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-- 2017 --
July 17: Trump administration unveils goals
in renegotiating NAFTA
https://www.washingtonpost.com/news/wonk/wp/2017/07/17/trump-administration-outlines-goals-for-nafta-rewrite/?utm_term=.c41c3295da5f
October 3: Will The U.S. Solar Industry
Survive Import Tariffs? Trump Holds The Cards
The investigation into cheap imports comes at the behest of two
bankrupt solar panel makers: SolarWorld Americas and Suniva, which is
Georgia-based company that is owned, interestingly, by a Chinese conglomerate
called Shunfeng International. The two are now asking for a minimum import price
of 74 cents per watt for solar modules, nearly doubling the current import
prices.
However, such a tactic would also mean that U.S. produced solar panels would get
taxed as they seek foreign markets. As a result, the Solar Energy Industries
Association (SEIA) that represent solar makers here has come out against it,
saying it would “cripple” one of the “brightest spots” on the energy horizon and
damage a $29 billion segment of the economy.
https://www.forbes.com/sites/kensilverstein/2017/10/03/will-the-u-s-solar-industry-survive-import-tariffs-trump-holds-the-cards/#6bf7047b4a15
November 15: Canada and the United States
aren't getting along on trade ... Canadian officials filed a motion this week
that will create a panel of judges to resolve a bitter dispute between Canadian
and American lumber companies.
Earlier this month, Trump's commerce secretary, Wilbur Ross, reaffirmed tariffs
as high as 18% on Canadian lumber exported to the United States. The tariffs
were
applied in April.
http://money.cnn.com/2017/11/15/news/economy/canada-trump-tariffs-lumber/index.html
-- 2018 --
Back to top
January 22: The Trump administration slapped
a 30% tax on imported solar panels Monday in a move that critics say could slow
down a fast-growing industry and kill tens of thousands of domestic
manufacturing jobs.
The administration's decision followed a trade case brought by two U.S. solar
manufacturers. They contended that cheap solar equipment from China and other
countries hurt their businesses. Trump had long promised to boost manufacturing
jobs by cracking down on Chinese imports.
https://www.usatoday.com/tech/
January 25: LG
Electronics told retailers on Wednesday that its laundry machines will get more
expensive due to a tariff announced by the Trump administration earlier this
week.
... consumers should be prepared for prices to go up by 15% to 20% ...
That could translate to washing machines that are $70 to $100 more expensive, he
said.
http://wtvr.com/2018/01/25/trump-tariff-lg-washing-machine-prices/
January 26: Canadian plane maker Bombardier
(BDRAF)
scored a huge win in its ongoing trade dispute with Boeing.
The U.S. International Trade Commission voted unanimously Friday that Boeing
(BA)
was not harmed by Bombardier and its all-new C Series jet.
The vote effectively shelves two tariffs, totaling nearly 300%, that the U.S.
Commerce Department wanted to impose on
Bombardier.
http://money.cnn.com/2018/01/26/news/companies/bombardier-boeing-itc-vote-harm-ruling/index.html
March 2: The main trading partners of the US
have reacted angrily after President Donald Trump announced plans to impose
tariffs on steel and aluminium imports.
Canada and the EU said they would bring forward their own countermeasures to the
steep new tariffs.
Mexico, China and Brazil have also said they are weighing up retaliatory steps.
Mr Trump tweeted that the US had been "decimated by unfair trade and bad
policy". He said steel imports would face a 25% tariff and aluminium 10%.
However, critics argue that the tariffs would fail to protect American jobs and
would ultimately put up prices for consumers.
http://www.bbc.com/news/world-us-canada-43251320
March 2: Dow closes more than 400 points
lower after Trump says steel and aluminum tariffs coming
https://www.cnbc.com/2018/03/01/us-stocks-powell-fed-trump.html
March 2: 'Trade wars are good,' Trump says,
defying global concern over tariffs
U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars
were good and easy to win, after his plan to put tariffs on steel and aluminum
imports triggered threats of retaliation from trading partners and a slide in
stock markets.
