When President Donald Trump visited a Whirlpool factory in Ohio in August, he boasted that his trade policy had led to the creation of about 200 jobs for the appliance manufacturer at the plant.
"There have been some successes, but if you have to assess in the whole, the US is in a worse position with respect to trade than it was when Donald Trump took office," said Edward Alden, a trade specialist with the Council on Foreign Relations. "Many other countries put retaliatory tariffs on the US, and on many US agricultural exports," Gertz said.Trump has made reviving manufacturing a key plank of his pitch to voters ahead of his November 3 election showdown with Joe Biden, but data show his administration has a mixed record.
come from higher paid workers, as well as tougher labor clauses that obliged Mexico to reform its laws.back to the United States, it hasn't exactly happened so far. "Despite the president's message aimed at making people believe China pays the tariffs on American imports, it is obvious that it is the consumers and companies which bear the burden," he said.have caused revolts in some industries, including steel – the American Institute For International Steel sued over the levies two years ago in a case that is before the Supreme Court.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: cebudailynews - 🏆 8. / 71 Read more »