17 Burst results for "Josh Zoom Brin"

"josh zoom brin" Discussed on 106.1 FM WTKK

106.1 FM WTKK

05:05 min | 2 years ago

"josh zoom brin" Discussed on 106.1 FM WTKK

"Stumbles over the past year of the no surprise to the world's purchasing managers and the people closely following the economic indexes that are produced from their views Wall Street Journal economics reporter, Josh zoom. Brin says global purchasing managers indexes or PM is have come forth as a leading barometer of the health of the world's major manufacturing sectors. Josh set this up a really interesting economic index is produced all over the world. You know, it's it started in the United States. It's been produced in the United States for over thirty years. And what these indexes do is they talk to purchasing managers, but you're really interesting people in a lot of companies, the people that are in charge of ordering supplies companies apply managers purchasing managers procurement officers, and they just asked him whether or not their orders. Your prices are up. And all these very simple question and put that together to track. How the economy is going and end up being such interesting window into the economy. You know, you think about a CEO, and they're sitting there thinking about strategy and thinking about share price new things about investors about how to manage your company and all these things. Manager. And you know, this is the guy who imagine you're in a pencil company. This is the guy who only thing he's thinking about is how much would do I need to order how much how much a graphite. Do. I need to order laser focused on getting the supplies for the company, right? That ends up being a really interesting window into trends and economy are changing part is there data from purchasing managers more relevant today than ever. That's right. Advantage of this approach. One is think about a lot of economic data like the jobs report. Right. That's kind of a big one every month in the US. Is we talk about the jobs you put, but that's only US data. No one ever kind of there's no system in place to do that same number all around the world. This is too complicated. Too expensive other countries have their own little message. You know, there's no there's no strict comparability there. But you think about these purchasing managers index one of the things that still unique is performed in almost all the major economies. You know, no matter what the structure of your economy is. And no matter what industry Dr you have these purchasing managers. Didn't know what's going on. Indexes in Iraq. You know, think about how impossible it would be to put together a traditional jobs in the country like that. But it's fairly feasible to find the biggest company managers. What's going on? Did you see these indexes all over the world? They provide a fascinating window into what's happening in the global economy. Speaking with Wall Street Journal reporter, Josh zoom, Renae covers economics, and he's written a piece entitled to gauge the health of the global economy, look to purchasing managers are sort of these guys and gals been saying, well, the message lately has been one of quite a bit of concern, you know, in the last three months of this year, four months of this year. Everyone woke up to the fact that the global economy is really kinda weak by quite a few different measures, the the global trade just slowing down the stock market really because of this in the in the fall, but purchasing managers index is who'd been showing signs of concern for the entire year. These indexes really started going down in January. And so there's a lot of evidence that this wasn't going to be as strong of a year as twenty seventeen had been for the global economy. Eighteen wasn't going to be its strongest twenty seventeen. So do. They look how far how much foreign advanced do. They look. Well, they cover the month. They they covered the months. You know, the January survey will come out at the very first day of February. So come down almost in real time. But it, but it covers almost real time. What's happening in the month of in the month that the report happened? So the the general consensus right now for twenty nine to perhaps twenty twenty would be what Josh well, the general consensus is that things are a little soft heading into the new year. You know, it's it's only January and things could go any different direction, but the consensus so far from these reports that things are just looking at little soft at the start of the year, and how much do they weigh like geopolitical factors like you reference? You know, the the pencil maker before does he consider trade with China or perhaps some military conflict and elsewhere in the world. Well, the great thing about these indexes didn't way these guys have to they have to shut all that out. So that might be the reason that things are changing, but these purchasing managers, they're not the guy who thinks about what the invitations or the China trade war. This is the guy that says, I don't need to order as much would this month. And you put all that together. And you say, oh, there's less demand for word. This is something's going on in the economy. You know, they don't know that they are asked him about the reasons why they asked him how much demand they're seeing. And that's why it ended up being such a great barometer is Josh Wall Street Journal economics reporter, Josh zoom. Brin twenty minutes now in front of.

Josh zoom United States reporter Josh Wall Street Journal Brin Josh Wall Street Journal China CEO Iraq Renae twenty minutes thirty years three months four months
"josh zoom brin" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

02:31 min | 2 years ago

"josh zoom brin" Discussed on Newsradio 1200 WOAI

"The gig economy now say their estimates of its impact were too high skewed by spotty data and the recession of a decade ago. Alan Krueger of Princeton and Lawrence Katz of Harvard sifted through new evidence to explain how in two thousand fifteen survey. They overestimated how people cobbling together living from odd jobs, especially through apps like Uber would up end traditional work arrangements more from Wall Street Journal economics reporter, Josh zoom. Brin? Josh what happened in the middle of the decade? You know, twenty fourteen twenty fifty will the gig economy went wrong. So the gig economy stuff, I'll I'll summarize in layman's terms, you turn to the gig economy when you're looking for a few extra bucks when you're in retirement and looking for something else to do things along those lines when you're when you're desperate for a few bucks. Yeah. I think that's right. I mean. The lot of the people that turned to the gig economy. They just kind of did it as a temporarily at a temporary stopgap were they'd hit a little bit of hard times until they you know, they tried something out to make ends meet until they could get that traditional job. And then what we've seen over the last two three years, especially people are getting those traditional job. It's it's not the case in employers. Don't want to have employees anymore. That was the fear that people had that every employer was gonna wanna just use apt to temporarily stock up its workforce that wasn't the case. It just looked that way a little bit because of how weak the economy was what about the lack of benefits. The I mean that would that's a big reason that I think a lot of Americans, you know, were one worried about transition to the gig economy, and to why there was so much or why there was why people wanted to get away from those jobs wants to have the opportunity to do it. You know in Syria. It'd be great to earn a few bucks when you have the free time. But when that doesn't come with health insurance doesn't come with sick leave, you know, that's not very active people. And so, you know, it makes sense that people wouldn't want to labor market can necessarily go that direction on a on a really extensive basis. What about the fix ability of this? It's going to be very hard to fix for a lot of reasons. I mean, one is because this work by its nature can be pretty nebulous. It can be pretty temporary. You know, people can do it just on on on the weekend. They can do it if you weaken year, they could do it on the weekends, but not normal weekends. I mean, there's going to be real challenges measuring the extent of this activity. Josh whilst. Street Journal economics reporter, Josh zoom. Brin? It's twenty minutes now in front of.

