WASHINGTON — President Donald Trump is considering sweeping tariffs on imports from China, with an announcement possible as early as next week. And that has industry groups and some lawmakers scrambling to prevent the next front in a potential trade war that could reverberate across the U.S. economy. Early indications from the White House have officials braced for tariffs across a wide variety of consumer goods, from apparel to electronics, and even on imported parts for products made in
WASHINGTON — President Donald Trump has chosen Larry Kudlow to be his top economic aide, elevating the influence of a longtime fixture on the CNBC business news network who previously served in the Reagan administration and has emerged as a leading evangelist for tax cuts and a smaller government. Kudlow told The Associated Press on Wednesday that he has accepted the offer, saying the U.S. economy is poised to take off after Trump signed $1.5 trillion worth of tax cuts into law.
WASHINGTON — President Donald Trump unceremoniously dumped Secretary of State Rex Tillerson on Tuesday — via Twitter — and picked CIA Director Mike Pompeo to shift from America’s spy chief to its top diplomat. The abrupt announcement ended the turbulent tenure of the man who reportedly called the president a “moron” but wanted to stay, and deepened the disarray in the Trump administration. The plans to oust Tillerson had been drawn up months ago, but the
WASHINGTON — Unswayed by Republican warnings of a trade war, President Donald Trump ordered steep new tariffs on steel and aluminum imports to the U.S. on Thursday, vowing to fight back against an “assault on our country” by foreign competitors. The president said he would exempt Canada and Mexico as “a special case” while negotiating for changes to the North American Free Trade Agreement. The new tariffs will take effect in 15 days, with America’s neighbors
WASHINGTON — The White House said Wednesday that Mexico, Canada and other countries may be spared from President Donald Trump’s planned steel and aluminum tariffs under national security “carve-outs,” a move that could soften the blow amid threats of retaliation by trading partners and dire economic warnings from lawmakers and business groups. Peter Navarro, Trump’s trade and manufacturing adviser, said in an interview on Fox Business that the tariffs would go
WASHINGTON — Top economic adviser Gary Cohn is leaving the White House after breaking with President Donald Trump on trade policy, the latest in a string of high-level departures from the West Wing. Cohn, the director of the National Economic Council, has been the leading internal opponent to Trump’s planned tariffs on imports of steel and aluminum, working to orchestrate an eleventh-hour effort in recent days to get Trump to reverse course. But Trump resisted those efforts, and
WASHINGTON — In a remarkably public confrontation, House Speaker Paul Ryan and other Republican allies of President Donald Trump pleaded with him Monday to back away from his threatened international tariffs, which they fear could spark a dangerous trade war. Trump retorted: “We’re not backing down.” The president said U.S. neighbors Canada and Mexico would not be spared from his plans for special import taxes on steel and aluminum, but he held out the possibility of
WASHINGTON — President Donald Trump on Friday insisted “trade wars are good, and easy to win,” a bold claim that prompted threats of retaliation against U.S. exports like blue jeans and motorcycles. “Make no mistake: If the president goes through with this, it will kill American jobs — that’s what every trade war ultimately does,” said Sen. Ben Sasse, a Nebraska Republican. Trump has declared that the U.S. will impose punishing tariffs on steel and