President Donald Trump's top economic adviser, Gary Cohn, resigned Tuesday in what was widely viewed as a protest against the president's plan to impose
huge tariffs on steel and aluminum imports into the US.
The president - elect has threatened to slap
huge tariffs on Chinese imports, which could trigger a trade war.
This is perhaps the most timely driver, considering President Donald Trump's recent announcement that he'll seek
huge tariffs on steel and aluminum, and his subsequent comment that «trade wars are good.»
He warns that
a huge tariff on imports could be counterproductive for the U.S. economy.
Not exact matches
Harper says the Liberals passed up
on a chance to renew the softwood lumber agreement in exchange for supporting the Trans - Pacific Partnership, and he says their subsidies to Bombardier set the stage for
huge tariffs today.
A report from the United Nations Conference
on Trade and Development concluded that a Doha agreement could cost developing countries
huge losses in
tariff revenue, four times as much as any benefits they might gain.
Generating steel jobs through punitive
tariffs is already a questionable policy (more
on that in a minute), but what's clear is that if Trump pulls the trigger
on this, it could generate a
huge wave of economic instability across the world.
Rather, it is the expansion of trade negotiations from agreements that once focused primarily
on tariff reductions to far broader regulatory documents that now mandate domestic legal reforms and establish dispute resolution systems that can be result in
huge liability for national governments.
«The volume of trade between [the US and China] is obviously
huge and what the
tariffs are actually
on is pretty small, so I don't think we're going to see a big escalation.»
Britain offers a
huge pool of knowledge and skills supporting innovation, therefore we would strongly oppose the introduction of
tariffs as they restrict trade and ultimately have a detrimental effect
on innovation, which is driven by the reinvestment of profits.
There is a lot at stake as the UK is the world's second largest wine importer and the loss of
tariff - free trade could have a
huge impact
on the wine market.
«If you take the Economic Intelligence Unit (EIU)[report], they said 2017 and onward is going to be a period of prosperity for Ghana and that is because of the foundation that we have laid, it's because of the work that we have done, we've eliminated a lot of the deficits that were created by
huge subsidies
on utility
tariffs, we eliminated a lot of the subsidies that created
huge deficits
on the cost of petroleum products, today as I speak, Tema Oil Refinery (TOR) is running, and producing petroleum products for Ghana, we have enough stock of LPG, our tanks and strategic reserves for petroleum products are all full, and, so, we have ships standing offshore Ghana with petroleum products, but there is no space to offload those products, and, so, we've done a good job in stabilising various sectors of the economy.
Excluding EU fishing vessels from the UK is very likely to result in the EU slapping down high
tariffs on fish, causing
huge damage to the fishing industry and coastal communities in the UK.
CEO Mark Fields spoke about the potential 35 percent
tariff at the Los Angeles Auto Show and acknowledged that it would have a
huge impact
on not only the auto industry but the whole US economy.
While Jio's
tariffs start from Rs 149 per month only, the
huge talking point is how users will never have to pay for voice calls, messages or
on roaming.
A few weeks later, Bush slapped a 30 percent
tariff on many types of imported steel — a
huge gift.
Article left out
huge elephant in the room: Tesla is the only company that has to pay 25 % import
tariff in China, the country that make up more than half of all EV sales
on this planet