Throughout his 2016 presidential campaign, Donald Trump vowed to fix unfair trade agreements that he said were taking advantage of hard-working Americans. He has already imposed steep tariffs on imported aluminum and steel from Mexico, Canada, and the European Union, prompting trade disputes and retaliatory tariffs from some of the U.S.’s biggest allies and trading partners. And on Friday, Trump tweeted a threat to impose a 25 percent traffic on European-made cars.
At the same time, the U.S. has hit China with a 25 percent tariff on $50 billion worth of goods, a move immediately matched by Beijing, which imposed its own tariffs on $50 billion worth of American goods including beef, poultry, tobacco, and cars. Now, President Trump has volleyed back with the threat of tariffs on another $200 billion worth of Chinese goods, which brought accusations of “blackmail” and promises of “strong countermeasures” from China.
How far will this war escalate, and how will it hurt Americans, including those in Trump’s political base? One study found that the tariff tit-for-tat with China could cost as many as 134,000 American jobs, including 67,000 in agriculture. With the increased price of steel, many are also worried that America’s auto industry will see serious price increases and job cuts.
That’s where our experts can help. Herman Berliner, an economist and dean of the Zarb School of Business, law professor and foreign policy expert Julian Ku, and Jean-Paul Rodrigue, professor of global studies and geography and an expert in global trade and shipping, can speak with reporters about how the Trump administration’s policies on trade will affect the U.S.’s economy as well as its global relationships. Click on one of their icons above to arrange an interview.
China is slamming the US with $34 billion in tariffs — here are the states that will be hurt the most
China is hitting the US with $34 billion in tariffs and nine states are going to see more than $1 billion of exports get hurt by the tariffs. Most of the states are in the south since the tariffs focus on agricultural and energy goods.Business Insider