Josh zoom Brin reporter Wall Street Journal Alan Krueger Street Journal economics Harvard Lawrence Katz Princeton Syria two three years twenty minutes
"josh zoom brin" Discussed on News Radio 690 KTSM

News Radio 690 KTSM

03:26 min | 2 years ago

"josh zoom brin" Discussed on News Radio 690 KTSM

"Apparent over the past couple of years? Two three four years is that this story was really overblown. And in fact, the US labor market hasn't changed nearly as much as people feared. So where did the studies miss? There's two things one is that the. What is it? The economy was really quite weak in twenty you know, the LeBron Michael is really quite weak in the early part of this decade. And so a large number of the people who were doing gigs. We're actually doing it just because the economy was with temporarily week they weren't doing it because the nature of people with work vino was fundamentally changing it's just that when the economy's bad when people lose their jobs, or when they're not seeing the income growth that they want and need they're more likely to turn to alternative stuff. And then the economy gradually improved. They turn away from it. So, you know, I m- one reason this looked so overblown is because people didn't realize the extent to which it was a cyclical phenomenon that when the economy is really bad. It's natural that people turned to gigs. It's not a fundamental change in the US labor force. It's gonna continue after the economy kinda heels, and you know, now, you look at the labor market, and it's it's much healthier. And when you look at kind of the majors of the gig economy. Looks like they're much smaller as a result. Okay. We're speaking with Wall Street Journal economics reporter, Josh zoom Brin has pieces called how estimates of the gig economy went wrong. So the gig economy stuff, I'll summarize in layman's terms, you turn to the gig economy when you're looking for a few extra bucks when you're in retirement and looking for something else to do things along those lines when you're when you're desperate for a few bucks. Yeah. I think that's right. I mean, the a lot of the people that turned to the gig. They just kind of did it as a temporarily at a temporary stopgap, they were they'd hit a little bit hard times until they you know, they tried something out to to make ends meet until they could get that traditional job. And then what we've seen is, you know, over the last two three years, especially people are getting those traditional job it. It's not the case in employers. Don't wanna have employees anymore. That was the fear that people had that every employer was gonna wanna just use app to temporarily stop its workforce. That wasn't the case. It just looked that way a little bit. Because of how the economy was what about the the lack of benefits the I mean that would that's a big reason that I think a lot of Americans were one worried about a transition to the gig economy, and you know, to why there was much or why there was why people wanted to get away from those jobs once they had the opportunity to do it, you know, in Syria. It'd be great to earn a few bucks. When you have, you know, the free time. But when that doesn't come with health insurance doesn't come with sick leave, you know, that's not very attractive to people. And so, you know, it makes sense that people wouldn't want the labor market to necessarily go that direction on a on a really extensive basis. What about the fix ability of this? It's going to be very hard to fix for a lot of reasons. I mean, one is because this work by its nature can be pretty nebulous. It can be pretty temporary. You know, people can do it just on on on the weekend. They can do it if you weaken year, they could do on busy weekends, but not normal weekends. I mean, there's going to be. Challenges measuring the extent of this activity. Josh Wall Street Journal economics reporter, Josh zoom. Brin? It's twenty minutes now in front of the hour on.

Wall Street Journal Josh zoom US Brin reporter vino LeBron Michael Syria Two three four years two three years twenty minutes
"josh zoom brin" Discussed on KTAR 92.3FM

KTAR 92.3FM

04:55 min | 2 years ago

"josh zoom brin" Discussed on KTAR 92.3FM

"Staples, two leading experts on the gig economy now say their estimates of its impact were too high skewed by spotty data and the recession of a decade ago. Alan Krueger of Princeton and Lawrence Katz of Harvard sifted through new evidence to explain how in two thousand fifteen survey. They overestimated how people cobbling together a living from odd jobs, especially through apps like Uber would up end traditional work arrangements more from Wall Street Journal economics reporter, Josh zoom. Brin? Josh what happened in the middle of the decade? You know, twenty fourteen twenty fifteen twenty sixteen there was this kind of obsession with the way the US labor market. It's changing in in the term that everybody uses to describe this with the gig economy. It was fear that everyone was eventually going into kind of drift away from having a traditional employer and a steady paycheck, and instead was going to cobble together a living from working odd jobs. You know, working Uber in the morning and doing cast grab it projects and driving for delivery services and buying groceries. That, you know, there was a fear that he huge share of the US labor market was going to be kind of pulled into these activities. And in fact, there were a number of studies suggested a huge share the labor market already was in these types of arrangements. I, you know, I think one study came out suggesting that it many as thirty or forty percent of US workers, you know, essentially already were cobbling together work from a wide range of gigs. And what's become apparent over the past couple of years? Two three four years is that this story was really overblown. In fact, the US labor market. And changing nearly as much as people feared. So where did the studies miss? There's two things one is that the. One. Is it the economy was really quite weak in twenty, you know, the labor market was really quite weak in the early part of this decade. And so a large number of the people who were doing gigs. We're actually doing it just because the economy was with temporarily week they weren't doing it because the nature of people with work was fundamentally changing. It's just that when the economy's bad when people lose their jobs, or when they're not seeing the income growth that they want and need they're more likely to turn to turn it and stuff and then as the economy gradually improved they turn away from it. So, you know, I it m- one reason this looked so overblown is because people didn't realize the extent to which it was a cyclical phenomenon that when the economy is really bad. It's natural that people turn to gigs. It's not a fundamental change in the US labor force. It's gonna continue after the economy kinda heels. And you know, now you look at the labor market, and it's it's much healthier. And when you look at kind of the measures of the gig economy, it looks. They're much smaller as a result. Okay. We're speaking with Wall Street Journal economics reporter, Josh zoom Brin. His piece is called how estimates of the gig economy went wrong. So the gig economy stuff, I'll summarize in layman's terms, you turn to the gig economy when you're looking for a few extra bucks when you're in retirement and looking for something else to do things along those lines when you're when you're desperate for a few bucks. Yeah. I think that's right. I mean, the a lot of the people that turned to the gig economy. They just kind of did it as a temporarily a temporary stopgap they were they'd hit a little bit of hard times. And so they, you know, they tried something out to make ends meet until they could get that traditional job. And then what we've seen over the last two three years, especially people are getting those traditional job it. It's not the case implores don't want to have employees anymore. That was the fear that people had that every employer was gonna wanna just use app to temporarily stock up its work that wasn't the case. It just looked that way a little bit. Because of how the economy was what about the lack of benefits the I mean that would that's a big reason that I think a lot of Americans, you know, were one worried about a transition to the gig economy, and you know, to why there was so much or why there was why people wanted to get away from those jobs once they had the opportunity to do it, you know, in Syria. It'd be great to earn a few bucks. When you have, you know, the free time. But when that doesn't come with health insurance doesn't come with sick leave, you know, that's not very attractive to people. And so, you know. It makes sense that people wouldn't want the labor market to necessarily go that direction on a on a really extensive basis. What about the fix ability of this? It's going to be very hard to fix for a lot of reasons. I mean, one is because this work by its nature can be pretty nebulous. It can be pretty temporary. You know, people can do it just on on on the weekend. They can do it if we can year they could do it on busy weekends, but not normal weekends. I mean, there's going to be real challenges measuring the extent of this activity. Josh Wall Street Journal economics reporter, Josh zoom. Brin? It's twenty minutes now in front of the hour on.

