Tariffs

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WASHINGTON — President Donald Trump is painting a false picture of a U.S. economy unaffected by his trade war with China and other countries.

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Recently released data from the Hawaii Tourism Authority shows that Chinese visitor arrivals dropped 25 percent in the first half of 2019. It was a on a downward trend before President Trump’s trade war.

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US-China Tariffs; TMT Debrief; Military Housing in Flux; Malama Mentors; AARP Phone Smarts

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PHOENIX — The biggest victims of President Donald Trump's tariffs won't necessarily be Mexicans or Chinese or young urbanites who will have to pay more for avocado toast.

The people likely to pay the steepest price for Trump's attempts to bend Mexico and China to his will are poor Americans, who already live close to the financial edge and could have to pay more for everyday purchases.

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President Trump’s threat of tariffs on goods coming from Mexico has disrupted financial markets. And while the move would impact the earnings of a number of U.S. companies, it’s also a concern in Asia.

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In an effort to lower trade deficits and protect American companies, the Trump Administration has levied tariffs on more than $250 billion worth of goods imported to the United States. Many of those products are inputs, goods used by domestic companies to produce their own products. This series explores how Hawaii-based businesses are being impacted by those tariffs.

Maui Brewing Company

A 25 percent tariff on Chinese-made steel poses “a tremendous challenge” for Maui Brewing Company, according to co-founder and owner Garrett Marrero. Uncertainty surrounding the tariffs has led Hawaii’s largest craft brewer to postpone major capital purchases needed to continue the company’s growth.

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The continuing trade dispute between the United States and China is starting to hit a variety of products.  Last week, the Trump Administration slapped ten-percent tariffs on another 200-billion dollars of Chinese imports. One area that’s feeling the pinch: seafood.

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The issue of trade remains a topic for the Trump Administration with several countries, especially China. And a leading regional financial institution says that ongoing dispute will soon begin to have a wider impact.

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Most of the news about trade this week has focused on increasing tension between China and the United States. But there’s another trade story this week: involving a case where China is lowering tariffs.

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President Trump is in Europe this week, but on the policy front it’s been another week of trade talk about China. His administration has listed another 200-billion dollars of Chinese goods that could be subject to tariffs. So far, most of this dispute has not directly touched Hawaii—but that could change.

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Chinese Tariffs Could Impact Hawaiʻi

Mar 28, 2018
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In Hawaiʻi, there is a lot that ties the state to the Asia-Pacific. Part of that is geography, but it's also culture and economics. Although Hawaiʻi doesn't export much in the way on physical goods, the trade policy set in motion by the Trump Administration could have ripple effects for the Aloha State. Dr. Adam Posen, President of the Peterson Institute for International Economics, shared his perspective on trade issues with The Conversation.

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President Trump’s recent talk about trade tariffs has focused on China. But another trade dispute looks like it will take a toll on a country very important to Hawaii. HPR’s Bill Dorman has more in today’s Asia Minute.

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When it comes to news about trade, most of the focus this week has been on President Trump’s plan to impose tariffs on imported steel and aluminum. Elsewhere, a number of other countries signed a multi-lateral trade deal that will actually REDUCE tariffs in the Asia Pacific. But the United States is not part of it. HPR’s Bill Dorman has more in today’s Asia Minute.

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President Trump says he’ll make a formal announcement this week slapping tariffs on imported steel and aluminum. Several U.S. trade partners in Asia produce steel, but the impact is likely to hit one regional economy the hardest. HPR’s Bill Dorman has more in today’s Asia Minute.