Trump said on Thursday that a plan for tariffs of 25 percent on steel imports
and 10 percent on aluminum products would be formally announced next week.
https://www.reuters.com/article/us-usa-trade/trade-wars-are-good-trump-says-defying-global-concern-over-tariffs-idUSKCN1GE1PM
Back to top
March 2: How Will Trump’s Tariffs Affect
U.S.-China Relations?
http://www.chinafile.com/conversation/how-will-trumps-tariffs-affect-us-china-relations
March 3: Donald Trump's 'chaos' presidency
is 'freaking out his own party' now more than ever before
Recent support for gun control, tariffs put Trump at odds with Republican
orthodoxy
http://www.cbc.ca/news/world/trump-chaos-presidency-freaking-out-his-party-1.4560467
March 4: White House Says No Countries Are
Exempt From Steel and Aluminum Tariffs
http://time.com/5184570/white-house-steel-aluminum-tariffs/
March 4: Trump’s tariffs 'could not have
come at a worse time' for anyone planning to buy a home
http://www.businessinsider.com/donald-trump-tariff-impact-on-housing-and-construction-2018-3
March 4: President Donald Trump’s threatened
trade war has opened a rift within the Republican Party that some lawmakers and
strategists believe could undermine their effort to keep their majorities in
Congress.
Republicans plan to brag about the economy in midterm campaigns in hopes of
countering Trump’s unpopularity, touting a strong stock market, low unemployment
rate and — most importantly — their increasingly popular tax legislation. But
Trump’s suggestion Saturday that he might slap penalties on European cars, in
addition to the tariffs on aluminum and steel he already promised, could upend
that strategy completely, Republicans say.
https://www.politico.com/story/2018/03/04/trump-tariffs-republicans-backlash-midterms-435476
March 4: Trump trade war: China vows
retaliation if tariffs bite
http://www.bbc.com/news/world-asia-china-43278458
March 5: Trump says tariffs will come off if
new NAFTA deal is signed
https://www.cnn.com/2018/03/05/politics/trump-tweet-tariffs-nafta/index.html
March 5: How Trump's tariffs could hand
trade leadership to China
https://www.cbsnews.com/news/is-trump-ceding-global-trade-leadership-to-china/
March 5: Trump Tariff Talk Is for Show, Says
Japan Fund Chief ... President of $1.5 trillion public pension fund sees good
value in U.S. stocks, bonds after recent falls
https://www.wsj.com/articles/trump-tariff-talk-is-for-show-says-japan-fund-chief-1520250413
March 7: Gary Cohn, President Donald Trump's
top economic adviser, resigned Tuesday after a dispute with the president over
tariffs.
https://www.nbcnews.com/politics/white-house/top-trump-economic-aide-gary-cohn-leave-white-house-n854311
March 8: Trump tariffs would barely raise
Boeing’s prices but could hurt sales
“What will have a material impact is if China retaliates,” said Richard
Aboulafia, aerospace analyst at the Teal Group in Fairfax, Virginia. “They are
openly searching for ways to express their displeasure and apply leverage. And
it doesn’t get any more obvious that going from Boeing to Airbus.”
http://gulfnews.com/business/aviation/trump-tariffs-would-barely-raise-boeing-s-prices-but-could-hurt-sales-1.2184354
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March 9: Trump steel tariffs may leave these
U.S. steelworkers jobless
... the Novolipetsk Steel PAO (NLMK) mill, NLMK’s U.S. subsidiary which imports
around 2 million tons of steel slabs annually from its Russian parent company.
The slabs that the mill rolls into sheets for customers including Caterpillar
Inc, Deere & Co Harley Davidson Inc and Home Depot Inc, are almost impossible to
acquire from U.S. steel producers.
Bob Miller, Chief Executive Officer of NLMK’s U.S. unit, said if his company’s
customers refuse to accept a 25 percent price hike as a result of the tariffs,
nearly 1,200 workers could eventually lose their jobs - and the ones in Farrell
would be the first to go when supplies of imported slabs run out.
https://www.reuters.com/article/us-usa-trade-steel-jobs/trump-steel-tariffs-may-leave-these-u-s-steelworkers-jobless-idUSKCN1GL2V9
March 11: Larry Kudlow, the CNBC host
reportedly being considered for White House economic adviser, predicted that
Europe will be exempted from President Trump’s steel and aluminum tariffs
like Mexico and Canada.
