reindustrialization might cause some above-target inflation. Deindustrialization, meanwhile, might take countries out of the running of the industries of today, and the future, too, said former European Central Bank president Mario Draghi.
Will Harris Support ‘Made in America’?
To craft a pro-America trade and economic agenda, Harris should pledge to increase overall tariffs, use tax credits more broadly to grow critical production, and ignore Wall Street’s call to return to the failed trade policies of the past.
Harley-Davidson Moves More Production to Thailand, Thanks to Thai Tariffs and Tax Incentives
Harley-Davidson announced it is moving production of its Pan America, Sportster, and Nightster bike models from the U.S. to Thailand. Harley’s growing Thailand production is directly incentivized by 60% Thai motorcycle tariffs and corporate tax breaks.