Page 7 - Slapping Tariffs News Today

Growth and more creation. >> reporter: the reality is more complicated in todays economy. many manufactured products, fans can be made almost anywhere. countries that can pay their workers less have a competitive advantage over those with higher labor costs. that, in part, explains why many of the worlds cheaper manufactured goods are made in asia and not in america. that has ramifications. >> thes -- the cost of free trade is loss of jobs. >> reporter: president trump has threatened to hit chin...

Seeing is that rather than slapping tariffs on imports countries are going about it in a more subtle way my question to you so what if they do countries have a right to protect their economies has it really hurt global trade. you know absolutely actually we show in a recent study doubt these so-called muntari various are increasing since the financial crisis in particular in two thousand and nine and to give you an example we mean with that is like you know german exports for example they need t...

Slapping tariffs on chinese steel, more tariffs on chinese steel, another piece of the whole negotiating -- the negotiating, you know -- >> that would have huge consequences back here. he talked about reciprocal trade relationships ahead. >> all right. >> colonel cedric leighton, thank you very much figure -- for being here on a hugely consequential morning as the president heads to the g-20. that will do it for us. im dave briggs. >> im christine romans. "new day" picks it up now. tando. and we...

Enemies across the border but not the border you might think. the president started off by slapping tariffs on lumber from the great white north. canada says it will sue. usually a chummy relationship isnt in such a great place. quote its been a bad week to u.s. sa u.s./cana u.s./canada trade relations. >> the lumber issue, the dairy issues from time to time, back and forth, the issue is the canadian government subsidizes some of these products. its not a new issue. the president seems to be alm...

After. slapping tariffs up to 24% on five canadian companies, all other canadian lumber exporters face duties of nearly 20%. this is in response to claims the canadian government subsidizes homegrown companies there allowing them to sell in the u.s. at lower prices. this has been a dispute that goes back to the 1980s. the companies and canadian lawmakers denounce the decision, they call the accusations baseless. they say the move would hurt american home builders most. most of the $5.6 billion o...

>> it is an unusual. the idea that it is an unusual focus or spotlight on him. the unusual spotlight that the cabinet nominees face. two top men having hearings this week. wilbur ross. some think it could be market moving this kind of hearing. this incoming administration is serious about slapping tariffs on imports. treasury secretary nominee, steve mnuchin on the hill thursday. mnuchin is a goldman sachs an slum alum. he advised goldman sachs on the government bailoutme. he blasted hillary c...

Specific company. if trump did get that approval, he could slap a tariff on all goods coming into the u.s. bottom line here, slapping tariffs is possible, but it is complicated. a difficult thing to do. >> a lot easier to ask for congressional support which he doesnt have across the board. >> looks like it is easier to tweet. up next, new developments in the oakland warehouse fire. why investigators had the building on the radar long before it went up in flames. and a mistrial for a former p...

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