Wall Street Journal (December 4)
As “Trump and Wilbur Ross tee up tariff brawls for the New Year,” the odds of a “coming aluminum war” increase. “Dumping investigations usually start when a company petitions the government,” but for the first time in 25 years “the Commerce Department last week announced a “dumping” investigation into Chinese aluminum imports.” The government initiated case is just “one more sign that the Trump Administration is heading toward a major escalation in trade conflict that would hurt Americans.”
Tags: Aluminum war, China, Commerce Department, Dumping, Imports, Ross, Tariff, Trade conflict, Trump
Wall Street Journal (April 25)
Will protectionism be as welcome once the costs are realized? The Journal reports “Commerce Secretary Wilbur Ross announced Monday that the Trump Administration will raise the cost of new single family homes in the U.S. as part of its promise to ‘make America great again.’” The Journal adds, “Mr. Ross didn’t put it quite that way.” Ultimately, however, the 20% tariff on lumber from Canada Mr. Ross did announce “will add an additional $1 billion in new costs for U.S. construction.”
Tags: Canada Construction, Costs, Homes, Lumber, Protectionism, Ross, Tariff, Trump, U.S.
