New penalties on imported washing machines, solar panels


RESPONSIBILITY TO TERMINATE THOSE EMPLOYEES.>>Bret: YOU ARE WELCOME BACK ANYTIME. THANK YOU. HERE AT THE WHITE HOUSE, NEW EXAMPLES OF PRESIDENT TRUMP’S AMERICA FIRST ECONOMIC AND TRADE POLICY. THE U.S. IS SLAPPING TARIFFS ON IMPORTS OF TWO PRODUCTS. THE MAKERS ARE NOT HAPPY. KEVIN CORKE REPORTS JOINS ME WITH THE STORY.>>GOOD EVENING. IT’S VERY INTERESTING. THIS IS THE PRESIDENT’S FIRST MAJOR MOVE TO LEVEL THE GLOBAL PLAYING FIELD WHICH HE HAS LONG SUGGESTED HAS BEEN TILTED AGAINST AMERICAN COMPANIES. HE IS GETTING READY TO TAKE A TRIP TO A MAJOR ECONOMIC SUMMIT IN EUROPE WHERE HIS “AMERICA FIRST” POLICIES WILL LIKELY BE AT ODDS WITH GLOBAL POLITICAL AND BUSINESS LEADERS. STRONG.>>IT WAS A MOVE THAT COULD BE SUMMED UP IN TWO WORDS. “AMERICA FIRST.” PRESIDENT TRUMP SIGNED EXECUTIVE ORDERS CALLING FOR STIFF TARIFFS ON IMPORTED SOLAR PANELS AND WASHING MACHINES.>>OUR COMPANIES WILL BE NOT TAKEN ADVANTAGE OF ANYMORE, AND OUR WORKERS ARE GOING TO HAVE LOTS OF REALLY GREAT JOBS WITH PRODUCTS THAT ARE GOING TO BE MADE IN THE GOOD OLD USA.>>THE PRESIDENT’S DIRECTIVE HIGHS 30% ON SOLAR MODULES AS WELL AS RESTRICTED QUOTAS TO LIMIT THE NUMBER COMING INTO THE U.S. MARKET. A DIRECT RESPONSE TO U.S. INDUSTRY PLEAS FOR HELP TO STEM THE TIDE OF A RECENT FLOOD OF CHEAP IMPORTS. WHICH LED U.S. APPLIANCE GIANT WHIRLPOOL TO FILE A PETITION FOR RELIEF FROM SOUTH KOREAN APPLIANCE MANUFACTURERS SAMSUNG AND LG. CHINA EXPRESSED “STRONG DISSATISFACTION” TODAY, CALLING THE U.S. DECISION ABOUT ABUSIVE TRADE REMEDY MEASURES. THE TRADE BARRIERS COME BY WAY OF A 1974 LAW THAT PERMITS COMPANIES TO SEEK RELIEF IF THEY CAN PROVE SERIOUS INJURY FROM A SUDDEN SURGE IN IMPORTS. ROBERT LIGHTHIZER SAID THE TRUMP ADMINISTRATION WILL ALWAYS DEFEND AMERICAN WORKERS, FARMERS, RANCHERS, AND BUSINESSES. IN TARGETING IMPORTED LIKE WASHING MACHINES IS OFTEN COMPLICATED BY THE FACT THAT MANY OF THE PARTS USED TO CREATE THE ITEMS ARE AMERICAN-MADE. THIS IS THE PRESIDENT PREPARES TO TRAVEL TO THE WORLD ECONOMIC FORUM IN DAVOS, THE FIRST U.S. PRESIDENT TO ATTEND SINCE BILL CLINTON. EXPERTS WARNED THE PRESIDENT’S PENCHANT FOR AGGRESSIVE POLICIES COULD OVERSHADOW THE GATHERING.>>IS THIS A HARBINGER OF THINGS TO COME? THE PRESIDENT HAS A NUMBER OF DIVISIONS ON STEEL THE PRESIDENT HAS A NUMBER OF
DIVISIONS ON STEEL, ALUMINUM, CHINESE INTELLECTUAL PROPERTY THEFT.>>THE PRESIDENT’S CHIEF>>THE PRESIDENT BELIEVES WE CAN HAVE WIN-WIN AGREEMENTS. AMERICA FIRST IS NOT AMERICA ALONE.>>INTERESTING THERE, BIT OF PUSHBACK FROM A USUALLY RELIABLE ALLY. YOU MAY REMEMBER SOUTH CAROLINA’S GOVERNOR AN EARLY PROPONENT OF THE PRESIDENT’S CAMPAIGN IN 2016 AND WHOSE ESTATE HAS RECENTLY OPENED A 380 MILLION DOLLAR SAMSUNG FACILITY, CALLING THE PRESIDENT’S DECISION TO IMPOSE THESE TARIFFS ON IMPORTED WASHING MACHINES A BAD DECISION.

Leave a Reply

Your email address will not be published. Required fields are marked *