{"id":24723,"date":"2019-06-03T13:44:00","date_gmt":"2019-06-03T19:44:00","guid":{"rendered":"https:\/\/www.summitdaily.com\/news\/chris-dorton-trade-war-or-war-on-consumers-and-business\/"},"modified":"2019-06-03T13:44:00","modified_gmt":"2019-06-03T19:44:00","slug":"chris-dorton-trade-war-or-war-on-consumers-and-business","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kift\/local-news\/chris-dorton-trade-war-or-war-on-consumers-and-business\/","title":{"rendered":"Chris Dorton: Trade war or war on consumers and business?"},"content":{"rendered":"
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Here\u2019s a tweet from Donald Trump on Friday: \u201cThe Tariff is about stopping drugs as well as illegals!<\/a>\u201d<\/p>\n

Here are the results of his recent tariff rants, according to the Associated Press: Kohl\u2019s, Macy\u2019s, Nordstrom and Dillard\u2019s dropped to 52-week lows. General Motors was down 4% to open. American Axle was down 4%. Auto parts suppliers Autoliv and Visteon were down 5%. Constellation Brands, a beverage supplier, was down 7%.<\/p>\n

Retailers Industry Leaders Association Vice President of International Trade Hun Quach was quoted in Time as saying, \u201cThreatening tariffs on Mexican imports while simultaneously seeking support in Congress for a trade deal aimed at keeping trade barriers low with Mexico is a confusing and counterproductive strategy.\u201d<\/p>\n

American consumers will pay the price for these tariffs.<\/p>\n

The bill is already being paid by U.S. citizens in the drop in value in their stock portfolios, IRAs, pension funds and 401(k)s. The Dow Jones average is down 6.7% in the past three weeks. Using that as a rough proxy, think of the hundreds of billions of dollars lost from American savings. Other U.S. manufacturers and exporters will suffer, as well.<\/p>\n

National Pork Producers Council President David Herring told Successful Farming, \u201cAmerican pork producers cannot afford retaliatory tariffs from its largest export market, tariffs which Mexico will surely implement.\u201d<\/p>\n

How will the administration or its mouthpiece Huckleberry Sanders spin this one, or do we already have the answer: \u201cstopping drugs and illegals\u201d?<\/p>\n

I expect to see Trump in front of a microphone soon taking credit for this stock market miracle.<\/p>\n

 <\/p>\n

Chris Dorton<\/p>\n

Silverthorne<\/p>\n

via:: Summit Daily<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Here\u2019s a tweet from Donald Trump on Friday: \u201cThe Tariff is about stopping drugs as well as illegals!\u201d Here are the results of his recent tariff rants, according to the Associated Press: Kohl\u2019s, Macy\u2019s, Nordstrom and Dillard\u2019s dropped to 52-week lows. General Motors was down 4% to open. American Axle was down 4%. Auto parts […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[97],"tags":[],"class_list":{"0":"post-24723","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-11 11:33:45","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KIFT - The LIFT FM","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kift","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/posts\/24723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/comments?post=24723"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/posts\/24723\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/media?parent=24723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/categories?post=24723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/tags?post=24723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}