“Canada is exempt. Mexico is exempt. Australia is exempt. I guarantee you, all
of Europe is going to wind up being exempt,” Kudlow
told John
Catsimatidis on AM 970 in an interview that aired Sunday. “And I bet you our
allies in Asia will wind up being exempt. China may be the only one [not
exempt].”
https://nypost.com/2018/03/11/larry-kudlow-predicted-europes-exemption-from-trumps-tariff-plan/
March 12: Ford and GM to get hit by Trump's
tariffs -- but not as badly as feared?
Wall Street analysts are growing increasingly worried that President Trump's
proposed tariffs on steel and aluminum will hurt Detroit's top two auto giants.
But investors don't seem nearly as concerned.
http://money.cnn.com/2018/03/12/investing/ford-gm-steel-aluminum-tariffs-trump/index.html
March 22: Trump slaps China with tariffs on
up to $60 billion in imports: 'This is the first of many'
https://www.cnbc.com/2018/03/22/trump-moves-to-slap-china-with-50-billion-in-tariffs-over-intellectual-property-theft.html
March 22: Dow dives 724 points as Trump's
China tariffs sink in
Trump’s decision to levy tariffs on Chinese importsfueled concerns on Wall Street that other nations
will retaliate with their own measures targeting U.S. trade. Investors are also
weighing the impact on manufacturers and other companies that could be hit with
higher costs. The administration recently imposed tariffs on aluminum and steel,
although it exempted some nations including Canada and Mexico.
“For companies that sell to China, or indeed any country outside the U.S., the
effects are likely to be negative—which is why markets are reacting again,” Brad
McMillan, chief investment officer for Commonwealth Financial Network, wrote in
a note to clients.
https://www.foxbusiness.com/markets/dow-dives-724-points-as-trumps-china-tariffs-sink-in
March 24: Canada wants clearer warnings on
junk food. The US is using NAFTA to stop them.
Canada is poised to be the first high-income country to put warning labels on
foods high in salt, sugar, and fat.
https://www.vox.com/2018/3/24/17152144/canada-wants-clearer-warnings-on-junk-food-the-us-is-using-nafta-to-stop-them
Back to top
April 3: Trump administration targets $50
billion in Chinese electronics, aerospace and machinery goods with tariffs
https://www.washingtonpost.com/
April 4: "I think the marketplace is
speaking for itself. Hog futures are down. Stock market is down," says David
Preisler, the CEO for the Minnesota Pork Board. "There are some pieces in the
President's trade policy that we really like, but this is a big piece that we
don't."
Though Republicans and industry experts in key congressional districts from
Minnesota to Florida argue that Trump has been good for their bottom lines, they
acknowledge that a trade war that makes it harder for American products to be
sold in key Chinese markets would not reflect well on Trump's trade rhetoric --
or his midterm hopes.
https://www.cnn.com/2018/04/04/politics/donald-trump-china-2018-iowa/index.html
May 20: US and China halt imposing import
tariffs
http://www.bbc.com/news/business-44190169
May 24: Trump Threatens Allies With New
Tariffs, Sowing Global Confusion
... competing headlines demonstrate how the world’s two largest economies are
likely set for years of skirmishes over commerce as Trump already backs away
from an agreement struck just last weekend with China amid domestic criticism.
https://www.bloomberg.com/news/articles/2018-05-24/trump-orders-probe-to-consider-tariffs-on-u-s-auto-imports
May 24: Trump Declares Military ‘Ready’
After Kim Summit Collapses
https://www.bloomberg.com/news/articles/2018-05-24/trump-calls-cancellation-of-kim-summit-setback-for-world
May 24: Trump Identifies His Trade Weapon of
Choice, to the Dismay of Congress
The president’s use of a national security law to threaten tariffs, most
recently on imported cars, has lawmakers, the auto industry and foreign trade
partners worried
https://www.wsj.com/articles/trumps-gop-allies-worry-over-possible-new-u-s-auto-tariffs-1527179893
May 29: Trump’s trade war with China looks
like it’s back on
The White House said a week ago that tariffs were “on hold.” But now it’s moving
ahead with them.
https://www.vox.com/world/2018/5/29/17405130/trump-tariffs-china-trade-war
May 30: China hit back at U.S.
