Page 13 - Slapping Tariffs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Growth and more creation. >> reporter: the reality is more complicated in today's 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 world's 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 china, mexico and others by slapping tariffs on their imports. in general the president is serving not...

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 to implement different bumpers on the u.s. market or on the on the india market and this makes trade ...

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. i'm dave briggs. >> i'm christine romans. "new day" picks it up now. tando. and we covered it, july first, twenty-fifteen. talk to farmers. we know a thing or two because we've see...

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 isn't in such a great place. quote it's 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. it's not a new issue. the president seems to be almost happy to publicly pick a fight with canada. >> he needs a new enemy to put on the table. i me...

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 of lumber imported last year was used for home construction. wilbur ross called it a, quote, bad week...