Trump heaps praise on his administration's tariff policy
- 6 years ago
Tariffs have been a regular feature on U.S. President Donald Trump's Twitter feed in recent days.
And Trump has been patting himself on the back,... saying... they've already been extremely effective in creating jobs and wealth in the U.S.
Kim Hyo-sun reports.
In a series of tweets over the weekend,... U.S. President Donald Trump celebrated his administration's tariffs on imports from trade partners,... including China.
He said on Sunday that the tariffs are working big time,... adding that countries need to make products within the U.S. to avoid further taxation.
The remark can be interpreted as his willingness to continue pressuring Beijing,... which has fired back at Washington by imposing retaliatory tariffs on U.S. imports worth some 60 billion U.S. dollars.
A day earlier, President Trump also tweeted that tariffs have had a tremendously positive effect on America's steel industry,... adding it has led to more jobs and wealth.
As the trade war between the world's two largest economies rages on,... the Wall Street Journal reports that such tensions have put South Korea's Samsung Electronics in a (quote) "uncomfortable spot."
It explains that Samsung is trying to navigate through the trade war between the two countries,... as they are among the company's biggest markets,... accounting for nearly 40 percent of its revenue last year.
And at the same time,... the report says Samsung has also been facing tariffs within the American market,... including a whopping 50 percent duty on its washing machines.
Despite such challenges,... the article quoted industry analysts who say Samsung does have some protection,... explaining how many companies are heavily dependent on Samsung's components for their own products.
Kim Hyo-sun, Arirang News.
And Trump has been patting himself on the back,... saying... they've already been extremely effective in creating jobs and wealth in the U.S.
Kim Hyo-sun reports.
In a series of tweets over the weekend,... U.S. President Donald Trump celebrated his administration's tariffs on imports from trade partners,... including China.
He said on Sunday that the tariffs are working big time,... adding that countries need to make products within the U.S. to avoid further taxation.
The remark can be interpreted as his willingness to continue pressuring Beijing,... which has fired back at Washington by imposing retaliatory tariffs on U.S. imports worth some 60 billion U.S. dollars.
A day earlier, President Trump also tweeted that tariffs have had a tremendously positive effect on America's steel industry,... adding it has led to more jobs and wealth.
As the trade war between the world's two largest economies rages on,... the Wall Street Journal reports that such tensions have put South Korea's Samsung Electronics in a (quote) "uncomfortable spot."
It explains that Samsung is trying to navigate through the trade war between the two countries,... as they are among the company's biggest markets,... accounting for nearly 40 percent of its revenue last year.
And at the same time,... the report says Samsung has also been facing tariffs within the American market,... including a whopping 50 percent duty on its washing machines.
Despite such challenges,... the article quoted industry analysts who say Samsung does have some protection,... explaining how many companies are heavily dependent on Samsung's components for their own products.
Kim Hyo-sun, Arirang News.