After months of feint, bluster and desultory attempts at compromise, the phony trade war between the U.S. and China has given way to the real thing. For the sake of both countries, these self-defeating hostilities need to cease – and the principal responsibility for this rests with the U.S., which has fired the first shot. […]
trade war
Posted inNation / World, sj-web
U.S. tariffs take effect; China announces retaliation
BEIJING (AP) — The United States and China hiked tariffs Friday on billions of dollars of each other’s goods, launching what Beijing called the “biggest trade war in economic history” in a spiraling dispute over technology. The Trump administration is confronting Beijing over development tactics it says include stealing or pressuring foreign companies to hand […]
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Posted inOp-Eds, sj-web
U.S. needs help to win the trade war
WASHINGTON — If we are to have a “trade war” with China, it would be best to win it. We should be better off after the fighting. Unfortunately, the chances of this happening seem slim to none, because President Trump’s plan of attack suggests that everyone — us and them — will lose. Interestingly, there’s […]
Posted inMaine, sj-web
China’s threatened tariff on U.S. lobster has Maine’s industry on edge
The Maine lobster industry is reeling at the prospect of losing its biggest overseas market. Industry leaders warn that a proposed 25 percent Chinese tariff on U.S. lobster exports will drive U.S. lobster prices down, causing untold harm to an industry that was counting on China to offset market losses in Europe caused by a […]
Posted inNation / World, sj-web
China targets $3 billion of U.S. goods in tariff spat
BEIJING (AP) — China announced a $3 billion list of U.S. goods for possible retaliation in a tariff dispute with President Donald Trump and girded Friday for a bigger battle over technology policy as financial markets sank on fears of global disruption. The Commerce Ministry said higher duties on pork, apples, steel pipe and other […]
Posted inNation / World, sj-web
Republicans want Donald Trump to back off his tariff proposal
WASHINGTON (AP) — In a remarkably public confrontation, House Speaker Paul Ryan and other Republican allies of President Donald Trump are pleading with him to back away from his threatened international tariffs, which they fear could spark a dangerous trade war. Trump retorted: “We’re not backing down.” The president on Monday said U.S. neighbors Canada […]
Posted inNation / World, sj-web
Donald Trump: 'Trade wars are good, and easy to win'
WASHINGTON (AP) — President Donald Trump on Friday insisted “trade wars are good, and easy to win,” a bold claim that prompted pushback from a Nebraska Republican who quipped “kooky 18th century protectionism will jack up prices on American families.” Trump has declared that the U.S. will impose punishing tariffs on steel and aluminum imports, […]