4 Burst results for "Wilbur Ross Jerry"

"wilbur ross jerry" Discussed on KTRH

KTRH

04:59 min | 2 years ago

"wilbur ross jerry" 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
"wilbur ross jerry" Discussed on KTOK

KTOK

03:38 min | 2 years ago

"wilbur ross jerry" 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
"wilbur ross jerry" Discussed on KOA 850 AM

KOA 850 AM

03:34 min | 2 years ago

"wilbur ross jerry" Discussed on KOA 850 AM

"To protect them. Now, they're asking forecast 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 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. What 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 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 two items that believe was the number to come out, and they got a half of them. Now there's other industries that asks for a lot more items like the retail the national retail federation. I think we had over a thousand items can 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 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 the steel industry requested molybdenum, it did a rare metal is 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 is an 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 it there. There's an element of of favoritism in play that when the government gets involved in policy like district, they're picking individual products individual industries to keep penalize or to protect that is inevitably the case that the government is picking winners and losers. This is traditionally something that Republicans get 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 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 ties at these people had to descend industry have have 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.

Wall Street Journal Josh zoom Brin apple reporter national retail federation US Wilbur Ross Jerry Robert lighthizer representative attorney twenty minutes three percent four percent
"wilbur ross jerry" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

04:57 min | 2 years ago

"wilbur ross jerry" Discussed on Newsradio 1200 WOAI

"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 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 is heat of the United States is switched focus a little bit and is aimed at China and showed the way it works. You got 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 want to put carrots on. Is there anything that? We shouldn't include that we shouldn't put caps on. And so the government puts this out for requests, the US trade office. Does it end 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 in place earlier this year. Last month. And we looked at what industries were asking to get things taken off to list. It turns out that the mo- one of the most successful industries was the steel industry. Joe 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 they really been successful at getting the government to, you know, work with them in both directions. Adding cabs to protect them or whether it's taking away tariffs that they benefit they benefit from their removal, 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. They requested about one hundred thirty different products be removed from the list of items to receive 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, you know, they can be specific medal like like a rare metal like molybdenum or they can be a specific piece of machinery. The steel industry uninsured eighty two items. I believe was the number to come up, and they got a half of them. Now, there's other industries that asks for a lot more items like the retail, the national retail federation asked thousand items to be removed, and they only guy, you know, small hand faults 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 apple watch and of the stuff that goes into iphones were taken off the list. So that's only one or two items. But there's huge in volume it appeared to some of these know compared to these things the steel industry requested molybdenum metal as an example there, you know, it's significant for the steel industry, but it's not anywhere near as significant of an important something like an iphone. We're speaking with Wall Street Journal economics reporter, Josh zoomed 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 is 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 that the government is picking winners and losers me. No, this is traditionally something that Republicans didn't 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 with this, you know, really dramatic shift in what their party does on. And you know, the steel industry is one that the commerce secretary Wilbur Ross's 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 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 that these people had to this industry hasn't 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.

government United States Josh zoom Wall Street Journal reporter Brin China apple national retail federation Joe Robert lighthizer attorney Wilbur Ross Jerry representative two hundred billion dollars twenty minutes