Final Thoughts

There is a considerable amount of information/debate happening in Washington, D.C., Canada, Mexico, China and Europe regarding tariffs either in place or being threatened by the Trump administration. We included a press release in tonight’s issue that was sent out by Wilbur Ross of the U.S. Department of Commerce earlier this week. U.S. Trade Representative Robert Lighthizer is making news on a daily basis with comments being made in Congress about using the threat of Section 301 tariffs to enforce provisions in the U.S.-Mexico-Canada trade agreement.

Speaking of Section 301’s, the big negotiations are between the U.S. and China. There is a lot of news flowing on the negotiations as the deadline that President Trump has given is March 2. I spoke to my neighbor here whose company is already affected by the existing Section 301 tariffs, which are currently at 10 percent. On March 2, his company’s tariffs would increase to 25 percent.