Josh zoom US Wall Street Journal Brin reporter Alan Krueger Harvard Staples Princeton Lawrence Katz Syria Two three four years two three years twenty minutes forty percent
"josh zoom brin" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

02:34 min | 2 years ago

"josh zoom brin" Discussed on Newsradio 1200 WOAI

"Staples, two leading experts on the gig economy now say their estimates of its impact were too high skewed by spotty data and the recession of a decade ago. Alan Krueger of Princeton and Lawrence Katz of Harvard sifted through new evidence to explain how in two thousand fifteen survey. They overestimated how people cobbling together a living from odd jobs, especially through apps like Uber would up traditional work arrangements more from Wall Street Journal economics reporter, Josh zoom. Brin? Josh what happened in the middle of the decade? You know, twenty fourteen twenty fifty will the gig economy went wrong. So the gig economy stuff, I'll I'll summarize in blaming terms. You turn to the gig economy when you're looking for a few extra bucks when you're in retirement and looking for something else to do things along those lines when you're when you're. Desperate for a few bucks. Yeah. I think that's right. I mean, the lot of the people that turned to the gig economy. They just kind of did it as a temporarily at a temporary stopgap they'd hit a little bit of hard times. And so they, you know, they tried something out to make ends meet until they could get that traditional job. And then what we've seen over the last two three years, especially people are getting those traditional job. It's it's not the case in employers. Don't want to have employees any more that was the fear that people had that every employer was gonna wanna just us to temporarily stock up its workforce wasn't the case. It just looked that way a little bit. Because of how the economy was what about the lack of benefits the I mean that was. Yeah. That's a big reason that I think a lot of Americans, you know, were one worried about transition to the gig economy, and to why there was so much or why there was why people wanted to get away from those jobs wants to have the opportunity to do it. You know in Syria. It'd be great to earn a few bucks. When you have. You know, the free time. But when that doesn't come with health insurance doesn't come with sick leave, you know, that's not very attractive people. And so, you know, it makes sense that people wouldn't want to labor market necessarily go that direction on a on a really extensive basis. What about the fix ability of this? It's going to be very hard to fix for a lot of reasons. I mean, one is because this work by its nature can be pretty nebulous. It can be pretty temporary. You know, people can do it just on on on the weekend. They can do it if you can year they could do it on busy weekends, but not normal weekends. I mean, there's going to be real challenges measuring the extent of this activity. Josh Wall Street Journal economics reporter, Josh zoom. Brin? It's twenty minutes now in front of.

Josh zoom Wall Street Journal Brin reporter Alan Krueger Staples Harvard Lawrence Katz Princeton Syria two three years twenty minutes
"josh zoom brin" Discussed on 600 WREC

600 WREC

04:59 min | 2 years ago

"josh zoom brin" Discussed on 600 WREC

"US steel producers, which prevailed in their push for the Trump administration to impose tariffs on imported steel and aluminum have also proved equally effective and far more effective than any other industries that avoiding tariffs they don't want. It's a story from Wall Street Journal economics reporter, Josh zoom Brin. Josh what have you found what happened in the most recent round carrots is, you know, the United States has switched focus a little bit and his named at China and showed the way it works. You gotta understand the way. It works to understand the story is that the government publishes a list of all the stuff that we import from China. And it says, you know, we we to put tariffs on half of this list. Is there anything that? We shouldn't include that we shouldn't put tariffs on. And so the government puts this out for a request the US trade representative's office. It does it and industries can kind of write in and say don't put this on don't put that on. You know, we import that. And it. Turns out we went to look at what products had been taken off this list when the US government actually did this against China. They put two hundred billion dollars tariffs in place earlier this year just last month. And we looked at what industries were asking to get things taken off the list. It turns out that the mo- one of the most successful of all industries was the steel industry. So earlier in the year, they were asking for cares to protect them. Now, they're asking for tasks to be taken off the stuff that they want to bring into the country. And so they've really been successful at getting the government to, you know, work with them in both directions by adding cats to protect them, or whether it's taking away tariffs that they benefit that they benefit from their immobile. I don't know that dollar wise they've necessarily done the best. But it does seem like on a per request basis. The steel industry has done very, well and getting certain tariffs but struck out right? That's a key point. So they requested about one hundred thirty different products be removed from the list of items to receive care, and they. They got about half of their list accepted, which is much more successful than other industries. If you kind of look line by line. I mean, there's this whole system where we're different products have their own line. And they can be very specific, you know, they can be a specific medal like like a rare metal like molybdenum or they can be a specific piece of machinery steel industry. Astra Q items, I believe with the number to come off. And they got a half of them. Now, there's other industries that ask for a lot more items like the retail than the national retail federation I thousand items could be removed, and they only got you know, small handful. It's three percent or four percent or something like that taken off. But some of the items they got taken off we're pretty big ticket items. So one of these Campos is a lot of apple products. You know, this stuff that goes into apple watch. And some of the stuff that goes into iphones were taken off the list. And so that's only one or two items, but they're huge in volume appeared to somebody. These you know, compared to some of these things a steel industry requested molybdenum, it did a rare earth metal as an example there, you know, it's significant for the steel industry, but it's not anywhere near as as significant of an import something like an iphone. We're speaking with Wall Street Journal economics reporter, Josh zoom. Brin? He's written a story entitled the steel industry gets what it wants on tariffs. So back to that initial point then why has the steel industry done? So well here, you know, I think the conclusion that a lot of people are kind of worried about is that there's an element of of favoritism in play that when the government gets so involved in policy like this where they're picking individual products individual industries to penalize or to protect it inevitably the case the government is picking winners and losers me. No, this is traditionally something that Republicans didn't like Republicans. Traditionally have not wanted to government to pick winners and losers. But obviously, this is a Republican administration carrying out this strategy. And so it's kind of introduced an interesting tension. A lot of the people who are kind of traditional Republicans on trade policy. I really unhappy with this really dramatic shift in what their party does on trade. And you know, the steel industry is one that the commerce secretary will barrages sharing involved in as an investor before he came into the government head of the US trade representative's office. Robert lighthizer was a attorney representing the steel industry. They were one of his big clients who are very large number of years. And so there's a feeling that you know, because the government has gotten so involved in picking winners and losers on trade that the ties these people had to this industry have have made them a little bit more sympathetic to their requests. Josh Wall Street Journal economics reporter, Josh zoom. Brin? It is twenty minutes now in front of the hour on This Morning, America's. First.

government Josh zoom United States Wall Street Journal Brin reporter China representative apple America Robert lighthizer Campos attorney two hundred billion dollars twenty minutes three percent four percent
"josh zoom brin" Discussed on 106.1 FM WTKK

