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(Updated: )
Ricky Lim ·
Despite continued economic growth, US businesses and farmers are increasingly concerned about the trade spat with China which already has pushed prices higher, according to a Federal Reserve survey released on Wednesday (Apr 18).
In the wake of the steep tariffs imposed last month by President Donald Trump, steel and aluminium prices have risen around the country, in some cases with double-digit increases, the Fed said.
The Cleveland Fed reported steel prices had increased at double-digit rates in some cases, while across the country there were reports of companies stockpiling steel against further price hikes.
In the Boston region companies said the trade dispute represents "a major risk," and already are seeing increased aluminium prices.
"These tariffs are now killing high-paying American manufacturing jobs and businesses," one said.
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Trump tariff and trade war is now killing American businesses and American jobs - as well as hiking prices for American consumers.
Trump is not concerned about American businesses, jobs and consumers --- Trump is only interested in playing to the gallery of his supporters and voters --- and care very little for the consequences and welfare of Americans.
So should American voters continue to support Trump?
Better not.
In the wake of the steep tariffs imposed last month by President Donald Trump, steel and aluminium prices have risen around the country, in some cases with double-digit increases, the Fed said.
The Cleveland Fed reported steel prices had increased at double-digit rates in some cases, while across the country there were reports of companies stockpiling steel against further price hikes.
In the Boston region companies said the trade dispute represents "a major risk," and already are seeing increased aluminium prices.
"These tariffs are now killing high-paying American manufacturing jobs and businesses," one said.
--
Trump tariff and trade war is now killing American businesses and American jobs - as well as hiking prices for American consumers.
Trump is not concerned about American businesses, jobs and consumers --- Trump is only interested in playing to the gallery of his supporters and voters --- and care very little for the consequences and welfare of Americans.
So should American voters continue to support Trump?
Better not.
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Ricky Lim ·
Trump is not learning from historical lessons of 1930s Deep Depression - how US tariff and trade war bring economic miseries and sufferings to American people as well as to the World - that lead to World War 2.
Trump is definitely not learning from it and in fact ignore it - and applies all the historical mistakes all over again.
Should American voteres continue to support Trump?
Trump is definitely not learning from it and in fact ignore it - and applies all the historical mistakes all over again.
Should American voteres continue to support Trump?
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