President Donald Trump’s plan to push ahead with tariffs on $50 billion of
Chinese imports despite a recent truce in the trade fight, saying it damages
America’s standing.
If the U.S. insists on unilateral measures, China will respond accordingly,
foreign ministry spokeswoman Hua Chunying told reporters in Beijing on
Wednesday. The White House said in a statement on Tuesday that a final list of
imported goods to be targeted will be released by June 15, and levies imposed
“shortly thereafter.”
http://fortune.com/2018/05/30/china-donald-trump-flip-flop-tariffs-trade-war/
Back to top
May 31: The Trump administration is imposing
tariffs on steel
and aluminum
imports from Europe, Canada and Mexico after a month-long exemption expires at
midnight. Steel imports will be taxed at 25 percent and aluminum at 10 percent
under proclamations Mr. Trump
signed in March and
reconfirmed Thursday.
That may mean higher prices on everything from SUVs to cans of beer and soda as
companies cope with the higher cost of imported materials as well as the
expected retaliatory tariffs on U.S. exports from angry trading partners.
https://www.cbsnews.com/news/president-trumps-steel-and-aluminum-tariffs-winners-and-losers/
May 31: Trade war? What you need to know
about US steel tariffs
The world is currently closer to a full-scale trade war than at any time since
the 1930s, when the American Smoot-Hawley tariff prompted a domino effect among
other industrialised nations. Many protectionist measures have been introduced
since the global financial crisis of a decade ago but, for the most part, they
have been small scale. The current tension is far more serious ...
https://www.theguardian.com/business/2018/may/31/trade-war-what-you-need-to-know-about-us-steel-tariffs
June 1: Senate Majority Leader Mitch
McConnell joined the calls of his congressional colleagues in asking President
Donald Trump to reconsider a fresh round of tariffs levied against US allies in
Mexico, Canada and the European Union.
"I hope we pull back from the brink here because these tariffs will not be good
for the economy, and I worry that it will slow, if not impeded significantly,
the progress we were making economically for the country," he said.
https://www.cnn.com/2018/06/01/politics/mcconnell-trump-tariffs/
June 15: China tariffs on U.S. soybeans
could cost Iowa farmers up to $624 million
https://www.desmoinesregister.com/story/money/agriculture/2018/06/15/china-tariffs-soybeans-could-cost-iowa-farmers-up-624-million/705121002/
June 19: Trump's New Tariffs Could Hit U.S.
Shoppers Where It Hurts
As the U.S. president
threatens tariffs on an additional $200 billion in Chinese imports, he may
find it difficult to spare electronic goods, clothing and textiles that account
for half of all Chinese exports to the U.S. Last week, Trump’s $50 billion hit
list of made-in-China goods largely focused on high-technology industries such
as robotics, aerospace and cars.
https://www.bloomberg.com/news/articles/2018-06-19/trump-casts-china-tariff-net-wider-and-catches-u-s-consumers
June 20: The European Union will launch a
raft of retaliatory tariffs against US exports on Friday, a top official has
said.
"The unilateral and unjustified decision of the US to impose steel and aluminium
tariffs on the EU means that we are left with no other choice,"
https://www.bbc.com/news/business-44549712
Back to top
June 20: Trump's claims Canadians smuggle
shoes to avoid tariffs 'laughable,' experts say
Canucks ... scuff up shoes they purchase south of the border and smuggle them
back home, he said.
The president "seems misinformed" about the issue, Matt Priest, president of the
Footwear Distributors and Retailers of America, said in a statement.
"We welcome anyone from anywhere to come and purchase shoes in America," he
said. "It helps both our brands and retailers grow. Period. We don't care where
they wear them, and if they get scuffed up all the better so we can sell them
more."
https://www.ctvnews.ca/politics/trump-s-claims-canadians-smuggle-shoes-to-avoid-tariffs-laughable-experts-say-1.3981736
June 20: Could Donald Trump’s tariffs be the
start of a new world electronics order for China?
