The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Port Newark NJ, U.S. tariff collections surged to a record high in April, with customs duties hitting $16.3 billion for the month, according to data released Monday by the Treasury Department. The spike reflects the growing impact of President Donald Trump’s new trade tariffs, including the 10% across-the-board levy on imports that went into effect on April 2.
the staff of the Ridgewood blog
Geneva Switzerland, Secretary of the Treasury Scott Bessent: “I’m happy to report that we made substantial progress between the United States and China in the very important trade talks. First, I want to thank our Swiss host. The Swiss government has been very kind in providing us this wonderful venue, and I think that led to a great deal of productivity we’ve seen. We will be giving details tomorrow, but I can tell you that the talks were productive. We had the vice premier, two vice ministers, who were integrally involved, Ambassador Jamieson, and myself. And I spoke to President Trump, as did Ambassador Jamieson, last night, and he is fully informed of what is going on. So, there will be a complete briefing tomorrow morning.”
the staff of the Ridgewood blog
Everett Washington, the Trump administration tariffs have saved American manufacturers struggling to keep blue-collar jobs in the U.S. from moving production overseas, according to Electric Mirror CEO Jim Mischel, whose industry has been hit hard by unfair trade practices by China and other countries.
the staff of the Ridgewood blog
Washington DC, the United States and the United Kingdom announced a historic trade deal – providing unprecedented access to the U.K. markets while bolstering U.S. national security.