Although both have U.S. operations, Suniva is Chinese-owned and SolarWorld is a German company. Bloomberg News reported that the biggest winners from the tariff could be "a group of investment houses around the globe": Centerbridge Partners, JPMorgan Chase, SQN Capital Management, Marathon Asset Management and Bank of America's Merrill Lynch International. They are all creditors of Suniva or SolarWorld and stand to benefit if either company is sold or liquidated or if the United States manages to settle several global trade disputes in their favor. … [Read more...] about Trump says solar tariff will create ‘a lot of jobs.’ But it could wipe out many more.
U.S. Meat Export Federation President and CEO Dan Halstrom — "Over the past nine months, interest in U.S. beef has steadily gained momentum in China and our customer base has grown. But if an additional import tariff is imposed on U.S. beef, these constructive business relationships, and opportunities for further growth, will be put at risk. USMEF is hopeful that this trade dispute can be resolved without China introducing additional obstacles for U.S. beef. … [Read more...] about China tariffs prompt strong reaction from Midlanders: ‘This has to stop’
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. … [Read more...] about Trump’s new economic adviser says it’s possible China tariffs won’t happen
"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." … [Read more...] about WH trade adviser: Tariffs will have “negligible” impact on consumer prices
These inadequacies were well understood before Trump took office. In September 2016, the New America Foundation held a major conference on American foreign policy and China, effectively acknowledging that the past 20 years had been a mistake. “The bottom line is that Chinese mercantilism is a growing problem, and the victims of that mercantilism have little to lose from a trade confrontation,” Paul Krugman wrote on New Year’s Eve 2009. Even the free-trading Obama administration believed the WTO was largely obsolete and ineffective, which was why it spent eight years negotiating the Trans-Pacific Partnership (which the U.S. ultimately failed to approve) with 11 other nations. … [Read more...] about Trump’s Trade Rhetoric Is Unhinged. His Tariffs Aren’t.