Editors note. The president wasn’t kidding. The process of raising tariffs on all Chinese imports has begun FOR IMMEDIATE RELEASE May 10, 2019 Contact: USTR Public & Media Affairs [email protected] Statement By U.S. Trade Representative Robert Lighthizer on Section 301 Action Washington, DC – U.S. Trade Representative Robert Lighthizer today released the following…
Excerpt: “If all of the [China] tariffs were passed through to consumers–which has not happened judging by price data–the overall impact on prices would be only a 0.1 percentage point rise, according to the San Fran Fred’s estimate.” Although the prospect of a tariff hike has loomed large in financial markets and the financial media…
Excerpt: “Simply put, there is no tariff armageddon. Wages and purchasing power are up. But consumer prices aren’t.” Beijing has run roughshod over our economic well-being — and there are national security implications to rampant hacking [Michael Stumo | May 9, 2019 | LifeZette] The talking heads at CNBC are panicked right now about the…
Editor’s note: Good job by the Federal Communication Commission for blocking China Mobile’s application to operate in our market. The first time ever national security based denial by the FCC. China Mobile — the world’s largest mobile operator with nearly 930 million customers as of February 2019 — first filed an application for permission to operate…
Excerpt. “To the president’s credit, the tariffs are working,” said Dan DiMicco, the chairman of the trade lobbying group Coalition for a Prosperous America and a former trade adviser to Mr. Trump during his 2016 campaign. “America’s manufacturers and workers are now seeing gains as manufacturing employment rises and China’s hold on the U.S. market…
