Published: Tue, July 24, 2018
Money | By Hannah Jacobs

Donald Trump: 'Tariffs are the greatest!'

Donald Trump: 'Tariffs are the greatest!'

"In the near term is there some relief we can look at?" "They are taxes, paid by Americans, that harm consumers, workers, and companies". China said it would retaliate, leaving even more USA farm products at risk.

Sen. Ben Sasse, R-Neb., said the plan would spend billions on "gold crutches".

They include such iconic American brands as Campbell Soup and Lockheed-Martin - which will have a model F-35 fighter jet on the White House lawn - to obscure manufacturers who make wine, brooms, horseshoes and animal feed.


"Tariffs are the greatest!". Responding in kind, Beijing slapped tariffs worth $34 billion on 545 American goods.

Sorghum is only one out of many farm products hit by tariffs from China and other nations in response to the Trump administration's tariffs. Trump has threatened to ratchet that up to more than $500 billion, a move that has left financial markets uneasy. "Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs. It's as simple as that".

The president has engaged in hard-line trading negotiations with China, Canada and European nations, seeking to renegotiate trade agreements he says have undermined the nation's manufacturing base and led to a wave of job losses in recent decades.


President Trump's tariff threats against China, Canada, Mexico and the European Union prompted immediate threats of retaliation.

He warned USA trade partners that he will impose more sanctions unless they negotiate a "fair deal". He has also threatened to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that previous year totaled $335 billion.

On Monday, the White House confirmed that Trump was considering removing security clearances from Brennan and other former officials.


Trump's tweet comes as he is scheduled to meet with European Commission President Jean-Claude Juncker in Washington tomorrow for talks aimed at heading off a trade war. The U.S.is also in the middle of a trade dispute with China and is threatening to impose new tariffs on the European auto sector.

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