106.1 FM WTKK

04:59 min | 2 years ago

"josh zoom brin" Discussed on 106.1 FM WTKK

"US steel producers, which prevailed in their push for the Trump administration to impose tariffs on imported steel and aluminum have also proved equally effective and far more effective than any other industries at ovoid tariffs. They don't want. It's a story from Wall Street Journal economics reporter, Josh zoom. Brin? Josh what have you found what happened in the most recent round carrots is heat of the United States is switched focus a little date, and is aimed at China and showed the way it works. You gotta understand the way. It works to understand the story is that the government publishes a list of all the stuff that we import from China. And it says, you know, we wanna put tariffs on this list. Is there anything that? We shouldn't include that we shouldn't put caps on. And so the government puts this out for a request the trade representative's office. It does it and industries can kind of write in and say don't put this on don't put that on. You know, we import that. And it turns out we went to look at what products had been taken off this list on the US government actually did this against China. They put two hundred billion dollars it's can place earlier this year just last month. And we looked at what industries were asking to get things taken off the list. It turns out that the mode. One of the most successful of all industries was the steel industry in the year. They were asking for cares to protect them. Now, they're asking for to be taken off the stuff that they want to bring into the country. And so they've really been successful at getting the government to, you know, work with them in both directions by adding caps to protect them, or whether it's taking away tariffs that they benefit that they benefit from there. Immobile dollar wise they've necessarily. Done the best. But it does seem like on a per request basis. The steel industry has done very, well and getting certain tariffs but struck out right? That's a key point. So they requested about one hundred thirty different products be removed from the list of items to receive care, and they got about half of their list accepted, which is much more successful than other industries. If you kind of look line by line. I mean, there's this whole system where we're different products have their own mind, and they can be very specific. They can be a specific medal like like a rare metal like molybdenum or they can be a specific piece of machinery steel industry. Extra thirty Q items. I believe with the number to come off and they got half of them. Now, there's other industries that asks for a lot more items like the retail, the national retail federation ashtray, I think we sat over a thousand items to be removed, and they only guy, you know, small handful three percent or four percent or something like that taken off. But some of the items they. Got taken off we're pretty big ticket item. So one of these Campos is a lot of apple products. You know, the stuff that goes into apple watch. And some of the stuff that goes into iphones were taken off the list. And so that's only one or two items, but they're huge in volume appeared to some of these, you know, compared to these things that skill industry requested molybdenum, it rare earth metal as an example there. You know, it's significant for the steel industry, but it's not anywhere near as significant of an import something like an iphone speaking with ball Street Journal economics reporter, Josh zoom. Brin is it in a story entitled the steel industry gets what it wants on tariffs. So back to that initial point then why has the steel industry done? So well here, you know, I think the conclusion that a lot of people are kind of worried about it. Element of. In play that when the government gets so involved in policy like they're picking individual products individual industries to Q penalize or precarious inevitably case that the government is picking winners and losers. Me. No, this is traditionally something that Republicans didn't like Republicans. Traditionally have not wanted to government to pick winners and losers. But obviously, this is a Republican administration carrying out this strategy. And so it's kind of introduced an interesting tension. A lot of the people who are kind of traditional Republicans on trade policy. I really unhappy with this really dramatic shift in what their party does on trade, and you know. The steel industry is one that the commerce secretary Wilbur Ross is very involved in an investor before he came into the government, the head of the US trade representative's office. Robert lighthizer was a attorney representing the steel industry. They were one of his big clients or a very large number of years. And so there's a feeling that you know, because the government has gotten so involved in picking winners and losers on trade ties. These people had to this industry have made them a little bit more sympathetic to their requests. Josh Wall Street Journal economics reporter, Josh zoom. Brin? It is twenty minutes now in front of the hour on This Morning, America's first.

government United States Josh zoom Brin Wall Street Journal reporter China representative apple America Wilbur Ross Robert lighthizer Campos ball Street Journal attorney two hundred billion dollars twenty minutes
"josh zoom brin" Discussed on KTRH

KTRH

04:59 min | 2 years ago

"josh zoom brin" Discussed on KTRH

"US steel producers, which prevailed in their push for the Trump administration to impose tariffs on imported steel and aluminum have also proved equally effective and far more effective than any other industries at ovoid tariffs. They don't want. It's a story from Wall Street Journal economics reporter, Josh zoom. Brin? Josh what have you found what happened in the most recent round carrots is, you know, the United States is switched focus a little date, and is aimed at China and showed the way it works. You gotta understand the way. It works to understand the story is that the government publishes a list of all the stuff that we import from China. And it says, you know, we wanna put carrots on behalf of this list. Is there anything that? We shouldn't include we shouldn't put caps on. And so the government puts this out for a request, the US trade Representative is beyond does it and industries can kind of write in and say don't put this on don't put that on. You know, we import that. And it. Turns out we went to look at what products had been taken off this list when the US government actually did this against China. They put two hundred billion dollars care can place earlier this year just last month. And we looked at what industries were asking to get things taken off the list. It turns out that the mo- one of the most successful of all industries was the steel industry. So earlier in the year they were asking for cash to protect them. Now, they're asking for tasks to be taken off the stuff that they want to bring into the country. And so they've really been successful at getting the government to, you know, work with them in both directions. Whether it's adding to protect them, or whether it's taking away tariffs that they benefit they benefit from their immobile. I don't know that dollar wise they've necessarily done the best. But it does seem like on a per request basis. The steel industry has done very well and getting certain tariffs. What struck out right? That's the key point. So they requested about one hundred thirty different products be removed from the list of items to receive care and. They got about half of their list accepted which much more successful than other industries. If you kind of look line by line. I mean, there's this whole system where we're different products have their own line. And they can be very specific, you know, they can be a specific medal like like a rare metal like molybdenum or they can be a specific piece of machinery the steel industry. Astra Q items, I believe with the number to come up, and they got them. Now, there's other industries that ask for a lot more items like the retail, the national retail federation after I think we said to be removed, and they only guy, you know, small handful three percent or four percent or something like that taken off. But some of the items they got taken off we're pretty big ticket item. So one of these examples is a lot of apple products. You know, the stuff that goes into an apple watch and of the stuff that goes into iphones were taken off the list. And so that's only one or two items, but they're huge in volume It appeared appeared. to some of these, you know, compared to some of these things to steel industry requested molybdenum, it did a rare earth. Metal is an example there, you know, it's significant for the steel industry, but it's not anywhere near as a significant of an import something like an iphone. We're speaking with Wall Street Journal economics reporter, Josh zoom. Brin? He's written a story entitled the steel industry gets what it wants on tariffs. So back to that initial point then why has the steel industry done? So well here, you know, I think the conclusion that a lot of people are kind of worried about is that there's an element of of favoritism in play that when the government gets so involved in policy like district, they're picking individual products individual industries to keep penalize or to protect it inevitably the case that the government is picking winners and losers me. No, this is traditionally something that Republicans get it like Republicans traditionally have not wanted the government to pick winners and losers. But obviously, this is a Republican administration carrying out this strategy. And so it's kind of introduced an interesting tension. A lot of the people who are kind of traditional Republicans on trade policy. I really unhappy happy with this, you know, really dramatic shift in what their party does on trade. And you know, the steel industry is one that the commerce secretary Wilbur Ross Jerry involved in as an investor before he came into the government, the head of the US trade representative's office. Robert lighthizer was a attorney representing the steel industry. They were one of his big clients who a very large number of years. And so there's a feeling that you know, because the government has gotten so involved in picking winners and losers on trade that the ties these people had to this industry has made them a little bit more sympathetic to their requests. Nice. Josh Wall Street Journal economics reporter, Josh zoom. Brin? It is twenty minutes now in front of the hour on This Morning, America's. First news..

