By Andrea Shalal
By Andrea Shalal
WASHINGTON, Dec 10 (Reuters) – From a denim plant in rural Georgia to a St. Paul, Minneapolis loudspeaker maker, nagging uncertainty over when President Donald Trump’s commerce wars may finish, if ever, is confounding many U.S. producers.
A powerful shopper base is protecting the U.S. economic system buzzing, however companies are struggling to make essential funding and hiring selections given questions on relations with every of the highest 10 U.S. buying and selling companions.
This month alone, Trump introduced increased tariffs on U.S. imports of steel and aluminum from Argentina and Brazil; threatened 100% tariffs on $2.4 billion of French cheese, Champagne and other goods; and vowed to additional hike tariffs on different European Union merchandise over aircraft subsidies.
In the meantime, progress on talks to resolve the 17-month commerce dispute with China stays illusive and a commerce deal signed with Mexico and Canada remains to be awaiting ratification by the U.S. Congress.
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