dagblog - Comments for "Trade War: Killing the Golden Goose"

Great Bloomberg chart showing

artappraiser — Fri, 08 Jun 2018 00:06:06 +0000

In reply to Trade War: Killing the Golden Goose

Great Bloomberg chart showing "Soybean Voters" who'll get slammed by Chinese tariffs. Won't be pleasant for Midwest Republicans this November. pic.twitter.com/OToevIF3Df
— Joshua Green (@JoshuaGreen) April 4, 2018

This Ohio factory thought it

artappraiser — Thu, 07 Jun 2018 20:28:14 +0000

In reply to Trade War: Killing the Golden Goose

This Ohio factory thought it could bring U.S. jobs back from China. Then Trump got involved.

By David J. Lynch @ Business @ WashingtonPost.com, June 6, with video

CLEVELAND — Bill Adler was invited last year to bid on a contract to make commercial sausage stuffers for a company that wanted to replace its Chinese supplier. The customer had just one nonnegotiable demand: Match China’s price.

Adler, owner of metal-parts maker Stripmatic Products, thought he could. But even as he readied his proposal, talk of President Trump’s steel tariffs sent the price of Stripmatic’s main raw material soaring.

In April, with prices up nearly 50 percent from October and the first wave of tariffs in place, Adler’s bid failed. His costs were too high.

Today, instead of taking business from China, Adler worries about hanging onto the work he has. He hopes that the president’s tariffs are just a negotiating tactic.

“It’s got to be short-term, or I’ve got to find another way to make a living,” Adler said, only half joking. “It’s going to be an ugly scenario if it doesn’t end quickly.”

Stripmatic’s plight is an example of the hidden costs of Trump’s “America First” protectionism. During decades of increasing globalization, leaders of both political parties reassured critics that the gains from trade were dispersed across myriad less-expensive products — and thus often difficult to identify — while the costs were obvious every time a factory closed [....]

How about $80 billion? Will

artappraiser — Tue, 05 Jun 2018 18:54:06 +0000

In reply to Trade War: Killing the Golden Goose

Tariffs for sale: How about $80 billion? Will ya take $75?....

China offered to buy $70 billion in U.S. products to ward off Trump’s tariffs

The offer was made in talks in Beijing over the weekend with Commerce Secretary Wilbur Ross, part of sensitive trade negotiations that could force President Trump to make a tough decision about accepting this proposal or pushing for more.

By Steven Mufson and Damian Paletta @ WashingtonPost.com
2 hours ago

and this organization of

artappraiser — Tue, 05 Jun 2018 04:58:52 +0000

In reply to Trade War: Killing the Golden Goose

and this organization of farmers is begging him not to kill their golden goose:

Farmers for Free Trade responds

“We have a surplus in agriculture trade. So by the President’s own metric, U.S. agriculture trade has been winning. They only thing that could put that at risk are harmful tariffs that will tax the very exports our farmers depend on" https://t.co/rrcUPd8Ssw
— Ana Swanson (@AnaSwanson) June 4, 2018