U.S. Commerce Secretary Wilbur Ross on Tuesday said there were some short-term c...
FILE PHOTO: U.S. Commerce Secretary Wilbur Ross meets with Greek Prime Minister Kyriakos Mitsotakis at the Maximos Mansion in Athens, Greece September 5, 2019. REUTERS/Costas Baltas
WASHINGTON - U.S. Commerce Secretary Wilbur Ross on Tuesday said there were some short-term costs associated with the Trump administration’s get-tough shift in trade policy, but said those would be offset by longer-term gains for the U.S. economy. He said U.S. tariffs on Chinese imports had brought Beijing to the negotiating table, and helped facilitate a trade agreement reached in principle with China last Friday. U.S. tariffs were also accelerating moves by many companies to shift their production facilities out of China, he said.
“The Trump administration is focusing more intently on trade than any other prior administration. There are some short-term costs associated with this shift, but there are much greater, long-term, potential and probable gains,” he told an event hosted by the Federalist Society.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
On #MeToo's Second Anniversary, Tarana Burke Wants to Shift the Focus Back on Survivors'You cannot forget these people. You cannot forget us. You cannot forget people who have the courage.' –TaranaBurke MeToo
Weiterlesen »
Charles Schwab stock rebounds after reporting record client assets amid shift to zero commissionsBrokerage firm Charles Schwab said its client assets reached a record high of $3.77 trillion on Tuesday, in its first earnings report since dropping commission fees.
Weiterlesen »
Climate activists in London shift site but keep up protestsClimate protesters say they will continue their campaign despite being moved by police from their Trafalgar Square encampment
Weiterlesen »
Volkswagen CEO says electric car shift won't hurt margins: paperVolkswagen does not expect the shift in production toward electric cars aimed at...
Weiterlesen »
Jefferies recommends Chinese internet stocks amid trade war, sees 'long-term value'Jefferies initiated coverage on 25 Chinese stocks, including Alibaba and Tencent, as it feels market expectations have reset on the sector.
Weiterlesen »
A Jarring New PSA Compares The Dangers Of Kids Playing Football To SmokingA new PSA from the Concussion Legacy Foundation, compares tackle football to smoking in terms of potential long-term health damange it can have on kids.
Weiterlesen »