Pro-GOP Business Lobbying Giant Goes to War With Trump Over Tariffs

Share

Starting on Monday, the campaign focuses on tariffs being issued by China, Canada, Mexico, and the European Union.

For example, the chamber said Texas could see US$3.9 billion worth of exports targeted by retaliatory tariffs; Tennessee, US$1.4 billion; and South Carolina, US$3 billion. "Waged haphazardly, they can produce a host of collateral damage, harming small businesses, raising consumer prices, and destabilizing sectors ranging from auto makers to hog farmers". They don't want our farm products. "They treat us very unfairly".

The Financial Times reports that the European Union has threatened to retaliate if US President Donald Trump places tariffs on European cars.

Pushing back on Trump, the Chamber based a state-by-state analysis on data from the U.S. Department of Commerce and government agencies in China, the EU, Mexico, and Canada.

It estimated that $294 billion, or around 19% of total U.S. exports past year, could be affected. "When we confront China on unfair trade practices, we need our allies, especially those in the European Union, with us, not against us".

Steve Kerr Finalizing Extension With Golden State
Paul George (player option): He has one of the best all-around games in the league and is still fairly young at 28. Since joining Golden State, Kevin Durant's free agency has been as anticlimactic as the Warriors' title pursuits.

Trump has said that allies such as the European Union are "as bad as China" on trade.

The group's analysis of the harm each U.S. state could suffer from retaliation by USA trading partners painted a gloomy picture that could bring pressure on the White House from Republicans ahead of congressional elections in November.

In the interview the president again complained about Canada's protected dairy industry, saying "that's not fair".

European Commission spokesman Margaritis Schinas said Monday the US investigation into the possibility of auto tariffs "lacks legitimacy, factual basis and violates worldwide trade rules", just like last month's USA tariffs on steel and aluminum imports.

Trump on Wednesday said he supported tougher restrictions on foreign investment in sensitive technology, as well as export controls on those goods, but he stopped short of imposing specific restrictions on China.

Raging California wildfires have turned the sky orange. See the photos
Heavy smoke can be seen across the Bay Area, as far west as Petaluma and as far south as San Francisco and Redwood City. Immigration officials have requested that they be allowed to take custody of him if he's released from jail.

The United States is set to impose tariffs on $34 billion worth of additional goods from China on July 6.

"The economy is doing perhaps better than ever before, and that's prior to fixing some of the worst and most unfair Trade Deals ever made by any country", he tweeted.

"Chinese M&A of US firms peaked in 2016 and fell sharply a while ago", said Jeffrey Kleintop, chief global investment strategist at Charles Schwab, in an email interview with Investopedia.

The president announced 25 percent import tariffs on hundreds of Chinese products to pressure the country to alter its practices.

Thai rescuers find missing boys, coach alive in cave
They are now too weak to move, and certainly not strong enough to swim out under their own power, but they are all alive. If the boys are found alive, the precarious task of getting them out will become an urgent - and complicated - task.

Share