Categories for Tariffs

31,777. 12/13/2019

ELECTION/TARIFFS/TRUMP AS PRESIDENT: “…..The Penalty Tariffs set for December 15th will not be charged because of the fact that we made the deal. We will begin negotiations on the Phase Two Deal immediately, rather than waiting until after the 2020 Election. This is an amazing deal for all. Thank you!”

Donald Trump, Twitter.com, December 13, 2019 10:25 am

31,776. 12/13/2019

CHINA/TARIFFS/TRUMP AS PRESIDENT: “We have agreed to a very large Phase One Deal with China. They have agreed to many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more. The 25% Tariffs will remain as is, with 7 1/2% put on much of the remainder….”

Donald Trump, Twitter.com, December 13, 2019 10:25 am

31,774. 12/13/2019

CHINA/TARIFFS/TRUMP AS PRESIDENT: “The Wall Street Journal story on the China Deal is completely wrong, especially their statement on Tariffs. Fake News. They should find a better leaker!”

Donald Trump, Twitter.com, December 13, 2019 9:06 am

31,198. 12/4/2019

GARY COHN/SPENDING/TARIFFS/TRUMP AS PRESIDENT: “Gary Cohn, President Donald Trump’s former top economic adviser, blamed Trump’s tariffs on steel and aluminum for depressing capital investment by U.S. companies, saying he would hold back too if he were a CEO. Cohn, who left the White House last year, criticized his former boss’s policies during a panel discussion on macroeconomic trends affecting capital markets at an event hosted by the SEC. He said investment was also being curbed by uncertainty over the 2020 presidential election. In response to a question from SEC Chairman Jay Clayton about the global financial outlook, Cohn cited low spending as a ‘concern’ for U.S. financial markets that he has had for ‘a year and a half.’”

Kellie Mejdrich, “Cohn blames Trump tariffs, uncertainty for weak capital spending,” Politico, December 4, 2019

31,164. 12/3/2019

CHINA/ECONOMY/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “After weeks of relative calm and record highs, stocks in the United States fell Tuesday [12-3-19] for the third straight day after President Trump’s comments on his China trade war rattled investors and revived some of the market volatility that has become a signature of the dispute between the world’s two largest economies. Speaking in London, where he was attending a NATO meeting, Mr. Trump hinted that he was ready to wait until after the 2020 election to come to terms with China. During a wide-ranging appearance with Jens Stoltenberg, the NATO secretary general, Mr. Trump tamped down hopes that an agreement would be struck before the end of the year, telling reporters: ‘I have no deadline, no.’ On Wall Street, the remarks sent stocks lower. After falling more than 1 percent in early trading, the S&P 500 recovered a bit to finish the day down 0.7 percent.”

Matt Phillips, “Trump Volatility in Markets Is Back,” The New York Times online, December 3, 2019

31,132. 12/2/2019

GOP/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “President Donald Trump is winning at least one trade war: The one with his own party. Free-trading Republicans have feuded with the president for years now, and his decision on Monday [12-2-19] to reimpose tariffs on Brazil and Argentina brought new criticism from GOP senators — right as he needs them to fend off the impeachment inquiry that threatens his presidency. Yet despite the complaints from Senate Republicans that Trump is eroding his party’s free trade bona fides, the GOP seemingly can’t — or won’t — rally the votes to handcuff the president. Competing proposals that would give Congress more sway over certain tariffs have been languishing in the Senate Finance Committee, leaving more establishment-minded Republicans little option but to sit back and gripe and wonder what just hit them.”

Burgess Everett and Mariane Levine, “Trump conquers Republicans on trade,” Politico, December 2, 2019

31,128. 12/2/2019

SOUTH AMERICA/TARIFFS/TRUMP AS PRESIDENT: “President Trump said on Monday [12-2-19] that he would impose tariffs on steel and aluminum from Brazil and Argentina, a move that would shatter previous agreements with those countries and widen a global trade war that the president had appeared ready to scale back. Mr. Trump, in a message on Twitter, accused Brazil and Argentina of manipulating their currencies and hurting American farmers. ‘Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries.’ The United States exempted Brazil, Argentina and other countries from the president’s sweeping metal tariffs in March 2018, with the United States saying it would continue negotiations with those countries to improve their trade terms. In May 2018, the United States announced that it had reached an agreement with Brazil and Argentina that would cap their metal shipments at a specific volume each year.”

Ana Swanson, “Trump Says U.S. Will Impose Metal Tariffs on Brazil and Argentina,” The New York Times online, December 2, 2019

31,118. 12/2/2019

CHINA/ECONOMY/TARIFFS/TRUMP AS PRESIDENT: “U.S. Markets are up as much as 21% since the announcement of Tariffs on 3/1/2018 – and the U.S. is taking in massive amounts of money (and giving some to our farmers, who have been targeted by China)!”

Donald Trump, Twitter.com, December 2, 2019 6:11 am

31,117. 12/2/2019

AGRICULTURE/SOUTH AMERICA/TARIFFS/TRUMP AS PRESIDENT: “Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries. The Federal….”

Donald Trump, Twitter.com, December 2, 2019 5:59 am

31,040. 11/26/2019

BUSINESS/FRANCE/TARIFFS/TAXES/TRUMP AS PRESIDENT: “A brief truce in what had been an escalating battle between the United States and France over taxing digital services has expired, but President Trump gave no indication this week whether he planned to return to his threats to impose new tariffs on imported wine and other French products as a result. French leaders voted this year to impose a new tax on economic activity that takes place online and crafted it in such a way that it would largely hit large American tech companies like Amazon and Facebook. In response, the Trump administration opened an investigation into whether the tax posed a threat to national security and should be met with American tariffs on French products. Mr. Trump vocalized the threat of tariffs in July. Soon after, the countries reached a 90-day agreement that paused the American retaliation, while leaders from wealthy countries including France and the United States pursued negotiations toward an international agreement on digital taxation.”

Jim Tankersley and Alan Rappeport, “Trump’s Tax Truce With France Expires, but the Path Ahead Remains Unclear,” The New York Times online, November 26, 2019 

30,714. 11/17/2019

AGRICULTURE/CHINA/TARIFFS/TRUMP AS PRESIDENT: “Our great Farmers will recieve another major round of ‘cash,’ compliments of China Tariffs, prior to Thanksgiving. The smaller farms and farmers will be big beneficiaries. In the meantime, and as you may have noticed, China is starting to buy big again. Japan deal DONE. Enjoy!”

Donald Trump, Twitter.com, November 17, 2019 11:08 am

30,607. 11/14/2019

BUSINESS/TARIFFS/TRUMP AS PRESIDENT: “Walmart announces great numbers. No impact from Tariffs (which are contributing $Billions to our Treasury). Inflation low (do you hear that Powell?)!” 

Donald Trump, Twitter.com, November 14, 2019 9:32 am

30,491. 11/11/2019

CHINA/ECONOMY/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “‘The Chinese say (about Trump’s Trade War & Tariffs), ‘he brought us to the table.’ This is the most prosperous economy the world has ever seen, and it’s going to be a very prosperous economy.’ Jamie Dimon on @60Minutes Thank you President Trump & the Republican Party!”

Donald Trump, Twitter.com, November 11, 2019 9:25 am

30,483. 11/11/2019

AUTO INDUSTRY/EU/TARIFFS/TRUMP AS PRESIDENT: “The Trump administration, in a move that could forestall potentially devastating tariffs on foreign automobiles, is in discussions with European carmakers about increasing their investment and employment in the United States. The talks come ahead of a Wednesday deadline for President Trump to decide whether to make good on his threat to impose tariffs on foreign cars and car parts, which his administration has declared a national security threat. Mr. Trump is widely expected to delay the tariffs for several months, because there is little appetite in the administration to move ahead with them now, according to people familiar with the deliberations. While neither side will call it a deal, the carmakers have worked out an understanding with American officials in an effort to prevent Mr. Trump from imposing the tariffs. German carmakers have quietly promised big investments in their United States factories, American and European officials said Monday [11-11-19]. Foreign carmakers hope that pledges of larger investments in the United States could give Mr. Trump enough bragging rights to delay the tariffs.”

Jack Ewing and Ana Swanson, “Trump May Punt on Auto Tariffs as European Carmakers Propose Plan,” The New York Times online, November 11, 2019

30,400. 11/9/2019

TARIFFS/TRUMP AS PRESIDENT: “RT @cvpayne: All three major equity indices finished higher and at new all-time highs all while there are $360 billion in tariffs current o…”

Donald Trump, Twitter.com, November 9, 2019 6:58 am

30,340. 11/6/2019

BRITAIN/EU/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “Prime Minister Boris Johnson of Britain spoke with President Trump by phone on Tuesday [11-5-19], and to judge by the dueling summaries of the call provided by the White House and 10 Downing Street, Mr. Johnson and Mr. Trump were involved in two completely different conversations. The White House said the two leaders pledged to negotiate ‘a robust bilateral free trade agreement once the United Kingdom leaves the European Union.’ Downing Street said nothing about a deal, noting instead that Mr. Johnson urged Mr. Trump to lift American tariffs on Scotch whisky. Such divergent accounts of a leader-to-leader call are not unheard-of, but the timing of this one, on the eve of Britain’s general election campaign, was telling. It shows just how much of a liability Mr. Trump has become for Mr. Johnson. Once, the prime minister talked up the benefits of having a close friend in the White House; now he is distancing himself from a figure who is radioactive to many Britons.”

Mark Landler, “A Not-So-Special Relationship: Facing Voters, Johnson Backs Away From Trump,” The New York Times online, November 6, 2019

29,953. 10/28/2019

CHINA/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “President Donald Trump said Monday [10-28-19] that negotiations for the so-called phase one of the United States’ trade deal with China were ‘ahead of schedule’…The comments come ahead of Trump’s meeting with Chinese President Xi Jinping for the Asia-Pacific Economic Cooperation summit in Chile on Nov. 16-17…On Friday, Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer spoke with China’s Vice Premier Liu He about the deal and signaled progress on negotiations over the weekend. The Office of the U.S. Trade Representative released a statement following the call, noting that both parties ‘made headway on specific issues.’ It was announced earlier this month that Beijing would buy $40 billion to $50 billion of U.S. agricultural products, in exchange for a stop on the United States’ scheduled Oct. 15 tariff increase. Officials, however, have left open the potential for a tariff increase Dec. 15.”

Allie Bice, “Trump says phase one of China trade deal is ‘ahead of schedule’,” Politico, October 28, 2019 10:02 am

29,627. 10/18/2019

FRANCE/TARIFFS/TRUMP AS PRESIDENT/WTO: “France is pressing the United States to negotiate a settlement to a WTO ruling that has allowed the Trump administration to impose tariffs on billions of dollars worth of cheese, wine and other European exports, French Finance and Economy Minister Bruno Le Maire said Friday [10-18-19]…France is willing to put ‘all the difficulties on the table’ to comply with the World Trade Organization ruling that found European countries’ subsidies to Airbus violated international trade rules. France is willing to put ‘all the difficulties on the table’ to comply with the World Trade Organization ruling that found European countries’ subsidies to Airbus violated international trade rules.”

Adam Behsudi, “France pushing for settlement on latest Trump tariffs,” Politico, October 18, 2019 3:46 pm

29,451. 10/13/2019

CHINA/TARIFFS/TRUMP AS PRESIDENT: “….I agreed not to increase Tariffs from 25% to 30% on October 15th. They will remain at 25%. The relationship with China is very good. We will finish out the large Phase One part of the deal, then head directly into Phase Two. The Phase One Deal can be finalized & signed soon!” 

Donald Trump, Twitter.com, October 13, 2019 4:47 pm

29,350. 10/11/2019

CHINA/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “U.S. President Donald Trump on Friday [10-11-19] outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done before an accord could be agreed. The emerging deal, covering agriculture, currency and some aspects of intellectual property protections, would represent the biggest step by the two countries in 15 months to end a tariff tit-for-tat that has whipsawed financial markets and slowed global growth. But Friday’s announcement did not include many details and Trump said it could take up to five weeks to get a pact written. He acknowledged the agreement could fall apart during that period, though he expressed confidence that it would not.”

Jeff Mason, David Lawder, “U.S. outlines ‘Phase 1’ trade deal with China, suspends October tariff hike,” Reuters, October 11, 2019 1:50 am

29,344. 10/10/2019

CHINA/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “The United States and China made good progress in high-level trade talks on Thursday [10-10-19], President Donald Trump told reporters, despite expectations that the two sides remain far away from a comprehensive deal…The Chinese team led by Vice Premier Liu He is in Washington for the first since Trump escalated his trade war against China in August. Frustrated by the slow pace of the negotiations, he announced plans to ramp up tariffs to put more pressure on Beijing. This week, the two sides have sent signals they could reach agreement on some measures, even if a wider deal remains distant…The hopeful developments came after futures markets were whipsawed overnight amid reports that the Chinese delegation would cut its trip short. But stocks moved higher on Thursday after Trump said he would meet with Liu on Friday after talks wrap up with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.” 

Adam BEhsudi, Megan Cassella and Doug Palmer, “Mini-deal expected as Trump says U.S.-China trade talks ‘going really well’,” Politico, October 10, 2019 6:31 pm

28,999. 10/3/2019

EU/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT/WTO: “The U.S. won a $7.5 Billion award from the World Trade Organization against the European Union, who has for many years treated the USA very badly on Trade due to Tariffs, Trade Barriers, and more. This case going on for years, a nice victory!”

Donald Trump, Twitter.com, October 3, 2019 5:00 am

28,992. 10/2/2019

AGRICULTURE/AIRLINE INDUSTRY/EU/TARIFFS/TRUMP AS PRESIDENT/WTO: “The Trump administration said Wednesday [10-2-19] that it would impose tariffs on European aircraft, French wine and cheese, Spanish olive oil and other goods starting Oct. 18, after the World Trade Organization granted the United States permission to tax as much as $7.5 billion of European exports annually. The tariffs are part of a long-running complaint over subsidies given to the European plane maker Airbus and are intended to allow the United States to recoup some of the losses the American plane maker Boeing sustained because of Europe’s trade practices. The ruling on Wednesday gives the go-ahead for the United States to impose enough tariffs to block $7.5 billion in trade from Europe annually, until the two sides reach a negotiated settlement, or the organization decides that Europe is in compliance with its rules. The tariffs could raise prices for American companies and customers who import products from Europe, affecting airlines, manufacturers and consumers at the grocery store.”

Ana Swanson, “U.S. to Tax European Aircraft, Agriculture and Other Goods,” The New York Times online, October 2, 2019 

28,615. 9/23/2019

JAPAN/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “The United States and Japan may fall short of signing a trade deal this week, as negotiators from both countries grapple with how to resolve President Trump’s threat to place tariffs on cars from Japan. The two countries had been working toward signing a limited trade deal this week, as Mr. Trump and Prime Minister Shinzo Abe of Japan prepare to appear side by side at the United Nations General Assembly meeting in New York. Instead, the two sides may issue a joint statement, and keep working toward completing an agreement in the coming weeks, several people familiar with the negotiations said. A main sticking point is Mr. Trump’s threat to put a tax on cars that are imported into the United States from Japan. The levies would be similar to those he has already placed on steel and aluminum imported from Japan, Europe and other nations. Mr. Trump has long seen his threat to tax cars, which make up more than one-third of the goods Japan shipped to the United States last year, as a source of leverage that has brought Japan to the trade negotiating table.”

Ana Swanson, “U.S.-Japan Trade Deal May Be Delayed Over Car Tariffs,” The New York Times online, September 23, 2019

28,464. 9/16/2019

EU/TARIFFS/TRUMP AS PRESIDENT/WTO: “The World Trade Organization will grant the United States permission to impose tariffs on the European Union as part of a prolonged scuffle over subsidies given to European plane maker Airbus, European officials said Monday [9-16-19], a move that is likely to exacerbate trade tensions across the Atlantic. The ruling, to be published in the week of Sept. 30, is the global trade body’s final decision in a 15-year old dispute over the government assistance that Europe provides to its major plane manufacturer. It will clear the way for the United States to impose tariffs on European goods, worsening tensions that have become strained under President Trump’s confrontational approach. The W.T.O. still must authorize a specific dollar amount that the United States can recoup through tariffs. But the United States Trade Representative has already prepared two lists of up to $25 billion worth of products that it can tax, including airplanes, fish, wine, leather purses, carpets and clocks.”

Ana Swanson and Milan Schreuer, “Trump Cleared to Put More Tariffs on Europe in Airbus Case,” The New York Times online, September 16, 2019