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23-Jul-2017 14:16

Carmakers and Boeing would be hit hard by China’s tariffs.Many American companies purchase products from Chinese factories, while others rely on the country’s vast consumer market to sell their goods.For example, Senator Pat Roberts of Kansas, one of the deepest-dyed Republican stalwarts and chair of the Senate Agriculture committee, made more than a few headlines for ripping the administration's trade dispute with China saying “farmers and ranchers should not be collateral damage.”The Hill reported that Roberts emphasized, “These are real people, real families.

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Commodity futures markets plummeted in response to the tariffs.“It’s very disconcerting,” Roberts told the Kansas City Star.

China’s state news agency says Beijing vows to defend itself against U. The Chinese commerce ministry says it doesn’t want a trade war “but we aren’t afraid of fighting one.”*********************************************************************************************Mexico Not Ruling Out Quick NAFTA Result The Mexican Foreign Minister says he’s not ruling out a quick ending to the North American Free Trade Agreement talks.

Reuters says the top Mexican diplomat says progress is being made on several issue-specific tables of the negotiations. S., Canada, and Mexico’s top negotiators were meeting late in the week to continue discussions.

Also, the administration is talking up its direction to USDA to help farmers cope with the damage from tariffs—but very few details have been forthcoming about how such a program would work or how much it might cost.

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Farmers have been among the most organized groups in lobbying the administration about its trade policy.

And he said, 'Sonny, you can assure your farmers out there that we're not going to allow them to be the casualties if this trade dispute escalates. You can tell them that directly,'" the secretary said. The New York Times said the President’s moves have “injected damaging uncertainty into the economy as Republicans are already struggling to maintain their hold on the House and the Senate in a difficult election year.”It concluded that “control of the Senate could come down to Republican efforts to unseat Democrats in North Dakota, Indiana, Missouri and Montana,” all states staring down the barrels of a trade war’s guns.