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The cost will be paid by US importers. This pause in pre-sales is probably to make sure the US retailers get the pricing right.
you mean those fake ones that trump used to save face? :> Canada and Mexico gave trump nothing and he accepted that.
No - the real ones where the leaders of both nations gave in and gave the President what he was asking for.
no such thing happened, sorry you got lied to, canada promised him something they already did half a year earlier, and mexico actually walked back what they were already planning to do, so no they did not do anything. I'm noticing a pattern, your repeating lies and propaganda from trump and not the truth.
Would free market mean no Tariffs? sounds like freedom to me.
Yes, it did - the former administration took lip service - the Trump administration required action - and they moved almost instantly. I'm noticing a patter of your repeating lies and propaganda from the the left and not the truth.
That means 'post the source' just in case you don't understand the workings here.
And by Obama's term, we'd gotten Chinese tariffs on US goods down to single digits without causing any trade wars.
How many times must it be pointed out that these are NOT TARIFFS. They have nothing to do with tariffs. They are purely related to trade deficits - which is an incredibly simplistic and dumb way to assess trade relationships.
FLASHBACK: 30 years ago, Nancy Pelosi demanded Congress confront Chinese tariffs on American goods
Despite opposing Trump's current tariff policy, Sen. Bernie Sanders, I-Vt., questioned free trade in a 2008 Senate speech
An old video of Rep. Nancy Pelosi, D-Calif., urging Congress to retaliate against China’s tariffs against the United States is going viral for how much it sounds like President Donald Trump’s current tariff policies.
The video, recorded on the House floor in June 1996, featured the lawmaker urging her colleagues to fight against the "status quo" trade policies that had contributed to America’s trade deficit with China. She specifically called on lawmakers to address the fact that American tariffs on Chinese goods paled in comparison to Chinese tariffs on U.S. goods.
"In terms of tariffs, it’s interesting to note that the average U.S. MFN [Most Favored Nation] tariff on Chinese goods coming into the United States is two percent, whereas the average MFN tariff on U.S. goods going into China is 35 percent."
The congresswoman asked, "Is that reciprocal?" She also went on to call the U.S.-China trade relationship a "job loser."
"In terms of jobs, this is the biggest and cruelest hoax of all. Not only do we not have market access, not only do they have prohibitive tariffs, not only are our exports not let in very specifically, but China benefits with at least, at least, 10 million jobs from U.S.-China trade."
She continued, noting how the U.S. was getting 170,000 American jobs out of the relationship at the time.
"The fact is that U.S.-China trade is a job loser," she said.
The nearly-30-year-old clip has resurfaced in the wake of Trump unleashing reciprocal tariffs on China and a multitude of nations this week. Most Democratic lawmakers, including Pelosi, have opposed it.
During his "Liberation Day" speech from the White House Rose Garden on Wednesday, Trump announced the tariffs to claw back at the U.S.’s trade discrepancies across the globe.
"For decades, the United States slashed trade barriers on other countries, while those nations placed massive tariffs on our products and created outrageous non-monetary barriers to decimate our industries," Trump said.
Trump pointed to the European Union, and explained the U.S. will charge its nations a 20% tariff, compared to its 39% tariffs on the U.S. Japan will see 24% tariffs, compared to the 46% the country charges the U.S., while China will be hit with a 34% tariff, compared to the 67% it charges the U.S.
The former speaker of the House slammed Trump’s proposals this week, posting to X, "Donald Trump’s reckless tariffs will cause chaos in our economy, raise prices for consumers and hurt hardworking American families. This is not a strategy — it’s the largest tax hike on the American people in history."
FLASHBACK: 30 years ago, Nancy Pelosi demanded Congress confront Chinese tariffs on American goods
Old videos show Rep. Nancy Pelosi, D-Calif., and Sen. Bernie Sanders, I-Vt., defending the use of U.S. tariffs to protect U.S. workers, while today they oppose Trump's tariffs.www.foxnews.com
Yes. I do. But do you understand that China's economy is the second most powerful in the world and the nation of China is the second most powerful and influential nation in the world?
How big was the trade deficits with China during the Obama years?
www.census.gov
