Trump Goes After Turkey, Announces Doubling of Tariffs: Our Relations ‘Are Not Good!’


This post is by Joe DePaolo from Mediaite


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Early in his administration, President Donald Trump was criticized for placing a congratulatory call to Turkish President Recep Tayyip Erdoğan — an authoritarian leader. But now, the relationship appears to have gone sideways. Amid a steep drop in Turkey’s currency, the Lira, the president announced on Twitter Friday that he has given the greenlight to sharply increased tariffs. “I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar!” Trump wrote. “Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!”

Trump Insists Tariffs Will Make Our Country ‘Much Richer’: ‘Only Fools Would Disagree’


This post is by Tamar Auber from Mediaite


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On Saturday, President Donald Trump praised his tariff plan and insisted, “steelworkers are working again, and big dollars are flowing into our Treasury.” “Tariffs are working far better than anyone ever anticipated,” Trump tweeted out. “China market has dropped 27% in last 4 months, and they are talking to us. Our market is stronger than ever, and will go up dramatically when these horrible Trade Deals are successfully renegotiated. America First.” Then in the first follow-up tweet, he added: “Tariffs have had a tremendous positive impact on our Steel Industry. Plants are opening all over the U.S., Steelworkers are working again, and big dollars are flowing into our Treasury. Other countries use Tariffs against, but when we use them, foolish people scream!” He was not done yet. A few minutes later, he tweeted again, writing, ” Tariffs will make our country much richer than it is Continue reading "Trump Insists Tariffs Will Make Our Country ‘Much Richer’: ‘Only Fools Would Disagree’"

WATCH: Rick Santorum Hilariously Derails CNN Segment by Mishearing the Word ‘Tarrifs’


This post is by Ken Meyer from Mediaite


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Look, it’s hard talking politics on TV. You’ve got to have all of facts together, you need to make sure you’re articulating your points well…and then you have to make the best of things when accidents happen because of technological snafus. Former Pennsylvania senator Rick Santorum had an accidentally-funny moment today on CNN while he was participating in a discussion about GOP midterm candidates rushing to fall in line with President Donald Trump‘s agenda. At one point, CNN anchor Poppy Harlow asked Santorum if that strategy would really work for candidates trying to get the vote from constituencies that have been hurt by the president’s tariffs. Apparently, the feed for Santorum wasn’t coming in clear since he couldn’t tell Harlow was asking him about tariffs. And that’s when things fell apart.
Harlow: Rick, could the tariffs complicate all of that? Santorum: Did the what complicate all of that? Harlow: Continue reading "WATCH: Rick Santorum Hilariously Derails CNN Segment by Mishearing the Word ‘Tarrifs’"

WATCH LIVE: President Trump and European Commission President Juncker Speak After Meeting


This post is by Josh Feldman from Mediaite


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President Donald Trump will be making a joint statement with European Commission President Jean-Claude Juncker after their White House meeting. And based on multiple reports, it sounds like they’re going to have a big announcement on trade: You can watch the live stream above. [featured photo via Getty Images]

Trump: ‘What You’re Seeing and What You’re Reading Is Not What’s Happening’


This post is by Josh Feldman from Mediaite


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President Donald Trump defended his tariffs today in a speech to the VFW with multiple shots at the “fake news,” including a pretty remarkable line about how people shouldn’t believe any of it. Trump said people shouldn’t “believe the crap you see from these people, the fake news” before defending the tariffs. He talked about China, called the EU a “big abuser,” and then said, “But it’s all working out. And just remember, what you’re seeing and what you’re reading is not what’s happening.” “What you’re seeing and what you’re reading is not what’s happening.” You can watch Trump actually saying that above, via Fox News. [image via screengrab] — — Follow Josh Feldman on Twitter: @feldmaniac

Conservatives Blow Up After Trump Declares ‘Tariffs Are the Greatest!’


This post is by Ken Meyer from Mediaite


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It seems Donald Trump is prepared to take America’s trade wars up a notch, though not everyone agrees with his latest proclamation that “tariffs are the greatest!” The president got back on the Twitter machine today to insist that trade negotiations are going just fine, despite all the recent tension with America’s trading partners. After that, Trump announced that tariffs were to thank for America’s new fair trade agreements.

Trump Tells CNBC He’s ‘Ready’ to Impose Tariffs on Every Chinese Good Imported to US


This post is by Caleb Howe from Mediaite


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CNBC anchor Joe Kernen interviewed President Donald Trump this week in an exclusive that aired on Squawk Box Friday morning, that focused heavily on the economy and only lightly on politics. During that interview, the President quintupled down on his tariff and trade war policy. President Trump said he is “ready” to impose more tariffs on China to “level the playing field.” “I’m ready to go to 500,” he said. That’s $500 billion, and means the President is saying he’s prepared to impose tariffs on more imports than he already has. The President began his explanation, in answer to a prompt from Kernen that the economy is “hot” right now, by suggesting his trade war and domestic economic policy are working. “What I really am happy about is, a lot of cash is coming back in through the billions and trillions of dollars, as you know, that was overseas, Continue reading "Trump Tells CNBC He’s ‘Ready’ to Impose Tariffs on Every Chinese Good Imported to US"

Mika Brzezinski: Is It Okay Now to Say Trump Sounds Like He’s ‘Losing His Mind?’


