Page 8 - Trade Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It's kind of like a microcosm of the whole trade problem this country faces, but this ship is going to be an important part of the fleet. a sister one is coming next year, but the philly shipyard needs some help and this administration is trying to provide that. >> so that good news comes on the same day that the lead story all across the country is one of general motors warning that if there is another round of tariffs it's going to harm investment, jobs and wages. respond to gm. >> so, the history of tariffs so far in the trump administration, we've put tariffs on solar, dish washers, steel ...

The two simple rules of president trump, buy america and hire american. the two pieces of legislation that govern this are cargo preference and what's called the jones act. basically, if you have a cargo going between two points in the u.s., the u.s. requires that ship to be built, owned and crewed by americans. n then cargo preference provides similar type of catalyst. and this is a great day. the ship is state of the art. environmentally friendly. low cost. what we have, michael, around the world is foreign shipyards heavily subsidizing their shipyards, dumping capacity around the world, put...

These days is there doesn't seem to be a grasp of how big the problem is, even if we get the stimulus package, it's a temporary fix. we've got to address these structural problems. the problems, you know, in the banks, rising cost of health care, up 9% next year. new premium schedules. the trade problem with china. and the ever-growing problem of energy, which, you know, solar energy, electric cars by themselves, important, yes, won't solve the problem. but neither side seems to really grasp, we need 13 million jobs in three years to get the unemployment rate down to 6%. >> at the end of the d...