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Harley-Davidson Inc. after the motorcycle maker said it would move some production overseas as a result of retaliatory tariffs from the European Union, according to Treasury Secretary Steven Mnuchin. Mnuchin's "sense" was that Harley planned to move some production overseas prior to the tariff announcement, but he hasn't spoken to the company directly, he said Thursday in response to questioning by Representative Maxine Waters in a hearing before the House Financial Services Committee.
Trump promised to be America's dealmaker in chief, touting his "extraordinary" ability to negotiate. But so far -- whether he's dealing with foreign governments or with Congress -- Trump has shown that he can't make a deal.
President Donald Trump arrives for a campaign rally, Wednesday, June 27, 2018, in Fargo, N.D. . President Donald Trump speaks during a campaign rally, Wednesday, June 27, 2018, in Fargo, N.D. .
And the president praises Apple for investing $350 billion in the US -- though it's unlikely to be spent on new factories, as Trump hopes. President Donald Trump speaks as Wisconsin Gov. Scott Walker and Foxconn CEO Terry Gou look on at the groundbreaking for the Foxconn Technology Group computer screen plant in Mt Pleasant, Wisconsin.
In this July 26, 2017 file photo, President Donald Trump, waves as he departs with House Speaker Paul Ryan of Wis., left, and Terry Gou, president and chief executive officer of Foxconn, after an event in the East Room of the White House in Washington. The ceremonial groundbreaking for a massive $10 billion Foxconn factory complex in Wisconsin was supposed to be evidence that the manufacturing revival fueled by President Donald Trump's "America First" policy is well underway.
Back in the 19th century, trade tariffs worked in some way or other. Nevertheless, they were still net negative forces, but companies generally didn't have much choice where things could be made.
In the heart of London's Soho, whiskey mecca Milroy's of Soho has a section dedicated exclusively to American whiskey. "The rarer products we get in ... they'll be hit fairly quickly because there's not that much of it in the country," the owner of the shop, Simo, who prefers to go by just one name, told ABC News.
Europeans, Canadians and Mexicans buy more American goods and services than anyone else in the world. So why would the Trump administration be willing to start a trade war with the United States' most important trading partners - as well as some of its oldest allies? The current dispute started back in March, when the White House proposed tariffs on all imports of steel and aluminum on national security grounds.
As we stumble into trade actions and retaliations that neither the U.S. nor anyone else needs, it's hard not blame President Donald Trump's peculiar and one-sided economic views. The European Union tried a wake-up call to Republicans, targeting retaliatory tariffs against products from Republican states: Harley-Davidson motorcycles and bourbon felt the bite of new tariffs.
Republicans are warning President Donald Trump that a trade war with China would deal an economic blow to politically important areas of the country that will cost the party in November's congressional elections. The president's proposed tariffs on a variety of imports are aimed at fulfilling a campaign promise to protect domestic industries slammed by globalization.
President Donald Trump insists he is "not backing down" on his plan to impose stiff tariffs on imported steel and aluminium despite anxious warnings from House Speaker Paul Ryan and other congressional Republicans of a possible trade war. The president said North American neighbours Canada and Mexico would not get any relief from his plan to place the tariffs on the imports but suggested he might be willing to exempt the two longstanding allies if they agreed to better terms for the North American Free Trade Agreement.
President Trump's administration appears unbowed by broad domestic and international criticism of his planned import tariffs on steel and aluminum, saying Sunday that the president is not planning on exempting any countries from the stiff duties. Speaking on CNN, White House trade adviser Peter Navarro said: "At this point in time there's no country exclusions."
A year after President Trump's historic upset victory, the grass-roots biker movement he inspired has become a bona fide political organization that is boosting Republican candidates across the country and making inroads in unexpected places, such as in Amish and Mennonite communities. That's right - Amish families are showing up in their horse-drawn buggies at Bikers for Trump rallies staged in barns in rural Pennsylvania and Ohio.
When President Donald Trump took office in January, environmentalists feared his industry-friendly approach to environmental policy would usher in an era of lax environmental enforcement. That concern only grew with the appointment of Scott Pruitt to head the Environmental Protection Agency; Pruitt has said that he wants to hand off enforcement to the states and potentially eliminate the Environmental Protection Agency's Office of Enforcement and Compliance Assurance .
As we count down to the November 8th election, we will list 30 reasons in 30 days to vote for Donald Trump for President of the US. For years the media, academia and conservatives agreed that free trade was the American way .
Harley-Davidson motorcycles and the Environmental Protection Agency have come to terms on a settlement that requires the motorcycle company to stop selling illegal devices that increase air pollution. The EPA and the US Department of Justice announced the settlement this week.