This post is by Caleb Howe from Mediaite


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On MSNBC’s Morning Joe on Wednesday, host Mika Brzenski became totally exasperated after playing a clip of Donald Trump discussing trade and scuffed up shoes in Canada. The President was speaking to … on Tuesday when he related an anecdote of sorts about Canada. “They buy shoes and they wear ’em. They scuff ’em up, they made ’em sound old or look old,” Trump said — referring, apparently, to shoe smuggling. After playing the clip this morning, Mika sighed deeply. “Is it okay? It sounds like maybe he’s got a — he’s losing his mind,” she said. “There’s nothing to say. There’s nothing you can say,” added MSNBC’s Mike Barnicle. Mika then referred to a New York Post story that may have been the source of Trump’s story. “It would be funny, if it all wasn’t so sad,” she added. Co-host Willie Geist summed it up. “So you have him Continue reading "Mika Brzezinski: Is It Okay Now to Say Trump Sounds Like He’s ‘Losing His Mind?’"

Bob Corker Loses It on the Senate Floor Over Party Bowing to Trump: ‘Gosh, We Might Poke the Bear!’


This post is by Josh Feldman from Mediaite


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Senator Bob Corker angrily teed off on fellow Republicans over his efforts to rein in President Trump on tariffs. Even as other Republicans have expressed some concern about the President’s move, Corker recently told CNN some of his colleagues are “fearful” of crossing Trump. And apparently he’s getting tired of it. On the Senate floor today, Corker called out John Cornyn––the No.2 Republican in the Senate––for his comments pushing back on this. “We can’t do that,” Corker mockingly said, “because we’d be upsetting the President!” “I can’t believe it!” he exclaimed. And he wasn’t even close to done:
“I would bet that 95 percent of the people on this side of the aisle support intellectually this amendment. I would bet that. I would bet higher than 95 percent. And a lot of them would vote for it if it came to a vote, but no no Continue reading "Bob Corker Loses It on the Senate Floor Over Party Bowing to Trump: ‘Gosh, We Might Poke the Bear!’"

Trade War of Words: Canada Calls Trump Adviser Comments ‘Ad Hominem’, Not ‘Appropriate’


This post is by Caleb Howe from Mediaite


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Canadian Foreign Affairs Minister Chrystia Freeland spoke with reporters Sunday regarding the rhetoric from Trump administration advisers Larry Kudlow and Pete Navarro, who spent the morning savaging Canadian Prime Minister Justin Trudeau on the morning talk shows. Specifically, Freeland was responding to comments by Navarro, who said on Fox News Sunday that there is a “special place in hell” for the Canadian Prime Minister, whom he accused of stabbing Trump in the back. He also called Trudeau “weak” and ‘dishonest”, echoing the President’s own words. Economic adviser Kudlow likewise accused Trudeau of stabbing Trump in the back Continue reading "Trade War of Words: Canada Calls Trump Adviser Comments ‘Ad Hominem’, Not ‘Appropriate’"

Trump Blasts Trade Barriers After Macron, Trudeau Team Up on Him: ‘Totally Unfair!’


This post is by Tamar Auber from Mediaite


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On the eve of the G7 Summit, President Donald Trump is sharing his thoughts about trade on his favorite platform, Twitter. “Why isn’t the European Union and Canada informing the public that for years they have used massive Trade Tariffs and non-monetary Trade Barriers against the U.S. Totally unfair to our farmers, workers & companies?” Trump wrote on Twitter Thursday night. “Take down your tariffs & barriers or we will more than match you!” It was not his first tweet of the evening. Earlier on Thursday, he accused Canadian Prime Minister Continue reading "Trump Blasts Trade Barriers After Macron, Trudeau Team Up on Him: ‘Totally Unfair!’"

Barney Frank Praises Trump Over China Tariffs: He’s Doing ‘Exactly the Right Thing’


This post is by Chris Riotta from Mediaite


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Former Rep. Barney Frank (D—MA) — a liberal voice on Capitol Hill and an architect of the financial-regulation overhauls in 2010 — said President Donald Trump “has done exactly the right thing” in hitting China with new tariffs. The tariffs, which caused China to respond with proposed U.S. tariffs of their own, have stoked fears of a potential global trade war. Frank views things differently, however, saying the move will do more good in protecting workers than harm during an interview on the SiriusXM radio show The Dean Obeidallah Show.

