Page 16 - Input Prices News Today

Economic marketplace, as you see the prices ripple through the economy, what were going to see is like in 2002, job losses and in that case, 2002, more jobs lost throughout the economy than jobs -- mark: i think i read 200,000 in ten months. >> were at the early stages of this. looking a year from now, i dont see how it would be much different than in 2002 and all the other times one would try to impose tariffs on steel. mark: what about the impact on inflation, when youre driving up the cost of...

People to the table. >> we cant say for sure because it all hasnt taken effect yet. but the deeper we get into this, the further we go, the more insults that the president directs at these country, the more he turns up the dial on this -- and this is unrelated, but we went after the german government today, angela merkel -- the more likely it is that this, in fact, is going to happen. certainly, weve seen in the case of steel and aluminum tariffs, steel prices are way up. those input prices are ...

But the right way to address them is with the rest of the world having our back rather than driving the rest of the world to be on chinas side, which makes it so much easier for china to resist us. we have no evidence that this strategy as of yet is going to produce results. what we know is that the tariffs that china is likely to impose will cost jobs of people who would otherwise have been involved in exporting to china, and probably even more important, what we know is that were shooting ours...

he called it an inadvertent error. that has not quieted the protests in afghanistan. the talibans calling on muslims to seek revenge. whos going to be the prime minister of australia come monday. the stage is set for a showdown. the governing labor party will vote on monday. rudd says ms. gill lard cant win the next election. well have more on that story in just a moment. im zain verjee. "world business today." good morning. from cnn london, im nina dos santos. this is "world busin...

a moment on "world business today." in south korea, landslides and flooding sparked by heavy rain has killed at least 44 people. rescue workers are searching for survivors in and around the capital. hundreds of people have lost their homes and thousands dont have power. were getting the first videos of the moment of the bomb blast in oslo during fridays terror attacks. the norwegian prime ministers announced an independent commission to examine the killings there and on utoya islan...

It would be very hard to contain the damage in that situation. you are seeing manufacturing companies complain about the fact that their input prices have gone up from the earlier steel and aluminum tariffs as well as things like semiconductors and other intermediate goods they use to create products and jobs as well in the united states. the national association of manufacturers came out with a statement saying, yay for the jobs report, but boo for the trade war. >> christine, when it comes to ...

That need to be addressed. but the right way to address them is having the rest of the world having our back, rather than driving the rest of the world to be on chinas side, which makes it so much easier for china to resist us. we have no evidence that this strategy as yet is going to produce results. what we know is that the tariffs that china is likely to impose will cost jobs of people who would otherwise have been involved in exporting to china. and probably even more important, what we know...