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NBC News (June 25)

2018/ 06/ 26 by jd in Global News

“The Trump Administration’s trade war is starting to have real impacts on farmers who grow everything from corn to cotton.” Soybeans look set to bear much of the economic pain. “Soybeans were the nation’s largest agricultural export in 2017 and China was the biggest buyer, purchasing 57 percent of the total. But since China announced the tariff, the price of soybeans has fallen by roughly 15 percent to a more than two-year low.”

 

Wall Street Journal (May 25)

2018/ 05/ 27 by jd in Global News

“President Trump wants everyone to know he is a master trade negotiator, but this week his volleys look more like a mess than mastery. His China policy is all over the place, Nafta is in jeopardy, and his new threat to impose a 25% tariff on auto imports undercuts his foreign policy and economic goals.”

 

Wall Street Journal (December 4)

2017/ 12/ 05 by jd in Global News

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.”

 

Wall Street Journal (April 25)

2017/ 04/ 26 by jd in Global News

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.”

 

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