The trade group said it took a previous study by IHS Markit on the potential effect of several different tariff rates and adjusted its figures to reflect Trump's final numbers. The National Renewable Energy Lab has developed a model for estimating how many jobs would be needed for solar installation projects. The Solar Energy Industries Association ran its numbers through that model to estimate how many jobs would be needed in total after accounting for the lower number of solar installations. … [Read more...] about Trump says solar tariff will create ‘a lot of jobs.’ But it could wipe out many more.
Rep. Don Bacon, R-Neb. — “I am extremely concerned about the proposed Chinese tariffs on U.S. soybeans, beef, and corn. Nebraska’s agriculture economy, which exported $6.4 billion of commodities in 2016, is dependent on continued access to foreign markets. China is the single largest export market for agricultural commodities produced in Nebraska, and in 2016 represented almost $1.4 billion in value to the state largely consisting of soybeans, beef, and corn. … [Read more...] about China tariffs prompt strong reaction from Midlanders: ‘This has to stop’
Mr. Trump, who campaigned on making trade deals fair, has made trade a central piece of his agenda in recent weeks. The president last month announced tariffs on steel and aluminum imports — but the U.S. ultimately decided to exempt a number of nations with close ties to the U.S. The president also continues to rail against the North American Free Trade Agreement (NAFTA) as unfair to the U.S. Mr. Trump has threatened to pull out of the agreement entirely if Mexico doesn't improve security at the border. … [Read more...] about Trump’s new economic adviser says it’s possible China tariffs won’t happen
Mr. Trump later argued that "trade wars are good" and that "if you don't have steel, you don't have a country." As for the threat that the policy would instigate trade conflicts with other countries, namely China, Navarro said, "This is not a China problem" … [Read more...] about WH trade adviser: Tariffs will have “negligible” impact on consumer prices
Trump has taken a few other, smaller trade enforcement actions that affect China, and it’s hard to predict where the back-and-forth will end. Trump, of all people, is perfectly capable of screwing the whole thing up. Effectively negotiating with China is a long game that will require reorganizing some supply chains, a process that will create its own winners and losers. Human rights, national security and political stability must be vital considerations ― not just consumer prices and gross domestic product. Trump doesn’t seem to be very good at managing any of that. … [Read more...] about Trump’s Trade Rhetoric Is Unhinged. His Tariffs Aren’t.