For decades, China has been the world’s hi-tech assembly plant but a trade war
with the US could put many manufacturers out of business or force them to set up
operations elsewhere
http://www.scmp.com/news/china/economy/article/2151261/could-donald-trumps-tariffs-be-start-new-world-electronics-order
June 25: Harley-Davidson will move some
production out of US after retaliatory tariffs
Harley-Davidson's move is some of the most direct evidence yet that tit-for-tat
trade fights between the United States and other countries have consequences for
American companies. Harley-Davidson said it stood to lose as much as $100
million a year.
The company did not say whether any jobs are at risk. Harley-Davidson, based in
Milwaukee, employs more than 6,000 people globally. Spokesperson Michael
Pflughoeft said the company was "assessing the potential impact" on jobs.
It makes most of its motorcycles in the United States, at plants in Wisconsin,
Pennsylvania, and Missouri.
Europe is its second-largest market behind the United States. In 2017, nearly
40,000 European customers bought new Harleys, compared with about 148,000 in the
United States.
http://money.cnn.com/2018/06/25/news/companies/harley-davidson-motorcycles-tariffs-trump/index.html
June 26: “America First” President Threatens
to Destroy American Company
Trump is not handling Harley-Davidson’s post-tariffs
announcement well.
https://www.vanityfair.com/news/2018/06/donald-trump-threatens-to-destroy-harley-davidson
Back to top
June 26: Trump held Harley up as an American
icon. Now it’s an American icon that is moving jobs overseas.
Harley-Davidson is an American symbol. Trump and the GOP have trotted it out as
a prime example of business success and held it up as a winner from their policy
proposals. Now Harley has become a lesson in how the private sector often
doesn’t respond in the ways politicians want.
Instead of creating jobs in the United States, Harley’s laying off workers, and
it’s expanding operations abroad. And the money it gained from tax cuts? A lot
of this is going to
stock buybacks.
Sen. Ben Sasse (R-NE) ... “The problem isn’t that Harley is unpatriotic — it’s
that tariffs are stupid,” he said in a
statement.
https://www.vox.com/policy-and-politics/2018/6/26/17506424/trump-tariffs-harley-davidson-thailand
June 27: Harley-Davidson: The oddity of the
‘America First’ president bashing a classic American brand
https://www.washingtonpost.com/
June 28: Corker Adds Wrinkle to Farm Bill as
He Pushes Back on Trump’s Tariffs
Agriculture is the ‘No. 1 target’ of foreign retaliation, GOP senator says
Senate Agriculture Chairman
Pat Roberts and ranking member
Debbie Stabenow said Tuesday they were starting to sort through amendments
to the House-passed farm bill to determine how to address them
https://www.rollcall.com/news/politics/corker-adds-wrinkle-farm-bill-pushes-back-trump-tariffs
July 1: Trump tariffs would be bad for the
entire global auto industry, says Moody’s
Threat of 25% tariffs on imports would disrupt the global supply chain and hurt
car makers, parts makers and U.S. dealers
https://www.marketwatch.com/story/trump-tariffs-would-be-bad-for-the-entire-global-auto-industry-says-moodys-2018-06-25
July 3: The U.S. Chamber of Commerce is
usually a political ally of Republicans. But the pro-business lobbying group
took a very public stand yesterday against President Trump's tariffs.
... an equipment manufacturer in the Midwest ... said that the increased price
of steel, which is up about 50 percent this year because of the tariffs, it's
cost them twice as much as the benefit that they're getting from tax reform.
http://news.wsiu.org/post/us-chamber-commerce-denounces-trump-tariff-policies
Undated: Tariffs are the wrong approach ...
China, the EU, Mexico and Canada have already retaliated or announced plans to
retaliate with billions of dollars in tariffs on American-made products.
Tariffs imposed by the United States are nothing more than a tax increase on
American consumers and businesses–including manufacturers, farmers, and
technology companies–who will all pay more for commonly used products and
materials.
Retaliatory tariffs imposed by other countries on U.S. exports will make
American-made goods more expensive, resulting in lost sales and ultimately lost
jobs here at home.