government Josh zoom Wall Street Journal United States Brin reporter China apple Representative national retail federation America Robert lighthizer Wilbur Ross Jerry attorney two hundred billion dollars twenty minutes three percent
"josh zoom brin" Discussed on KTOK

KTOK

03:38 min | 2 years ago

"josh zoom brin" Discussed on KTOK

"Earlier in the year they were asking for cash to protect them. Now, they're asking for cash to be taken off the stuff that they want to bring into the country. And so they've really been successful at getting the government to, you know, work with them in both directions. Whether it's adding caps to protect them, or whether it's taking away tariffs that they benefit that they benefit from their mobile. I don't know that dollar wise they've necessarily done the best. But it does seem like on a per request basis. The steel industry has done very, well and getting certain tariffs but struck out right? That's a key point. So they requested about a hundred thirty different products be removed from the list of items to receive care, and they. They got about half of their list accepted, which is much more successful than other industries. If you kind of look line by line. I mean, there's this whole system where we're different products have their own line. And they can be very specific, you know, they can be a specific medal like like a rare metal like molybdenum or they can be a specific piece of machinery. The steel industry extra thirty two items. I believe with the number to come out, and they got a half of them. Now there's other industries that ask for a lot more items like retail than the national retail federation asked. I think we had over a thousand items to be removed, and they only guy, you know, small handful. It's three percent or four percent or something like that taken off. But some of the items they got taken off we're pretty big ticket item. So one of these examples is a lot of apple products. You know, this stuff that goes into apple watch and send the stuff that goes into iphones or taken off the list. And so that's only one or two items, but they're huge in volume appeared to some of these, you know, compared to things that steel industry requested molybdenum, it did a rare earth metal as an example there, you know. It's significant for the steel industry, but it's not anywhere near as significant of an import something like an iphone. We're speaking with Wall Street Journal economics reporter, Josh zoom. Brin? He's written a story entitled the steel industry gets what it wants on tariffs. So back to that initial point then why has the steel industry done? So well here, you know, I think the conclusion that a lot of people are kind of worried about is that there's an element of of favoritism in play that when the government gets so involved in policy like district, they're picking individual products individual industries to keep penalize or to protect it inevitably the case that the government is picking winners and losers me. No, this is traditionally something that Republicans getting like Republicans traditionally have not wanted to government to pick winners and losers. But obviously, this is a Republican administration carrying out this strategy. And so it's kind of introduced an interesting tension. A lot of the people who are kind of traditional Republicans on trade policy. I really unhappy with this really dramatic shift in what their party does on trade. And you know, the steel industry is one that the commerce secretary Wilbur Ross Jerry involved in as an investor before he came into the government, the head of the US trade representative's office. Robert lighthizer was a attorney representing the steel industry. They were one of his big clients or a very large number of years. And so there's a feeling that you know, because the government has gotten so involved in picking winners and losers on trade that the ties that people had to descend history have made them a little bit more sympathetic to their requests. Josh Wall Street Journal economics reporter, Josh zoom. Brin? It is twenty minutes now in front of the hour on This Morning, America's. First news..

Wall Street Journal Josh zoom Brin apple reporter national retail federation America Wilbur Ross Jerry US Robert lighthizer attorney representative twenty minutes three percent four percent
"josh zoom brin" Discussed on 600 WREC

600 WREC

03:40 min | 3 years ago

"josh zoom brin" Discussed on 600 WREC

"United States is about States alone For about forty, three percent getting close to half of all trade deficits in the world That means we import way more than others or more. Than we export the United States imports way more. Than it, exports and it does scale it's really just unmatched anywhere else in the world I mean, the next biggest country denied kingdom only had about, one quarter decided the deficit. Is US Canada is the third-biggest did something like one eight the. Size of the US and of course they are smaller, countries which is part of it but when you just think about the sheer dollar volume they nobody in the world news. Creating this sort of imbalanced denied states, is with, the way, it imports so much more that experts speaking with Wall Street Journal economics reporter Josh zoom and he's written a piece entitled. US increasingly large driver of global trade deficits at least according? To. The International, Monetary Fund so is this what President Trump is trying to to address yeah I mean this, is very much one of the things that President Trump is Talked about to be clear, like this, is a, trend that has gotten worse and worse for a number of years so I'm, not saying the I'm not saying imprint Donald. Trump hostage situation and then on yeah on the contrary this? Is. Something that, the president has talked about quite a bit I mean he has Justified some of his, trade actions by saying that their goal is to kind of bring down these deficits now there's a lot. Of skepticism in whether that approachable work because one of the things that dried it seems to drive the large trade deficit from the US is in fact. That the government has been running such enormous fiscal deficit and that's actually something that the White House is kind of taken steps. To make a little bit worse the White House is really kind of. Increased the amount of spending reduce the amount of revenue. Heading towards trillion dollar deficits every single year by their forecasts one of the only way the country can run of, government deficits that large is. By importing more than they export the country can the country can't provide all, the fuel for what they wanna do they have to reach out to other countries for it and so there's an. Expectation that although the president, has tried to target, trade deficit with his trade policies fiscal, policy. There are pushing, another direction it's not very clear whether or not the strategy is. Going to, be successful How, about Germany Japan which both. Operate at a surplus the other way right with lots of exports that's right Now, Germany and Japan Ardy two biggest surprise countries. So they, don't they, don't have, surpluses anywhere, big the US data but they are, the two really big ones now the you know with Japan in particular there's. Kind of a rationale to it which is very old country and it. Kinda needs to save up now too so it's kind of so that its population can can get, through retirement so even though Japan has a very large kind of thought to be a good reason for it but Germany's especially extreme and we know that's. Going to be a big focus actually this week, because President Trump, meeting with the head of the. European Union, he'd meeting with. Him here in Washington on Wednesday and you know it's gonna be a big focus to, fact it didn't Germany and the, European Union are one, of these places to, still have, a very, big, imbalance not. As, big as the? US, but very big amount Josh Wall Street Journal economics, reporter Josh zoom Brin fourteen. Minutes now Now after, the hour, on This, Morning, America's.

