“Countries cannot permanently buy from us unless they are permitted to sell to us,” the economists say. “We would urge our government to consider the bitterness which a policy of higher tariffs would inevitably inject into our international...
Negotiators are plowing ahead to try to secure a deal by May 1, which is also when temporary exemptions for U.S. steel and aluminum tariffs on imports from Canada and Mexico are due to expire, sources say.
China is trying to reduce a reliance on $200 billion of annual semiconductor imports. It buys about 59% of the chips sold around the world, but in-country manufacturers account for only 16.2% of the industry’s global sales revenue.
“We were very optimistic about what the TPP would enable for Harley-Davidson,” said CEO Matt Levatich. “It took seven years for it to come to fruition. We could see the writing on the wall, and we got busy with Plan B.”