This is the wrong approach, and it threatens to derail our nation’s recent
economic resurgence.
https://www.uschamber.com/tariffs
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July 8: Trump's And China's Tariffs Could Do
Permanent Damage To Soybean Farmers
Brazil is the second largest exporter of soybeans after the U.S. Brazil won’t be
able to quickly make up for a significant shortfall in U.S. imports, but it
could increase production over the long-term if China is willing to commit to
future purchases [making the long-term impact on American farmers even more
significant].
https://www.forbes.com/sites/chuckjones/2018/07/08/trumps-and-chinas-tariffs-could-do-permanent-damage-to-soybean-farmers/#266275187287
July 9: Trump tariffs threaten Alabama’s
auto industry
https://www.foxbusiness.com/features/trump-tariffs-threaten-alabamas-auto-industry
July 17: Hatch threatens legislative action
to rein in Trump tariffs
http://thehill.com/policy/finance/397487-hatch-threatens-legislative-action-to-rein-in-trump-tariffs
July 24: Harley-Davidson looking at ‘all
options’ to deal with tariffs
Harley-Davidson said that as a result of recently enacted tariffs it expects to
incur about $45 million to $55 million in increased costs, which includes
incremental costs of about $15 million to $20 million for steel and aluminum and
about $30 million to $35 million from European Union
tariffs.
https://www.foxbusiness.com/economy/harley-davidson-looking-at-all-options-to-deal-with-tariffs
July 24:
Ivanka Trump is shuttering her clothing line in order to focus on her role as
senior adviser in her father's White House, the company announced Tuesday.
The closure of Ms. Trump's business, which was first reported by the
The Wall Street Journal, will reduce its entanglements in
President Donald Trump's "America First" agenda and protectionist trade
practices. According to a report, workers at one of the Chinese factories of
Ivanka Trump's clothing line were
paid $62 a week. Her business employs 18 people.
But in 2017 as anti-Trump backlash began to grow over connection to her father's
divisive and controversial policies, retailers began distancing themselves from
the Trump line
https://www.nbcnews.com/business/consumer/ivanka-trump-closing-down-her-fashion-business-citing-conflict-white-n894141
July 25: Trump, E.U. announce deal to avert
escalation of trade tensions
https://www.washingtonpost.com/
July 25: President Trump and European
Commission President Jean-Claude Juncker said Wednesday that they have agreed to
work toward removing all trade barriers between the two sides.
In a Rose Garden announcement, Trump said the EU had also agreed to buy U.S.
soybeans, a day after he announced a $12 billion bailout package for farmers hit
by retaliatory tariffs. Trump said the EU will also become a "massive buyer" of
U.S. liquefied natural gas.
https://www.npr.org/2018/07/25/632448563/trump-and-eu-agree-to-work-toward-zero-tariffs
July 26: Farm groups are going on the
offensive with a multimillion-dollar advertising and advocacy campaign against
President Donald Trump’s tariffs just days after the administration rolled out a
$12 billion bailout for farmers harmed by a mounting trade war.
https://www.politico.com/story/2018/07/26/farm-groups-anti-tariff-blitz-trade-aid-711958
Back to top
July 26: Tariffs Once Tore the GOP Apart—and
May Be Doing So Again
It’s only a matter of time before rural voters again learn what their forebears
knew: Protectionist policies are rigged against them.
https://www.theatlantic.com/politics/archive/2018/07/when-trump-country-turns-against-tariffs/566084/
July 27: Coke is raising soda prices because
of aluminum tariffs
A Coca-Cola spokesperson told CNNMoney that the increases will vary depending on
retailer. The company said it's up to stores to determine whether to raise
prices for consumers.
https://money.cnn.com/2018/07/27/news/companies/coca-cola-prices-tariffs/index.html
July 30: Tyson says tariffs and meat glut
are eating into its profit
A trade war and a huge oversupply of frozen meat are bad news for Tyson's
chicken business.
Tyson lowered its 2018 profit forecast nearly 12% on Monday, a dramatic action
in an already rocky year for the food company. The stock fell 6% and is down 26%
for the year.
