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In January, the U.S. and China agreed to a trade deal that cut some U.S. tariffs on Chinese goods in exchange for Chinese pledges to purchase more American farm, energy and manufactured goods and address U.S. complaints about intellectual property practices.
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.
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.
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.
ANDERSON, SC—Electrolux, which is in the process of expanding its refrigerator assembly plant here, has applied for an exemption to the tariffs being imposed on products from China.
WASHINGTON—President Donald Trump, using Twitter again to criticize a company he once hailed as a “true American icon,” gave his backing to a boycott of Harley-Davidson motorcycles if the company moves some production out of the U.S.
