The trade war is destroying American profit
CNNNew York CNN Business — This is what a trade war looks like. “President Trump’s trade war is doing significant damage to the US and global economies,” said Mark Zandi, chief economist at Moody’s. “The higher tariffs act like a tax increase on businesses and their customers.” If President Donald Trump follows through on his threat to raise tariffs again on Chinese imports in December, those tariffs would amount to a more-than $100 billion tax increase next year, Zandi calculated. Once hailed by President Donald Trump as the kind of American company his trade war was meant to protect, higher costs for steel and aluminum to make its bikes in the US has coincided with a demographic shift that favors big new markets in Asia, and fewer Americans buying Harleys. Its CEO Brian Goldner: “If the December 15 tariffs were to take effect, we would take pricing to again protect our gross margin, and those price increases would be passed along to consumers.” Of course, part of the strategy of the tariffs was to nudge companies to diversify their supply chains outside of China, and return production home.
History of this topic
Trump is threatening to raise tariffs again. Here’s how China plans to fight back
LA Times
China warns ‘no one will win’ if Donald Trump starts trade war
The Independent
The world faces its worst trade wars since the 1930s
Hindustan Times
Let's hope new US president ends conflicts as promised
China Daily
Let's hope new US president ends conflicts as promised
China Daily
Let's hope new US president ends conflicts as promised
China Daily
Let's hope new US president ends conflicts as promised
China Daily
Opinion: The US government must end its war on the American economy
CNN
Biden treads carefully around Trump’s combative trade policy
Associated Press
Report: De-escalation of trade war would lift jobs, incomes in US
China Daily
US-China trade war is the last thing the world economy needs now
CNN
The U.S.-China War Over Trade and Tariffs, Explained
Bloomberg
US-China trade deal negotiations hit another snag
CNN
America’s economy is slowing. Ending the trade war could fix that
CNN)
'China eating the tariffs’: US president Donald Trump mocks protracted trade war with Beijing ahead of talks in Washington
Firstpost
The trade war hasn’t hit its peak yet. The US and China will both pay a heavy price (opinion)
CNN
Germany: The trade war is part of a ‘perfect storm’ hitting Europe’s biggest economy
CNN
Trade war: Trump defends fight against China despite risks
CNN
US-China trade war is starting to get out of hand
CNN
Trump Ratchets Up U.S.-China Trade War With More Tariffs; Stocks Slide
NPR
US-China trade war: Global economy dodges a bullet but isn’t out of danger
CNN
For the U.S. and China, it’s not a trade war anymore — it’s something worse
LA Times
Here’s the worst-case scenario for the US-China trade war
CNN
Rural America feels the sting of Trump’s China trade war
CNNWhy has the U.S. raised trade war stakes?
The Hindu
Top Chinese official says trade war with US could reduce country’s GDP by 1%
Live Mint
Tariffs are President Donald Trump’s go-to move
CNN
Trade war: US stock markets fall sharply after Trump imposes new tariffs on China
The Independent
US manufacturer accuses Trump of keeping him from doubling his workforce in brutally blunt op-ed
Raw Story
US tariffs are reigniting the trade war with China. What happens next?
CNN
Opinion | Another Trump tweet, another trade salvo
Live Mint
US-China trade war: This is a make or break week
CNN
There’s a trade war with China. Here’s why most Americans haven’t noticed
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