Tyson (TSN)
also said that it won't get quite the bump it had anticipated from the lower
corporate tax rate that Republicans passed late last year. The company will save
about 10% less than it expected.
https://money.cnn.com/2018/07/30/news/companies/tyson-chicken/index.html
September 7: Trump: Could impose tariffs
'soon' on $200B in Chinese goods
The tariffs would potentially hurt U.S. companies that import everything from
handbags to bicycle tires.
The tariffs would potentially hurt U.S. companies that import everything from
handbags to bicycle tires. A public comment period on the import taxes ended
Thursday. China has said it's ready to impose retaliatory tariffs on $60 billion
of U.S. goods.
The U.S. has already imposed tariffs on $50 billion in Chinese imports, and
Beijing punched back with an equal amount.
https://www.nbcnews.com/politics/donald-trump/trump-could-soon-impose-tariffs-200b-chinese-goods-n907566
September 9: Trump Presses Apple to Shift
Production to U.S.
President’s tweet follows company’s disclosure that China tariffs would hit its
products|
https://www.wsj.com/articles/trump-presses-apple-to-shift-production-to-u-s-1536432033
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September 17: President Trump announced
Monday that he is ordering 10 percent tariffs on $200 billion worth of imports
from China.
Trump also threatened to add tariffs on about $267 billion of additional imports
if China retaliates against U.S. farmers or other industries.
It's the latest round of an escalating trade dispute between the two countries.
The tariffs follow duties on $50 billion in goods imposed earlier this year. The
latest levies are set to go into effect Sept. 24 and remain at 10 percent until
the end of the year. If China doesn't make concessions, the new tariffs will
then jump to 25 percent, a senior administration official said.
The new tariffs will apply to hundreds of items — ranging from seafood to
handbags to toilet paper — that were on a list
released July 10.
https://www.npr.org/2018/09/17/648845578/trump-sets-tariffs-on-200-billion-in-imports-from-china
September 17: Trump, in a statement, said
that the tariffs would rise to 25 percent on Jan. 1, 2019, adding that "if China
takes retaliatory action against our farmers or other industries, we will
immediately pursue phase three, which is tariffs on approximately $267 billion
of additional imports."
The president seeks a new trade agreement amid complaints about alleged theft of
intellectual property by Chinese companies and concerns about the U.S. trade
deficit with China.
Industry groups reacted with dismay following the announcement.
https://www.cnbc.com/2018/09/17/trump-puts-new-tariffs-on-china-as-trade-war-escalates.html
September 17: China said on Tuesday it has
no choice but to retaliate against new U.S. trade tariffs, risking even stronger
action from President Donald Trump in an escalation of the trade war between the
world’s largest economies.
https://www.reuters.com/article/us-usa-trade-china-tariffs/china-says-it-will-retaliate-after-trump-imposes-fresh-tariffs-idUSKCN1LX2M3
November 26: The number of farms filing for
bankruptcy is increasing across the Upper Midwest.
A new analysis from the Federal Reserve Bank of Minneapolis shows 84 farms filed
for bankruptcy in Wisconsin, Minnesota, North Dakota, South Dakota and Montana
in the 12 months that ended in June. That’s more than double the number over the
same period in 2013 and 2014.
The Star Tribune
reports the increase in Chapter 12 filings reflect low prices for corn,
soybeans, milk and beef. The situation has gotten worse for farmers since June
because of the retaliatory tariffs that have closed the Chinese market for
soybeans and held back exports of milk and beef. Chapter 12 bankruptcy allows
for repayment of debt over three years.
https://minnesota.cbslocal.com/2018/11/26/farm-bankruptcies-on-rise-in-midwest/
December 4: Trump meets with German auto
execs, tweets 'I am a Tariff Man'
He outlines 'his vision of all automakers producing in the United States'
https://www.autoblog.com/2018/12/04/trump-meets-german-auto-execs-i-am-a-tariff-man/
-- 2019 --
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January 2: US Trade Rep. Lighthizer thinks
more tariffs could be needed to get meaningful China concessions
https://www.cnbc.com/2019/01/02/us-trade-rep-reportedly-thinks-more-tariffs-needed-to-get-meaningful-concessions-from-china.html
January 3: One of Trump's top economic
advisers thinks the US-China trade war will cause a 'heck of a lot of US
companies' to make nasty announcements like Apple's
https://www.businessinsider.com/hassett-us-companies-china-trade-war-tariffs-like-apple-2019-1
January 23: China First, EU Next? Donald
Trump Faces New Major Trade War as Europe Threatens $23 Billion in Tariffs
https://www.ccn.com/china-first-eu-next-donald-trump-faces-new-major-trade-war-as-europe-threatens-23-billion-in-tariffs/
April 3: Larry Kudlow calls himself “an old
free-trader,” leery of tariffs.
