Trump administration's new tariffs hit US consumers less, companies more [CNBC]
Boeing Company (The) (BA)
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Source: CNBC
The latest round of tit-for-tat tariffs hits U.S. consumers less but American companies more, an analysis shows. Consumer goods account for just 1 percent of items on the June 15 lists from the Office of the U.S. Trade Representative, down from 12 percent on the April 3 list, according to a report from the Peterson Institute for International Economics. The portion of the latest lists set for July 6 implementation also did not include cell phones, personal computers and laptops, while televisions, air conditioning and aluminum were deleted, UBS economist Tao Wang pointed out in a June 18 report. Source: Peterson Institute for International Economics. The revisions follow public pushback and come as Republicans try to hold their majority in Congress during November's midterm elections. They really decided not to go directly [due to] worry about the impact on voters, said Mary Lovely, economics professor at Syracuse University and nonresident senior fellow
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BA
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- 1/31/24 - Beat
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Sec Filings
- 4/18/24 - Form PX14A6G
- 4/11/24 - Form PX14A6G
- 4/8/24 - Form 3
- BA's page on the SEC website