President Trump criticized The Wall Street Journal for its negative stance on his trade policies, suggesting the publication favors China and globalist perspectives.
Payne emphasized the positive economic developments during Trump's presidency, citing how Tim Cook announced a $600 billion investment in the U.S., creating 450,000 jobs.
As one of the leading policy experts at the Canadian Chamber of Commerce, Chan has become a reluctant face of crisis: trade shocks, economic headwinds, and geopolitical curveballs that threaten the foundation of Canadian manufacturing. Steel and aluminum tariffs are back-having doubled from 25 percent to 50 percent in June-and once again, they're rattling Canadian companies.
"We'll be putting a tariff of approximately 100% on chips and semiconductors," Trump said in the Oval Office while meeting with Apple CEO Tim Cook. "But if you're building in the United States of America, there's no charge."
The Toasts not Tariffs Coalition warned that tariffs could result in a $2 billion sales loss during the holiday season, affecting 25,000 American jobs.
President Donald Trump announced plans to impose a 100% tariff on computer chips, which could significantly increase the costs of electronics, autos, and household appliances.
"They're taking our cars," Trump said of Japan in a phone interview broadcast by CNBC on Tuesday. "They're taking the very beautiful Ford F-150, which does very well. And I'm sure we'll do very well there and other things that do very well here, will also do well there."