But as the top economic adviser to a president who has wielded tariffs as a
weapon – pushing back hard on trade practices around the world, from North
America to Europe to China and Japan – Mr. Kudlow has come to appreciate
President Donald Trump’s aggressive approach.
“The president’s use of tariffs as a negotiating tool – I think he’s right, I
really do,” Mr. Kudlow, assistant to the president and director of the National
Economic Council, told reporters Wednesday at a breakfast hosted by The
Christian Science Monitor.
https://www.csmonitor.com/USA/Politics/monitor_breakfast/2019/0403/Larry-Kudlow-Trump-economic-adviser-comes-around-on-tariffs-as-a-tool?cmpid=mkt:ggl:dsa-np&gclid=EAIaIQobChMIy6DF-tqh4gIVw7rACh2gDA8EEAAYASAAEgJfQfD_BwE
May 12: Kudlow acknowledges U.S. consumers,
not China, pay for tariffs on imports
In an appearance on “Fox News Sunday” two days after U.S.-China trade talks
ended with no news of a deal, Kudlow was asked by host Chris Wallace about
Trump’s claim.
“It’s not China that pays tariffs,” Wallace said. “It’s the American importers,
the American companies that pay what, in effect, is a tax increase and
oftentimes passes it on to U.S. consumers.”
“Fair enough,” Kudlow replied. “In fact, both sides will pay. Both sides will
pay in these things.”
Pressed again by Wallace, Kudlow acknowledged that China does not actually “pay”
the tariffs.
https://www.washingtonpost.com/politics/kudlow-acknowledges-us-consumers-not-china-pay-for-tariffs-on-imports/2019/05/12/3cbe100e-74b9-11e9-b3f5-5673edf2d127_story.html?noredirect=on&utm_term=.2c374d2a8c04
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May 13: Kudlow acknowledges US will
pay for China tariffs, contradicting Trump
https://www.cnbc.com/2019/05/12/kudlow-says-us-will-pay-for-china-tariffs-contradicting-trump.html
May 13: Since raising tariffs on $200
billion in Chinese goods late last week, Trump has been publicly warning Beijing
not to hit back, saying it "will only get worse" for the country if it takes
further action.
China's Ministry of Finance said it will hike tariffs to as high as 25 percent
on the $60 billion in American imports. Those rates will rise from levels of 5
or 10 percent, depending on the goods. The announcement marks the latest
development in a growing tit-for-tat conflict between the two economic giants
and came just after President Donald Trump had warned China against retaliating.
On Monday evening, Trump said it should be clear in “three or four weeks” if a
U.S. delegation’s recent trip to China for trade talks was successful, according
to a pool report. “I have a feeling it’s going to be very successful,” he said.
He threatened Monday afternoon that more tariffs could be on the way, saying
that he had “the right to do another $325 billion at 25 percent in additional
tariffs” on Chinese goods. His administration filed the paperwork late
Monday afternoon to begin the process of slapping on those tariffs.
Earlier in the day, the president said that he had not made a decision on
whether to impose duties on the final set of goods – a move that would affect
essentially all remaining U.S. imports from China.
https://www.politico.com/story/2019/05/13/trump-china-tariffs-trade-war-1317772
May 15: Trump, Kudlow 'had it out' after
contradiction on who is hurt by tariffs
https://thehill.com/homenews/administration/443761-trump-kudlow-had-it-out-after-comments-on-who-is-hurt-by-tariffs
May 16: Walmart says it will raise prices
because of tariffs
https://www.cnn.com/2019/05/16/business/walmart-earnings-stock-tariffs-trump-china/index.html
-- 2020 --
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