US Edition
Panel: Bill for Consumers From Tariffs Due Soon, Like Coal for Christmas
- Former Vice President Mike Pence led a Monday morning roundtable in Raleigh with eight industry leaders discussing tariff impacts on American consumers.
- The discussion followed tariffs reaching 145% on Chinese imports and a subsequent 90-day pause, highlighting China’s unique role and supply chain volatility.
- Panelists including H.O. Woltz, president of Insteel Industries, explained that managed trade fails since no one can effectively manage it, and stressed the importance of healthy steel consumers.
- Speakers noted that tariffs may help the economy but congressional approval is preferred; they warned American consumers ultimately bear costs, and the full tariff impact has yet to arrive.
- The roundtable suggested tariffs cause damaging effects like industry volatility and business losses, possibly affecting employment and consumer prices, with President Trump warned as potentially spoiling the Christmas season.
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24 Articles
24 Articles
All
Left
2
Center
6
Right
4
Coverage Details
Total News Sources24
Leaning Left2Leaning Right4Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
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