Another failure of Trump’s tariff policies
Category: Tariffs
Other countries will make trade deals without us
Trump’s tariffs will hurt the US. Other countries will be glad to make trade deals that leave us out.
The EU and Japan have signed a major trade deal eliminating most tariffs. https://t.co/VBP68LktG4
— Axios (@axios) July 17, 2018
The European Union signed its largest trade deal ever, a pact with Japan that will slash customs duties on products like European wine and cheese, while gradually reducing tariffs on cars https://t.co/NHlUiMyOqO
— The New York Times (@nytimes) July 17, 2018
Meanwhile, in a parallel universe, the EU and Japan are today signing the largest free trade deal either of them has ever negotiated. It will create an open trade zone covering nearly a 3rd of the world's GDP https://t.co/SO84O8OQ3A
— Ian Dunt (@IanDunt) July 17, 2018
China looks to get cozy with EU in annual talks as Trump tariffs bite https://t.co/Mbv9P8OfNy pic.twitter.com/4xCHrl7TKG
— Reuters Top News (@Reuters) July 16, 2018
CEO of Chinese retail giant https://t.co/IQbSMPuYZF on U.S.-China tariffs: "For my company, I can tell you it’ll be OK. Anything we cannot import from the U.S. we can get from Europe, Japan or other countries." https://t.co/6LKPXtE6oC
— Axios (@axios) July 16, 2018
U.S.-China trade row helped BASF land $10 billion Guangdong chemicals coup: sources https://t.co/bQ0pkr6vtf pic.twitter.com/iSCNDVd7qY
— Reuters Top News (@Reuters) July 11, 2018
Tariff roundup July 15
This is vital for everyone to understand:
– much of the damage to the US from Trump's tariffs may be permanent
– tariffs on multiple countries at once makes them work together against you
– these new partnerships will severely hurt US for decadeshttps://t.co/9zgxLlpn6u— John Oberlin (@OMGno2trump) July 11, 2018
Because Trump never divested from his business, the president is deciding trade policy with China while making money off of his business ties to China.https://t.co/lSjYX9Q6LA
— Citizens for Ethics (@CREWcrew) July 12, 2018
Breaking News
Consumer sentiment slips a little on increase tariff concerns. Interestingly, rich folks are driving those concerns because middle and lower income earners understand what the fight is about and its not short-term increase of cheap stuff at Walmart. pic.twitter.com/WfUtHkysjC— Charles V Payne (@cvpayne) July 13, 2018
Gutless – it’s non binding!
The Senate voted 88-11 this week to constrain presidential authority to use national security as justification for taxing foreign goods, but the measure was nonbinding.https://t.co/5unXukDk8m
— NPR (@NPR) July 13, 2018
It's starting…
The tariff talks have already cost SD farmers and ranchers hundreds of millions of dollars, experts said, as the value of their crops has dipped amid international concern about new tariffs.
It's a loss that many can't sustain https://t.co/62jomKJ4lm
— Indivisible Network (@IndivisibleNet) July 14, 2018
One farmer I talked to today told me how he passed on an expansion opportunity because he wasn’t sure if it would be worth the investment because of how tariffs are affecting sales. He would’ve needed 25 more workers. That’s 25 lost jobs in Fayette Co. because of these tariffs. https://t.co/V70EbB33QP
— Phil Bredesen (@PhilBredesen) July 13, 2018
Laundry equipment is the first victim of trade tariffs (which came into effect in Feb.) Over the past three months prices have increased by 20%. JPM: pic.twitter.com/5bOnUFDZjL
— Tracy Alloway (@tracyalloway) July 15, 2018
Find out how your state will be affected by the #TrumpTariffs at the US Chamber of Commerce site: https://t.co/eKQvMP1MkM
— NoTrumpsClub (@NoFordsClub) July 15, 2018
Wisconsin GOP lawmaker: Harley-Davidson is right to move production overseas in response to Trump tariffs https://t.co/7ZDkRB3vEo pic.twitter.com/2orhUpYLlA
— The Hill (@thehill) July 15, 2018
#EmergingMarket policymakers may see more pressure to raise rates if #FX depreciation and tariffs stoke inflation. pic.twitter.com/4ZcOBUObix
— IIF (@IIF) July 15, 2018
There aren't enough American imports for China to put tariff hikes on an extra $200 billion https://t.co/TiiLikKUkp pic.twitter.com/tZBEYGSGGL
— Bloomberg (@business) July 15, 2018
ICYMI: @CBS4Shaun reports how the President's tariffs are directly harming farmers & ranchers in Colorado — from commodity prices to planting decisions. One thing is clear from our discussion this weekend: Nobody wins in a trade war. pic.twitter.com/S0Pv6pI8o1
— Michael Bennet (@SenBennetCO) July 15, 2018
.@SusanPage on tariffs: "If you start costing people jobs and costing consumers more for things like soybeans and motorcycles and Jack Daniel's, this is an issue that could hurt Republicans running and some of these red states." #FoxNewsSunday pic.twitter.com/BXgfaWZtxs
— Fox News (@FoxNews) July 15, 2018
Happy #NationalMacAndCheeseDay!
