Trump’s Unpopular Tariffs Could Cost U.S. 400,000 Jobs, Economists Estimate


Kudlow said that "the world trading system is a mess".

Kudlow said Trump doesn't plan on withdrawing from NAFTA, but he wants to try a different approach. Soldiers reportedly sat down to eat a meal made of leftover food from the White House scullery using White House dishes and silver before ransacking the presidential mansion and setting it ablaze.

Kudlow said Trump's accomplishments are "contributing to our economic growth" and are evident in countless economic reports, such as small-business confidence, consumer sentiment and job growth.

Other Trump critics suspect the direct or indirect influence of Russian President Vladimir Putin, whose interests are served by discord between the USA and allies.

Since then, Trudeau, Macron and other European leaders have toughened their tone, lamenting what they see as rising U.S. protectionism.

Retaliating for tariffs imposed by the Trump administration, Mexico hit back Tuesday with fiscal penalties on US exports like pork, steel, cheese and whiskey.

But trade tensions are heating up, culminating in a heated phone call between President Trump and Justin Trudeau, in which Trump dropped some history on the Canadian Prime Minister.

"The idea that we are somehow a national security threat to the United States is, quite frankly, insulting and unacceptable", Trudeau said in an interview with NBC News. But President Donald Trump has been a fierce critic of NAFTA, and the three countries are holding negotiations on possible changes to the free trade deal.

With his new tariffs increasing USA isolation, Trump heads to Canada on Friday for a meeting of the Group of Seven industrialized nations. When Canada instead formed a common front with Mexico against Mr. Trump's protectionist demands, the United States was upset, the sources said.

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Kudlow also touted the overall economic strength.

In February, talking about "countries that take advantage of the United States", he said, "Some of them are our so-called allies, but they're not allies on trade".

"The United States economy is growing".

"Rio sells about 1.4 million tonnes, some 40 per cent of their aluminium production, into the USA from those Canadian smelters and it will be subject to that tariff", said Mr Driscoll.

"Some said it couldn't be done".

Mexico said yesterday that it will challenge the metal tariffs at the World Trade Organization, following the leads of Canada and the European Union. "But we see no sign of that in this action today by the U.S. administration". The policies are working.

US-Mexico trade is worth about $600bn annually and about 16% of US goods go to its southern neighbour.

Treasury Secretary Steven Mnuchin has until the end of June to present to the president his department's final recommendations on Chinese investment curbs.

For his part, the president has taken to Twitter to tout his administration's economic accomplishments. That will also possibly mean increased supply in the USA domestic market, leading to a reduction in prices in supermarkets, but farmers are likely going to be an unhappy lot.

Shannon O'Neil, a senior fellow for Latin American Studies at the Council on Foreign Relations, wrote that Mexico's strategy became clear through the list of goods that the country is targeting.