Global tariff raises could mean trouble for CT

All eyes are on the posturing of the United States and China in what some are calling could be a full-fledged trade w...

Posted: Apr 8, 2018 9:13 AM
Updated: Apr 8, 2018 9:13 AM

All eyes are on the posturing of the United States and China in what some are calling could be a full-fledged trade war, with implications felt right here in Connecticut.

The Trump Administration is showing no signs of backing down in the growing U.S. trade conflict with China, as White House Economic Adviser Larry Kudlow told press the biggest reason for the rift is China allegedly stealing U.S. technology.

"When they steal our technology," said Kudlow on Friday. "They're stealing the guts of the American future, our innovation, our entrepreneurship."

But, China has pledged to "counterattack with great strength" after President Trump threatened to up to ante with $100 billion of tariffs on Chinese goods. Trump's move came in response to China's decision to impose $50 billion of tariffs on American experts like soybeans, pork, and aircraft.

Quinnipiac University professor David Cadden said the entire world will watch this high stakes game of chess.

"This really is something that can have a global impact," said Professor Cadden.

"What I hope is occurring is that these are a series of progressive gambits leading up to forcing each side to come to some sort of accommodation and cut a deal."

Cadden said Connecticut's economy could be impacted especially in the spheres of agriculture and aircraft manufacturing, but most residents may feel the consequences in the stock market, especially if the uncertainty lingers.

"I'm a retiree so I'm looking almost everyday and saying 'how will this affect my retirement funds?'" posed Cadden.

Cadden said the United States must act on the unfair trade with China and intellectual property theft.

"Unfortunately, this is one that only the future will tell whether this was the right decision or not," said Cadden.

The White House remains optimistic on resolving the dispute and avoiding a trade war, but as Professor Cadden said, only time will tell.

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 448268

Reported Deaths: 6013
CountyCasesDeaths
Hennepin931011480
Ramsey40016739
Dakota33072340
Anoka30999364
Washington20164228
Stearns17871187
St. Louis13690241
Scott1195496
Wright11614104
Olmsted1048475
Sherburne821365
Carver694836
Clay653280
Rice606868
Kandiyohi554371
Blue Earth541033
Crow Wing482774
Otter Tail457167
Chisago452732
Benton420186
Winona389646
Douglas374166
Nobles370846
Mower365529
Goodhue347958
Polk328658
McLeod325345
Morrison311744
Beltrami310347
Lyon302236
Becker284939
Itasca284543
Isanti282841
Carlton280043
Steele27379
Pine266713
Freeborn245321
Todd231730
Nicollet224636
Brown215134
Mille Lacs214246
Le Sueur210015
Cass207623
Meeker199733
Waseca189316
Wabasha17083
Martin170026
Roseau165416
Hubbard149338
Redwood139727
Renville137539
Houston135913
Dodge13474
Chippewa131332
Cottonwood127218
Fillmore12355
Wadena120116
Rock110212
Sibley10857
Aitkin108433
Watonwan10668
Faribault105916
Pennington99215
Kanabec97818
Pipestone94423
Yellow Medicine93714
Murray8815
Jackson85610
Swift83418
Pope7385
Marshall70215
Stevens7018
Clearwater68514
Lac qui Parle65716
Lake63715
Wilkin6259
Koochiching59610
Lincoln4841
Big Stone4573
Unassigned43768
Grant4298
Norman4248
Mahnomen4107
Kittson37219
Red Lake3174
Traverse2503
Lake of the Woods1951
Cook1140

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 305606

Reported Deaths: 4278
CountyCasesDeaths
Polk45754449
Linn17795275
Scott15444163
Black Hawk13773236
Woodbury13016175
Johnson1211749
Dubuque11387150
Pottawattamie8992112
Dallas888671
Story869434
Webster469771
Cerro Gordo466768
Sioux455157
Clinton450361
Warren443938
Marshall427761
Buena Vista393429
Muscatine390477
Des Moines381841
Plymouth350368
Wapello344198
Jasper321959
Lee317130
Marion304952
Jones271349
Henry264330
Carroll255434
Bremer245048
Crawford231022
Boone218417
Washington217632
Benton209444
Mahaska193136
Jackson192031
Tama187757
Dickinson186026
Delaware173736
Kossuth173644
Clay168820
Wright164824
Fayette162322
Hamilton160029
Buchanan159923
Winneshiek155719
Harrison155162
Hardin154729
Cedar153219
Clayton151448
Butler148224
Page144715
Floyd139636
Cherokee139027
Mills136416
Lyon135332
Poweshiek132724
Hancock130224
Allamakee127928
Iowa125422
Calhoun12279
Grundy121226
Jefferson120724
Madison12039
Winnebago119429
Mitchell116234
Louisa115030
Cass113341
Chickasaw111612
Sac111215
Emmet110831
Appanoose110538
Union108822
Humboldt105519
Guthrie103024
Shelby102926
Franklin102418
Unassigned9310
Palo Alto9079
Montgomery85622
Keokuk85026
Howard84219
Monroe81218
Clarke7957
Pocahontas77611
Ida74630
Greene6927
Davis69121
Adair68820
Lucas6508
Monona64016
Osceola6409
Worth6113
Taylor5949
Fremont5126
Van Buren49712
Decatur4894
Ringgold4389
Audubon4158
Wayne41421
Adams2963
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