Recently, I received an e-mail from a U.S. electrical products company warning me that, on Oct. 15, the tariff on power supplies and power cords imported to the U.S. from China would increase from 25 percent to 30 percent.
WASHINGTON—The Trump administration says it will delay imposing a 10 percent tariff on a series of consumer goods imported from China—including laptops and cell phones—until December to ease fears about the trade war’s impact on markets and the economy.
MANITOWOC, WI—Tramontina USA Inc., a manufacturer of metal cookware, is ending its US manufacturing operations due to increased costs from tariffs on components such as aluminum, steel studs and glass lids.
In my March editorial, I discussed the impact of steel and aluminum tariffs on assemblers of steel and aluminum products. However, another constituency has also been affected by tariffs: U.S. consumers.
Remember the nursery rhyme about the old lady who swallows a fly? She swallows a spider to catch the fly, a bird to catch the spider, a cat to catch the bird, and so on, until she finally swallows a horse and dies.
WASHINGTON—U.S. industrial production fell 0.6 percent in January, stemming in large part from an 8.8 percent plunge in the making of motor vehicles and auto parts.
WASHINGTON—The White House last Friday laid out objectives for trade talks with Japan, setting the clock for them to begin as early as Jan. 20, as the administration seeks to slash the United States' $69 billion trade deficit with the world's third-biggest economy. According to the document, the United States is aiming to secure duty-free market access for American industrial products and reduce or eliminate tariffs for U.S. agricultural goods.
NORTH CHARLESTON, SC—The Cummins Inc. factory here assembled its 5 millionth turbocharger earlier this month, marking a milestone at the plant, which is on track for a record year of production.