"josh zoom brin" Discussed on News Radio 690 KTSM

News Radio 690 KTSM

04:53 min | 3 years ago

"josh zoom brin" Discussed on News Radio 690 KTSM

"Become an increasingly large driver of global deficits accounting for forty three percent of all global deficits last year up from thirty nine percent in two thousand. Sixteen that's according to the International Monetary Fund's annual assessment of the state of global imbalances don't roll your eyes just yet the US remained by far the. Largest driver of? Global current account imbalances? In two thousand seventeen, running the, world's, largest, deficit, what's, that mean and what's, it, matter here's Wall Street Journal economics reporter Josh zoom Brin Josh explain what's up well. Yeah the IMF every year takes a look at the trade imbalances all around the world the countries that have the biggest trade surpluses the countries that have the biggest trade deficit and what's been happening over time. Is that a number of countries have kind of gotten these deficits or surpluses into check. But one of the ones that happened has been the United. States in two, thousand seventeen the United States was by far the big Contributor to to. Kind of imbalance in the global trading system And it's and it's been of course the United States has had big. Trade deficit for a long. Time and wanted to take away they've been getting even bigger and last year the United States is about, the United States alone was responsible for about forty three percent getting. Close to, half of all the trade deficits in the world that means we'd. We import way more than others or more than we export it means the United States. Imports way more than it exports and it does. Soda scale it's really just unmatched anywhere else in the world I mean Would it be the. Next biggest country deny kingdom only had about one quarter decided? To. Canada's the, third-biggest something like one eight the size of the US of course they are, smaller countries which, is part of it but when you think about the sheer dollar volume they nobody in the world is. Creating sort of imbalance that the United States with the way it imports so much more than it experts, speaking, with Wall Street Journal economics reporter Josh zoom, Brin and he's written a piece entitled US increasingly large driver of global trade deficits at least according to. The International Monetary Fund so. Is this what President Trump is trying to to address yeah I mean this is very much one of, the things that President Trump has talked about and you know to. Be clear like this is a trend that has gotten worse and worse for. A number of years so I'm not saying the map is not saying that President Donald. Trump caused a situation and then on yeah on. The contra This is something that the president has talked about quite a bit I, mean he has justified some trade actions by saying that their goal is to kind of bring down the deficits now there's a, lot of skepticism in whether. That approach will work because one of the things that dried. It seems to drive the large trade deficit from, the US and in fact that the government has been running such enormous fiscal deficit and that's actually something that the White House is kind of taken steps to make, a little, bit worse, the, White House is you really kind of increase the amount of spending reduce the, amount of revenue heading towards trillion dollar deficits. Every single year by their forecasts one of the only way? That. Country can, run at of government deficits that large is by importing more than they export, the country can't, the country can't provide all the fuel for what they wanna do they have to reach out to other. Countries for it and so there's an expectation that although the president has tried to target trade deficits with, his, trade policy's scope There are pushing in another direction it's not very clear whether or not the strategy is going to be successful How. About, Germany and Japan which both operate at a surplus the other way right with lots of exports that's right now Germany and, Japan RTD two biggest country so they they. Don't have surpluses that are anywhere, as big as the US deficit but, they are the two really big ones now the with Japan in particular there's. Kind of a rationale to it which is a very old. Country and it kinda needs to save up now so it's kind of related population can can get, through retirement so even though Japan has a very large kind of thought to be a good reason for it but Germany's especially extreme and we know that's. Gonna be a big focus actually this week because, President Trump even, meeting with the head of the. European Union he's meeting with him here in, Washington on Wednesday and you know. It's gonna be a big focus the fact that didn't Germany in the year European Union I wanted to places to still have a very big inbound not as big as. The US very big amount Josh Wall Street Journal, economics reporter Josh, zoom Brin fourteen minutes now after. The hour on This Morning America's first news.

United States president Brin Josh Wall Street Journal International Monetary Fund Trump reporter Germany President Donald Josh zoom European Union Canada Japan White House Japan RTD America Washington forty three percent thirty nine percent fourteen minutes
"josh zoom brin" Discussed on KTAR 92.3FM

KTAR 92.3FM

04:53 min | 3 years ago

"josh zoom brin" Discussed on KTAR 92.3FM

"The US has become an increasingly large. Driver of global deficits accounting for forty three percent of all global deficits last year up from thirty nine percent in two thousand sixteen that's according to the. International Monetary Fund's? Annual assessment of the? State of global imbalances, don't roll, your, eyes, just, yet, the US remained by, far, the largest driver of global current account imbalances in two thousand seventeen running the world's. Largest deficit what's that mean and what's it matter here's Wall Street Journal economics reporter Josh zoom Brin Josh explain what's up well yeah the IMF every year takes a look at the trade imbalances all around the world the that have the biggest trade surpluses the countries that have the biggest trade deficit and what's been happening over time. Is that a, number of countries have kind of gotten these deficits are But one of the ones that haven't been the United States and in two thousand seventeen. The United States? Was by far the? Biggest contributor to to, kind of, imbalance, in, the, global, trading system and it's, and, it's been in the United States has had big trade deficit for a long time. And you know still wanted to take away they've been getting even bigger and last year the United States is about states alone was responsible for about forty three percent they're getting close? To All the trade. Deficits in the world That means we import way more. Than others or more than we export it means the United States imports way. More than it exports, and it does so at a scale it's really. Just unmatched, anywhere else in the. World I mean the next biggest country the United Kingdom only had about one quarter decided to the deficit is the US Canada, is the third-biggest something like. One eight the size of the US and of course they are. Smaller countries which is part of it but when you, just think about the sheer dollar, volume they nobody in the world news creating sort of in Dallas denied skates is with the way it imports so much more than, it experts, speaking with, Wall, Street Journal economics reporter Josh zoom Brin and he's written a piece entitled US increasingly large driver of global trade deficits at. Least according to the International Monetary Fund so is this what? President. Trump is, trying to to address yeah I mean this is very much on and the things that President Trump is Talked about and you know to be clear like this is a. Trend that has gotten kinda worse and worse for a number of years so I'm not saying. The I'm is not saying that President Donald Trump caused a situation and then. Yeah on the contrary, this is something that the president has talked about. Quite a, bit I mean he. Has justified some of his trade actions by saying that their goal is to kind of bring down these deficits and there's a, lot of skepticism in whether. That approach will work because one of the things that dried it. Seems to drive the large trade deficit from the US, is in fact that the government, has been running such enormous fiscal deficit and that's actually something that the White House has taken steps to make a little bit worse, the White, House really, kind, of increase the amount of spending reduce the amount of revenue heading towards trillion dollar deficits every single year by their forecasts. One of the only ways the country can run kind of? Government. Deficits that, large is by importing more than they export you know the country Can't the country can't provide all the fuel for what they. Wanna do they have to reach out to other countries for it and so there's an expectation that although the president has tried to target trade deficits. With his trade policies his Co. policies are pushing in another direction it's not very clear whether or not the strategy is. Going to be successful How about Germany and Japan, which both operate at a surplus the other way right with lots of exports that's. Right now Germany and Japan Ardita two biggest surprise countries so they. Don't they don't have surpluses that are anywhere as big as the US deficit but they are, the two really big ones now the you know with Japan in particular there's kind of a rationale to it which is a very old country and it kind of needs to save up now so. That kind of, so that its population can can get retirement. So even though Japan had very. Like kind of thought to be a good reason for it but. Germany's especially extreme and we know that's going to be. A big focus actually this week because President Trump meeting with the head of the European Union meeting with, him here in Washington on Wednesday and you. Know it's gonna be a big focus to act it did Germany in the European Union the I wanna dis places is still very big imbalance not as big as the US but very big amount Josh Wall Street Journal economics. Reporter Josh zoom Brin fourteen minutes now after the hour on. This Morning America's first news.

