Quotes
There is nothing so international and so ambitious in scope,
he said, as Pillar Two's underfunded profits rule, and there was a big gap between the Biden administration and Congress on the issue, with Biden's team more or less accepting the premise of the tax policy What this means is that U.S. steel and aluminum prices will be substantially higher than world prices for the foreseeable future,
Gary Clyde Hufbauer, a nonresident senior fellow at the Peterson Institute for International Economics, told Xinhua Absent IEEPA, there would need to be some kind of agency action first before any trade remedy tariffs can be imposed … but everything seems to be on the fast track,
That spells harm for a large number of downstream industries that use steel and aluminum. Those downstream industries employ about 10 times as many workers as the steel and aluminum industries,
I expect the same outcome, but worse, this time,
said Hufbauer of the Peterson Institute for International Economics In the short-term we will be paying more for steel and aluminum and everything made with them, most importantly cars,
Dean Baker, a senior economist at the Center for Economic and Policy Research, told Xinhua So iPhones, iPads, tablets, laptops -- all of that from Apple would now be hit, which is kind of a big escalation compared to how consumer goods were shielded from most of the first trade war tariffs,
says Erica York, vice president of federal tax policy at the Tax Foundation The US president agreed that an exemption was under consideration in the interests of both of our countries,
Albanese told reporters after the call The tariffs Trump imposed during his first term were more targeted. This time around, more Americans will feel the impact. Among the imports affected are a whole slew of consumer goods, including footwear, toys, video game consoles and electronics,
according to a report by National Public Radio At the international level, there’s something like 5,000 different descriptions at the 6-digit (product subheading) level, so 5,000 times 186 nations. It’s almost an artificial intelligence project,
The major companies in Australia are majority held by, the largest shareholder, is China,
For example, if Colombia has a high tariff on coffee in order to protect its industry, we would put a high tariff on Colombian coffee to match theirs, even though we don’t grow coffee. The only people hurt would be U.S. consumers,
We have a [trade] surplus to Australia, one of the few. And the reason is they buy a lot of airplanes. They are rather far away and need lots of airplanes,
The damage will extend beyond just the steel and aluminum sectors, impacting all businesses that rely on these materials throughout the supply chain,
Foreign customers are shifting their supply chains away from U.S. producers. Once removed, especially for smaller, family-owned businesses, it is difficult to regain that lost business,
I deeply regret the US decision to impose tariffs on European steel and aluminum exports,
Ursula von der Leyen, the president of the European Commission, reaffirmed in a social media post We are the US’s closest ally. Our economies are integrated. Canadian steel and aluminum are used in a number of key US industries, whether it is defence, shipbuilding, manufacturing, energy, automotive,
Small businesses run on very small margins. And so a 25-percent increase in any product is going to hurt,
Sandra Payne, an owner of Denver Concrete Vibrator, which imports steel and other raw materials, told The Associated Press news agency We were being pummelled by both friend and foe alike,
Trump said as he signed the orders on Monday Unjustified tariffs on the EU will not go unanswered - they will trigger firm and proportionate countermeasures,