“I agree with Trump on this,” Frank said, after being asked for his views on free trade and the newly announced tariffs. “China has behaved outrageously and Trump is right. Look, for a long time I have always argued that trade is a good thing with some bad consequences. The appropriate approach to trade should be to say ‘yes, Continue reading "Barney Frank Praises Trump Over China Tariffs: He’s Doing ‘Exactly the Right Thing’"

Steelworker After Trump Offers Condolences to Dead Father: ‘He’s Still Alive’


This post is by Justin Baragona from Mediaite


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So, this happened today. Just before he signed off on the steel and aluminum tariffs that he announced were coming earlier this month, President Donald Trump brought up some American workers in the aluminum and steel industries to praise the tariffs. And the president thought one worker’s very much alive father was dead. And he offered his sympathies to the man for losing his still-living dad. The president of United Steelworkers Local 227, Scott Sarge, stood up and explained that his father lost his job during the ’80s due to imports coming in. He noted that his father’s “story didn’t end” while thanking the president for the opportunity presented to his workers and union. “Your father Herman is looking down,” Trump said. “he’s very proud of you.” “He’s still alive,” Sarge responded. Saving face, the president explained that Sarge’s father would be “even more proud” of him. Watch Continue reading "Steelworker After Trump Offers Condolences to Dead Father: ‘He’s Still Alive’"

WATCH: Trump Delivers Address on New Steel, Aluminum Tariffs LIVESTREAM


This post is by Ken Meyer from Mediaite


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President Trump will soon deliver his economic policy proclamation for new tariffs to be levied on aluminum and steel imports into the United States. The proclamation is scheduled for 3:30 p.m. EST. Trump held a cabinet meeting earlier today where he previewed his proposal for a 25% tax on foreign steel and 10% for aluminum. “We’re going to be very fair, we’re going to be very flexible, but we’re going to protect the American worker as I said I would do in my campaign,” Trump said. “At the same time, we have some friends and some enemies where we have been tremendously taken advantage of over the years.” Indications suggest that White House officials were scrambling recently to formulate Trump’s tariffs, which will apparently go into effect two weeks from now. Trump will deliver the specifics while he is surrounded by the metal industry workers he had as Continue reading "WATCH: Trump Delivers Address on New Steel, Aluminum Tariffs LIVESTREAM"

Dem Rep Calls for SEC Probe into Trump Pal Carl Icahn for Suspected Insider Trading


This post is by Ken Meyer from Mediaite


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Billionaire investor Carl Icahn might be about to face a federal investigation in connection with his recent stock sales. Cheddar correspondent and Mediaite alumnus J.D. Durkin reports that Congressman Luis Gutierrez (D-IL) is calling on U.S. Securities and Exchange Commission chairman Jay Clayton to launch an inquiry into Icahn’s affairs. Gutierrez suspects Icahn might have committed insider trading with his recent sale of approximately one million shares of Manitowoc Company Inc., an industrial manufacturer that deals heavily in steel. Icahn is a known to be friends with Donald Trump — who caused a lot of commotion recently because Continue reading "Dem Rep Calls for SEC Probe into Trump Pal Carl Icahn for Suspected Insider Trading"

Carl Icahn Denies Insider Trading: Didn’t Know About Trump Tariff Announcement Before Stock Sales


This post is by Josh Feldman from Mediaite


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Last week there was some big news about billionaire investor Carl Icahn selling off a ton of shares in a company very dependent on steel days before President Trump‘s tariff announcement. So there were some questions about whether Icahn had any knowledge of this announcement before it was made public. Per CNBC
We don’t generally comment on rumors, but the recent media speculation regarding our sale of Manitowoc stock calls for a response. We state for the record: Any suggestion that we had prior knowledge of the Trump administration’s announcement of new tariffs on steel imports is categorically untrue. We reduced our position in Manitowoc for legitimate investment reasons having nothing to do with that announcement
White House Press Secretary Sarah Huckabee Sanders was asked about Icahn’s move earlier this week and said she’s “not aware of any conversations” between him and the President. [image via screengrab] Continue reading "Carl Icahn Denies Insider Trading: Didn’t Know About Trump Tariff Announcement Before Stock Sales"

Commerce Sec. Wilbur Ross: ‘We’re Not Trying to Blow Up the World’ With Tariffs


This post is by Josh Feldman from Mediaite


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Commerce Secretary Wilbur Ross continued to downplay concerns about President Trump‘s planned tariffs on steel and aluminum. He appeared on CNBC again today (sans soup can) and defended the President’s decision:
“We’re not trying to blow up the world, there’s no intention of that. We want to balance our needs to fix the trade deficit with the needs of the economy and the needs of the global economy itself.”
He also weighed in on Gary Cohn‘s departure, offering some words of praise and saying, “He’s made a very big contribution to this improved economic environment. He did very good work on the taxes. He’s doing very good work the infrastructure.” He denied there’s Continue reading "Commerce Sec. Wilbur Ross: ‘We’re Not Trying to Blow Up the World’ With Tariffs"