United States President President Donald Trump International Monetary Fund Josh zoom Brin reporter Germany Wall Street Journal Brin Josh Japan Josh zoom United Kingdom European Union government Japan Ardita America Street Journal White House Dallas Canada
"josh zoom brin" Discussed on KOA 850 AM

KOA 850 AM

03:17 min | 3 years ago

"josh zoom brin" Discussed on KOA 850 AM

"The world I mean the next biggest country, denied kingdom only had about one quarter decided the deficit. Is the US Canada is the third-biggest it's something like one eight decides of the. Smaller countries which is part of it but when you, just think about the sheer dollar volume they nobody in the world news creating this sort of imbalanced at the United States is with the way it imports so much more, than experts, speaking with Wall, Street Journal economics reporter Josh zoom Brin and he's written a piece entitled US, increasingly large driver of global trade deficits at. Least according to the International Monetary Fund so is this what? President. Trump is, trying to to address yeah I mean this is very much one of the things that President Trump is Talked about and you know to be clear like this, is a, trend that, has, gotten kinda worse and worse for a number of years so I'm not saying, the map is not saying that President Donald. Trump caused a situation and then yeah on the contrary this? Is. Something that, the president has talked about quite a bit I mean he has Justified some of his trade actions by saying that their goal is to kind of bring down these. Deficits now there's, a lot of skepticism in whether that approach will work because one of the things that dried it seems to drive the large trade. Deficit from the US is in fact that the government has been running such enormous fiscal deficit and that's actually something that. The White House is kind of taken steps to make a little bit. Worse the White House you really kind of. Increased amount of spending reduce the amount of revenue heading towards trillion dollar deficits every single year by their forecasts one, of the only, ways that country can run government deficits that large is by importing more than they export to country can the. Country can't provide all the fuel for what they wanna do they have to reach out countries for it, and so there's, an expectation that although the president has tried to target trade deficit. With his, trade policies Fiscal policies. Are pushing in another direction it's not very clear whether or not the strategy is going to be successful How, about Germany and. Japan which both operate at. A surplus the other way Ray with lots of exports that's right, now Germany and Japan Ardy two biggest surprise. Countries, they don't, have surpluses that are, anywhere as big the US deficit but, they are the two really big ones now you know with Japan in particular. There's kind of a rationale to it which is a. Very old country and it kind of needs to save up now to kind of population can can get, through retirement, so even though Japan has a very large plus kind of thought to be a good reason for it but Germany especially extreme and we know. That's going to be a big focus actually this, week because President, Trump meeting with the head of the. European Union he's meeting with him here in Washington on Wednesday and you know it's. Going to be a big focus the fact it didn't Germany in the year European Union the places to still have a very big imbalance not as big. As the US big amount thanks Josh Wall Street, Journal economics reporter, Josh zoom Brin fourteen minutes now after. The hour on This Morning.

President Trump US President Josh zoom Brin Germany Japan White House President Donald reporter International Monetary Fund European Union Street Journal Japan Ardy Canada Washington Ray fourteen minutes trillion dollar one quarter
"josh zoom brin" Discussed on 600 WREC

600 WREC

03:15 min | 3 years ago

"josh zoom brin" Discussed on 600 WREC

"Does this mean politically if anything right now well it's hard to say i mean for one thing a lot of the places being hit are the places that were kind of the most in in donald trump's corner you know you're talking about places like the dakotas in the brassica and kansas went the president had a very solid majority i mean good most part beat not state kind of endanger of losing you know these are very safe republican states through mostly being the brunt of it so you know i if someone is looking at this and thinking thinking oh maybe it means there's an opportunity for democrats that's probably not the right take away from this map okay so it's not like even necessarily he's getting a pass at this point this is just i think some i think some voters are properly getting past you know you certainly hear from some voters that they're willing to give you know they want they want the president to have a shot try this strategy certainly in places that you know were kind of very strong trump counties you're going to be more likely to hear that sentiment all right so if there's going to be pushed back i guess when does it begin well i mean we'll find out in november i mean that's when voters have the chance to let it be known if if they're happy or not you know voters really uh that that's their opportunity is going to be the november elections that's when wall that's for sure i mean we might see some things in polling but but really until people vote we're speaking with wall street journal reporter justice who brin he's written a piece entitled chinese tariffs hit trump counties harder what else do you think will take away from here is i think i read one point since the economy is on decent footing it might take longer for some of these tariff impacts to hit yeah that's absolutely right i mean when this started was really roaring i mean you know if you think about this if you think about this trade war something that's doing a little bit of damage to the economy but on the other hand economy that's been growing for nine years now has really gotten on its feet there would be a tax cuts that are juicing some businesses that use some consumers especially wealthy consumers a lot of strength in the economy right now from those factors and so you know that means just kind of an offset for this trade war staff and so you know right now if you look at your role economy is still looks pretty it's still looks pretty decent so it's probably going to be a while before you start thinking about this trade war the kind of key driver what's going on in the economy so is there a belief leaf then that some of these farmers are manufacturers feel that this let's call it a fight fight with china's something that was needed because of unfair practices and there the administration that's certainly the case that the administration has been making i mean you know the people that are exporting in the us or the ones that have heard pretty well with the current system that we have you know farmers benefited quite a lot from being able to having having that chinese market be open and being able to export to the chinese market so i i don't know but i mean you know there is a deep sense especially held by the president that this was an unfair trade relationship and that we needed to do something really dramatic in the united states to shake it up and so we're we're seeing that play out now thanks josh wall street journal reporter josh zoom brin it is twenty minutes now in front of the.

twenty minutes nine years
"josh zoom brin" Discussed on KOA 850 AM

KOA 850 AM

03:33 min | 3 years ago

"josh zoom brin" Discussed on KOA 850 AM

"Crops that affects sports the industrial midwest where they kind of export you know a lot of cars and other machinery and then it's going to be kind of the energy states texas dakota in those states the us has become a big oil producer you kind of the regions that really stick out as being hit by and what does this mean politically if anything right now well it's hard to say i mean for one thing a lot of the places being hit are the places that were the most in in donald trump's corner you know you're talking about places like the dakotas in the brassica and kansas with the president head of jerry solid majority i mean for the most part even not he kind of in danger of losing you know these are very kind of safe republican states they're mostly being run of it so you know if someone is looking at fishing thinking thinking that maybe it means there's an opportunity for democrat that's probably not the right take away from this map okay so it's not like even necessarily he's getting a pass at this point this is just i think some i think some voters are probably getting a pass you know you hear from some voters that they're willing to give you know they want they want the president to have a shot to try this strategy certainly in places you know we're kind of very strong trump counties you're going to be more likely to hear that sentiment all right so if there's going to be pushed back i guess when does it begin well i mean we'll find out in november voters have the chance to let it be known if they're happy or not you know voters really that that's their opportunity is going to be the november election wall that's for sure i mean we might see some things in polling but but really until people vote we're speaking with wall street journal reporter justice zukerman he's written a piece entitled chinese tariffs hit trump counties harder what else do you think will take away from here is i think i read one point since the economy is on decent footing it might take longer for some of these tariff impacts to hit yeah that's absolutely right i mean when this started economy was really roaring i mean you know so if you think about this if you think about this trade something doing a little bit of damage to the economy but on the other hand economy that's been growing for nine years now has really got not cheat the tax cuts last year that are choosing some businesses consumers especially wealthy consumers there's a lot of strength in the economy right now from those factors and so you know that means just kind of an offset for this trade war staff and so you know right now if you look at your role economy is still looks pretty it's still looks pretty decent and so it's probably going to be a while before you start thinking about this trade war the kind of key driver what's going on in the economy so is there a belief then that some of these farmers are manufacturers feel that this let's call it a fight this fight with china's something that was needed because of unfair practices and there the administration that's certainly the case with the administration has been making i mean you know the people that are exploring in the us the ones that have fared pretty well with the current system that we have you know farmers benefited quite a lot from being able to having having that chinese market be opened and being able to export to the chinese market so i i don't know but i mean you know there is a deep sense especially held by the president that this was an unfair trade relationship and that we needed to do something really dramatic in the united states to shake it up and so we're we're seeing that play out now thanks josh wall street journal reporter josh zoom brin it is twenty minutes now in front of the.

