“While we support the tax cuts and overall deregulatory agenda of the Administration, these ongoing tariff battles put the industry at a significant disadvantage and jeopardizes our potential for economic growth.” …
The US alleged in a World Trade Organization (WTO) case that the EU’s subsidies for aircraft manufacturer Airbus are a violation of international trade rules and harm the US economy. After years of litigation, Lighthizer said the Trump administration decided to make a move to punish the EU. …
Maine Coast, one of the largest lobster companies in the state, says tariffs on its lobsters headed to China have taken a bite out of sales but the company has strategized on how to make up the lost revenue. CEO Tom Adams said, “There is no question the tariffs have hurt us but our strategy has always been to be nimble and we have aggressively sought out new markets and are making greater inroads in familiar markets. …
The U.S. is the No. 1 importer of Thai orchids, bringing in $20 million worth of the flowers a year. But Washington in 2018 removed a tariff exemption on the blooms, which had been granted for decades under the Generalized System of Preferences, a program for promoting the growth of developing economies. …
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