"We'll be making solar products now much more so in the United States. Our companies have been decimated, and those companies are going to be coming back strong. . . . A lot of workers; a lot of jobs."- President Donald Trump, discussing a new tariff on solar-cell imports in remarks at the White House, Jan. 23, 2018---Trump says a tariff on solar-energy cells and panels will create jobs and revive a U.S. manufacturing sector that has been decimated by imports.The tariff sparked controversy in the solar industry after Trump imposed it Jan. 23. A couple of remaining U.S. solar-cell manufacturers say it will help them get back on their feet. But the developers that install solar panels and farms - a much larger segment of the industry - say it will hike their costs, kill projects and make it harder to compete with wind and natural gas.Fueled by low prices and innovations in imported solar cells, the U.S. solar market began to grow at a breakneck pace starting in 2010.But the tariff is … [Read more...] about Trump says solar tariff will create ‘a lot of jobs.’ But it could wipe out many more.
Wednesday's Chinese tariff announcement brought strong responses from agricultural groups and elected representatives.American Farm Bureau Federation President Zippy Duvall — “Farmers and ranchers are, by necessity, patient and optimistic. We know markets ebb and flow. But China’s threatened retaliation against last night’s U.S. tariff proposal is testing both the patience and optimism of families who are facing the worst agricultural economy in 16 years. This has to stop."Farmers and ranchers "cannot afford to lose any market, much less one as important as China’s. We urge the United States and China to return to negotiations and produce an agreement that serves the interests of the world’s two largest economies.” Steve Nelson, president of the Nebraska Farm Bureau -- “ Despite (our) warnings, this Administration moved forward. Over the course of the last three days those actions have led to China enacting retaliatory tariffs … [Read more...] about China tariffs prompt strong reaction from Midlanders: ‘This has to stop’
Last Updated Apr 4, 2018 12:43 PM EDT President Trump's new top economic adviser told reporters outside the White House Wednesday it's possible the new tariffs announced on China won't actually go into effect. White House Economic Council Director Larry Kudlow claimed the president is ultimately in favor of free trade, despite the president's arguably protectionist positions. Last month, the Trump administration announced it might impose new tariffs on some $50 billion worth of Chinese goods — and China says it would retaliate with their own tariffs on $50 billion of U.S. goods."He wants to solve this with the least amount of pain," said Kudlow, adding, "this is a growth action. I can't emphasize that enough."In an interview on Fox Business Network's "Varney & Co." Wednesday, Kudlow pointed out that "nothing concrete has actually happened" in terms of tariffs on Chinese products. Kudlow also reminded Fox Business Network he himself is "not a fan of tariffs," but … [Read more...] about Trump’s new economic adviser says it’s possible China tariffs won’t happen
Peter Navarro, director of the Office of Trade and Manufacturing Policy at the White House, says the effect of the Trump administration's new steel and aluminum tariffs on consumer prices will be "negligible to nothing." "Let me just do a little numbers for you. A six pack of beer or coke -- aluminum, cent and a half at the most in terms of costs," Navarro said on CBS News' "Face the Nation" on Sunday. "Go to the other end of the spectrum. One of the greatest planes ever made, the Boeing 777. Three-hundred-thirty million dollar aircraft, 10 percent tariff on aluminum raises the cost of that by $25,000." He added, "These effects are second order small and, you know, I think the American people are willing to pay a cent and a half more for a six pack of beer in order to have an aluminum and steel industry." Transcript: White House trade adviser Peter Navarro on "Face the Nation," March 4, 2018 President Trump made the surprise announcement that his administration will be … [Read more...] about WH trade adviser: Tariffs will have “negligible” impact on consumer prices
POLITICS 04/04/2018 06:46 pm ET Updated 5 hours ago Trump is a bad messenger for a reasonable idea. By Zach Carter 190 Before Donald Trump was elected president, the large and expanding American trade deficit with China was widely recognized as a problem. China’s entry into the World Trade Organization in 2001 had destroyed millions of good jobs in the United States, eroded the earning power of American workers, and left many towns and communities economically gutted. U.S. manufacturing jobs began disappearing almost immediately, and growing evidence suggests the “China shock” never really ended. Sustained U.S. trade deficits made the Great Recession worse and put a drag on economic recovery. Even today, with the unemployment rate down to 4.1 percent, the trade deficit with China continues to put downward pressure on U.S. wages, and many who lost their jobs never re-entered the labor force. Tougher enforcement against unfair trade practices … [Read more...] about Trump’s Trade Rhetoric Is Unhinged. His Tariffs Aren’t.