twenty minutes nine years
"josh zoom brin" Discussed on News Radio 690 KTSM

News Radio 690 KTSM

04:05 min | 3 years ago

"josh zoom brin" Discussed on News Radio 690 KTSM

"The fallout from president trump's tariffs and china's counter tariffs which formerly went into effect on friday we'll have the greatest impact on the us counties that voted mr trump into office the us tariffs on china will initially hit about thirty four billion dollars of goods with plans in place to raise that total to fifty billion more on the fallout from wall street journal reporter josh zoom brin josh what have you found this looked at kind of county by county across the entire united states where are industries that are gonna get hit by the tariffs that china has just put into place in response to the tariffs that trump initiated and so we have kind of a map here that shows the kind of really detailed geography of how these character are hitting and what you see when you look at it the extent to which this trade war is really playing out in the american heartland i mean the places that are really going to take the economic kit from this are really going to be places the great plains where they produce so much of the crops that's us exports the industrial midwest where they kind of export you know a lot of cars and other machinery and then it's going to be kind of the energy states texas dakota in those states where the us has become a big oil producer kind of the regions that really stick out as being hit by and what does this mean politically if anything right now well it's hard to say i mean for one thing a lot of the places being hit are the places that were kind of the most in in donald trump's corner you know you're talking about places like the dakotas in nebraska and kansas went the president had a very solid majority i mean good most part beaver not state the kind of in danger of losing you know these are very safe republican states that are mostly being brunt of it so i if if someone is looking at fish and thinking thinking that maybe it means there's an opportunity for democrats that's probably not the right take away from this map okay so it's not like even necessarily he's getting a pass at this point this is just i think some i think some voters are properly getting a pass you certainly hear from some voters that they're willing to give you know they want they want the president to have a shot to try this strategy i mean certainly in places that you know were kind of very strong trump counties you're going to be more likely to hear that sentiment all right so if there's going to be pushed back i guess when does it begin well i mean we'll find out in november i mean that's when voters have the chance to let it be known if they're happier not you know voters really uh that's their opportunity is going to be the november elections that's when wall that's for sure we might see some things in polling but but really until people vote we're speaking with wall street journal reporter and he's written a piece entitled chinese tariffs hit trump counties harder what else do you think will take away from here i think i read one point since the economy is on decent footing it might take longer for some of these tariff impacts to hit yeah that's absolutely right i mean when this started the economy was really roaring i mean you know if you think about this if you think about this trade words something that's doing a little bit of damage to the economy but on the other hand economy that's been growing for nine years now has really got not feed tax cuts last year that are you know choosing some businesses that some consumers especially wealthy consumers there's a lot of strength in the economy right now from those factors and so you know that means just kind of an offset for this trade war staff and so right now if you look at your role economy is still looks pretty it's still looks pretty decent and so it's probably going to be a while before you start thinking about this trade war kind of key driver of what's going on in the economy so is there a belief then that some of these farmers are manufacturers feel that this let's call it a fight this fight with china's something that was needed because of fair practices and they're the administration that's certainly the case that the.

china us mr trump president thirty four billion dollars nine years
"josh zoom brin" Discussed on KTAR 92.3FM

KTAR 92.3FM

04:07 min | 3 years ago

"josh zoom brin" Discussed on KTAR 92.3FM

"The fallout from president trump's tariffs and china's counter tariffs which formerly went into effect on friday we'll have the greatest impact on the us counties that voted mr trump into office the us tariffs on china will initially hit about thirty four billion dollars of goods with plans in place to raise that total to fifty billion more on the fallout from wall street journal reporter josh zoom brin josh what have you found this looked at kind of county by county across the entire united states where are industries that are gonna get hit by the tariffs that china has just put into place in response to the tariffs that trump initiated and so we have kind of a map here that shows the kind of really detailed geography of how these terrorists are hitting and what you see when you look at it this trade war is really playing out in the american heart i mean the places that are really going to take the economic kit from this are really going to be places the great plains where they produce you know so much of the crops that affect the industrial midwest where they kind of export you know a lot of cars and other machinery and then it'd be kind of the energy states texas dakota in those states the us has become a big oil producer regions that really stick out has been hit by and what does this mean politically if anything right now well it's hard to say i mean for one thing a lot of the places being hit are the places that were the most in in donald trump's corner you know you're talking about places like the dakotas in nebraska and kansas wake the president head of jerry solid majority i mean good moves part bs are not state the kind of in danger of losing you know these are very of republican states there must be run it so you know i if someone is looking at this and thinking oh maybe it means there's an opportunity for democrats that's probably not the right take away from this map okay so it's not like even necessarily he's getting a pass at this point this is just i think i think some i think some voters copy getting a pass you know you certainly hear from some voters that they're willing to give you know they want it they went to president to have a shot to try this strategy certainly in places that you know we're kind of very strong from counties you're going to be more likely to hear that sentiment all right so if there's going to be pushed back i guess when does it begin well i mean we'll find out in november voters have the chance to let it be known if they're happier not you know voters really that that's their opportunity is going to be the november election that's when wall that's for sure we might see some things in polling but really until people vote we're speaking with wall street journal reporter justice newborn he's written a piece entitled chinese tariffs hit trump counties harder what else do you think will take away from here i i think i read one point since the economy is on decent footing it might take longer for some of these tariff impacts to hit yeah that's absolutely right i mean when this started the economy was really roaring i mean you know so if you think about this if you think about this trade war something that's doing a little bit of image for the economy but on the other hand you happen to konami that's been growing for nine years now has really got feet tax cuts last year that are juicing some businesses that use some consumers especially wealthy consumers a lot of strength in the economy right now from those factors and so you know that means just kind of an offset for this trade war staff and so you know right now if you look at your role economy is still looks pretty it's still looks pretty decent and so it's probably going to be a while before you start thinking about this trade war the kind of key driver what's going on in the economy so is there a belief then that some of these farmers are manufacturers feel that this let's call it a fight this fight with china is something that was needed because of unfair practices and they're ministration that's certainly the case that the administration has been making i mean he know.

china us mr trump president thirty four billion dollars nine years