Sentences with phrase «tariff war»

And a full - scale tariff war with China would likely expose the largest U.S. export sectors to steep duties, including aircraft, semiconductors, corn and soybeans, trade lawyers said.

The delegation's trip comes amid a tit - for - tat tariff war between the world's two largest economies that could escalate if the Trump administration follows through on a threat to impose tariffs on up to $ 150 billion of Chinese imports.

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The question is whether the President and his advisers have carefully thought through the ramifications to the U.S. economy of a retaliatory tariff war.

That 1930 act significantly raised tariffs on goods coming into the United States, and «economists still agree that Smoot - Hawley and the ensuing tariff wars were highly counterproductive and contributed to the depth and length of the global Depression,» then - Federal Reserve Chairman Ben Bernanke said in 2013.

Additional detail: One primary purpose of trade agreements is to forestall tariff wars.

¶ «Trump Tariff War Roils Markets, May Cause Massive Job Losses.

Thomas J. Donohue, the president of the U.S. Chamber of Commerce, said Tuesday that there were «serious, growing and legitimate challenges» about Chinese practices, but he also cautioned against the effect of a tit - for - tat tariff war.

Bombardier is no Airbus but it is still a global player and concerns were mounting in the U.K. as Boeing pushed its tariff war, specifically over the fate of 4,000 Bombardier manufacturing jobs in Northern Ireland.

He even said he welcomed a tariff war, given the size of the U.S. import - export deficit, tweeting Friday:» Trade wars are good, and easy to win.»

Prices held steady until Thursday when President Trump announced another round of the tariff war with China sending prices down $ 1.50 a barrel on Friday.

Bloomberg's David Fickling reported on March 2 why a tariff war with China could not come at a worse time for Boeing.

A tariff war does not furnish good soil for the growth of world peace.»

Workers in construction, transportation, retail, banks, hotels, utilities and other professionals would «clearly lose» in a tariff war, the economists say, adding farmers would be doubly hurt — paying higher prices for imported goods and seeing export options curtailed.

We can never win a tariff war,» he said.

This is attributed to the tariff war the US seems to have started, a fact that everyone around the world noticed and is worry about.