Also, it's probably worth mentioning that China and Mexico have imposed new tariffs on US cheese as a result of the trade war started by @realDonaldTrump. https://t.co/E5ZBBdaBWJ
— Ted Lieu (@tedlieu) July 14, 2018
Hyundai union warns Trump tariffs could cost 20,000 U.S. jobs https://t.co/zyOnS8QEDa pic.twitter.com/glK6VcJXoD
— CBS News (@CBSNews) July 15, 2018
WATCH: Clamping down on trade: China's retaliatory tariffs could hurt U.S. lobstermen https://t.co/0CY860hqaa pic.twitter.com/kQyR5KNyWk
— Reuters Top News (@Reuters) July 15, 2018
Washington state rancher: “All of agriculture is nervous. The futures market has been zipping up and down…based on people being nervous of the Chinese tariff – and they are worried about Canada, too.” https://t.co/E0omrblIDX
— Daniel Dale (@ddale8) July 15, 2018
The latest round of planned tariffs gets closer to consumers, hitting products such as tuna, handbags and mattresses. Here's look at how U.S. businesses might be affected. https://t.co/RZVBbGbZRW pic.twitter.com/MgKEaGlTIZ
— The Wall Street Journal (@WSJ) July 12, 2018
Hitting them where it hurts: Americans pay more for beer as tariffs cause hike in aluminum prices.https://t.co/ZDXmq9HR17 pic.twitter.com/kAOv8rUKGb
— CBC Nova Scotia (@CBCNS) July 15, 2018
Trump Fed Reserve chairman: US businesses are growing more concerned about Trump tariffs https://t.co/iOzXjU8eKi pic.twitter.com/IV0u88XQaj
— The Hill (@thehill) July 12, 2018
Key GOP chairman: Trump tariffs have been "very detrimental" to my home state https://t.co/yXoPAO6KJm pic.twitter.com/VKpHpOawa9
— The Hill (@thehill) July 11, 2018
This trade war is already impacting our farmers’ bottom lines. This thing was started by partisan politicians in Washington, but I’m committed to fighting hard to fix it because I only answer to North Dakotans.https://t.co/Yfsf6sTFhm
— Heidi Heitkamp (@HeidiHeitkamp) July 12, 2018
Some MAGA hats made in China may spike in price because of Trump tariffs
Note – this is about a private company, not the Trump campaign which makes their hats in the US, according to their web site.
Some MAGA hats made in China may spike in price because of Trump tariffs https://t.co/SRhQMxFVPA pic.twitter.com/GMeJ7SmeTV
— The Hill (@thehill) July 14, 2018
Tariffs roundup – 7/1-7/10
Canada and China have slapped the US with retaliatory tariffs in response to President Trump's tariffs and the result could adversely impact the American consumer's bottom line https://t.co/YLHDSai53U pic.twitter.com/1bgmUuFPWi
— CNN (@CNN) July 2, 2018
The EU criticizes the Trump administration for considering tariffs on auto imports, saying they could lead to global retaliation against some $300 billion in U.S. goods. https://t.co/2PuM4qKaGZ pic.twitter.com/xJFQy01cAL
— ABC News Politics (@ABCPolitics) July 2, 2018
The president of the Chamber of Commerce on Trump’s tariffs: “The administration is threatening to undermine the economic progress it worked so hard to achieve. We should seek free and fair trade, but this is just not the way to do it.” https://t.co/LA0CQsLYgS
— Axios (@axios) July 2, 2018
Excellent NYT look at the early U.S. impact of the steel/aluminum tariffs: "Mr. Farrer has halted all hiring, leaving about 30 positions unfilled, and has canceled, at least for now, a major capital purchase…Vaughn has similarly put a brake on hiring…" https://t.co/4Z8x9McyTP
— Daniel Dale (@ddale8) July 5, 2018
From Florida to Wisconsin to Washington state, Trump risks threatening the very industries he pledged to protect on the campaign trail https://t.co/ncMaJD5s8i
— Axios (@axios) July 8, 2018
From hopeful to concerned: How the lobstermen in Maine are being impacted by Trump's trade war with China.
