The fallout of the U.S.-China trade war on one manufacturing CEO

By Chief Executive magazine

Sep 20, 2018

Get Plant Services delivered to your inbox Monday through Friday! Sign up for  Plant Services' complimentary Smart Minute (Monday-Thursday) and Smart Digest  (Friday) e-newsletters to get maintenance and reliability know-how you can put  to use today, plus the latest manufacturing news from around the Web, white  papers, and more. Learn more and subscribe for free today.

America’s trade dispute with China is a morass that threatens to become a tar pit for CEOs of many U.S. manufacturers, even as President Trump’s tariffs provide direct protection of many other companies. Steve Harriott, CEO of Watchfire Signs in Danville, Illinois, is one of the worried ones.

Many business leaders and their representatives fear that this week’s tit-for-tat of new U.S. and Chinese tariffs could help tip the standoff into a genuine trade war that would take the growth edge off the robust domestic economy.

“The administration has correctly identified the real problem of China’s discriminatory trade practices,” said the Business Roundtable in a typical business-community reaction to Trump’s decision to impose tariffs on an additional $200 billion worth of Chinese products. “But unilaterally imposing tariffs is the wrong way to achieve real reforms."

Read the full story at chiefexecutive.net.

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments