Why Tariffs Are Not Raising Prices

It’s now eight months after the first set of Trump administration tariffs went into effect, and so far the much-feared economic costs of tariffs have yet to appear. In most cases, consumers have not seen any increases in the pricesof goods containing tariffed products because the costs have been absorbed by producers in the supply…

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The Tariffs Are Working

By Jeff Ferry, CPA Research Director Since January, the Trump administration has implemented five major tariff policies, on the solar panel, washing machine, steel, and aluminum industries, as well as the so-called Section 301 tariffs affecting $250 billion worth of Chinese imports, chiefly in intermediate manufactured goods. And so far, the evidence is that the…

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Trump Names Lighthizer to Run U.S.-China Negotiations

Editor’s note: This is a positive development.  WASHINGTON—President Trump has named U.S. Trade Representative Robert Lighthizer, a hard-liner on China, to head trade negotiations with Beijing following a weekend summitwith Chinese President Xi Jinping, people familiar with the decision said. [ Bob Davis and Vivian Salama | December 3, 2018 | WSJ] The president informed Mr. Xi of his…

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Scholars Warn of Chinese Influence Operations in U.S.

Excerpt: Many of the people who contributed to the report are prominent scholars with a deep affection for China who held out hope that its government would liberalize. Their disillusionment represents a shift in the debate over the trajectory of U.S.-China relations. More hawkish administration officials and advisers said they saw the report as evidence the U.S. China-policy establishment is…

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GM cutbacks a result of overvalued dollar

Editor’s note:  It is very important to fix the noncompetitive dollar. The economic surge for farmers, ranchers, workers and manufacturers would be very large.  It made for heavy news this week. General Motors announced plans to cease production at five plants that could lead to roughly 14,700 layoffs by the end of 2019. GM shutdowns will hit hardest in industrial states like…

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