The latest from @VaughnHillyard pic.twitter.com/61URfkBcNl
— Kasie DC (@KasieDC) July 9, 2018
Problem for Trump: BMW is a major employer in South Carolina. This is currently the most popular article on The Post and Courier website in Charleston:
"BMW increasing production in China and raising prices on SC-made SUVs in response to tariffs"https://t.co/UcafVaTAkY
— Heather Long (@byHeatherLong) July 10, 2018
Miraculously, Ivanka Trump’s business is somehow exempt from President Trump’s tariffs.https://t.co/8HT7nyyUHa
— Citizens for Ethics (@CREWcrew) July 10, 2018
BMW joins the list of auto companies moving production overseas due to Trump's tariffshttps://t.co/5jspjSehXc
— Axios (@axios) July 10, 2018
One place that Trump's tariffs are helping: Granite City, Illinois, where U.S. Steel is adding back 800 jobs. https://t.co/oeWy36JEb9
— Daniel Dale (@ddale8) July 8, 2018
Trump’s trade war is wreaking havoc on the dairy farmers he says he wants to help. https://t.co/9nPLKdOc32 pic.twitter.com/E1p1vVcrAu
— Slate (@Slate) July 8, 2018
China’s tariffs are targeted at Trump voters
Here's our breakout of county exposure to potential gyrations from new China tariffs
65 percent of the jobs in targeted industries are in counties carried by Trump
Comment by @ThePlumLineGS https://t.co/Ge0N8dmQJe@jimtankersley @matthewsdolan @ObsoleteDogma @JohnCassidy pic.twitter.com/q8EfcDApxe
— Mark Muro (@MarkMuro1) July 9, 2018
Congressional districts affected by the soy tariffs
Most voted for Trump. I don’t feel sorry for them. He’s doing what he said he would do.
Here are the 30 congressional districts hit hardest by the new soy tariffs: 25R, 5D — but all 30 districts voted for Trump in '16 (https://t.co/qbb1O0qRI3) pic.twitter.com/5sKATtXuAg
— Joshua Green (@JoshuaGreen) July 6, 2018
Products affected by tariffs
A look at products targeted by US, China tariffs https://t.co/86hI4wn5QJ
— Zeke Miller (@ZekeJMiller) July 6, 2018
Trump tariff tracker
NEW: WaPo has a Trump Tariff Tracker:
-Trump has put tariffs on $85 billion worth of imports.
-He's hit all 5 of America's top trading partners with tariffs.
-China, Canada, the EU and Mexico have all fired back. (Only Japan is still playing nice)https://t.co/dFAQUAqEIq pic.twitter.com/IcOTVrUJm1— Heather Long (@byHeatherLong) July 6, 2018
Polls show tariffs are unpopular except for his base
He only cares about his base.
WaPo-George Mason poll:
74% think Trump's "taxes known as tariffs" will be bad for U.S. products
56% think they will be bad for U.S. jobs
— Aaron Blake (@AaronBlake) July 6, 2018
Kudos PM Trudeau! "Sane" americans are with you! https://t.co/WyYGcUT911
— Vicki (@Vicki92402710) July 1, 2018
62% in U.S. disapprove ‘of Donald Trump trying to impose new tariffs on Canada’—27% approve—10% unsure—June 14-17 CBS News poll
— Vector Research (@vectorresearch) July 2, 2018
2. I'll miss this series a lot. Jeremy breaks apart our weekly @MorningConsult poll and gives us a really smart take on the context behind the public's opinion: https://t.co/lAvIWBOSzq
— Jon McClure (@JonRMcClure) June 29, 2018
.@WashingtonPost Poll: Trump announced plans to impose tariffs on some goods imported to US. China responded by announcing tariffs on some US goods sold in China. Do you think this situation will be good or bad for cost of products in US?
% Good/Bad
RV 23/73
Dem 11/89
GOP 37/56— Aron Goldman (@ArgoJournal) July 6, 2018
A more recent CBS poll suggests that this divide may have further widened. In June, 71% of Reps approved of the tariff decision while 73% of Democrats disapproved.https://t.co/zo9FlipHS9
— Brad Jones (@B_radJ_ones) July 6, 2018
Sad! 