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.

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 31257

Reported Deaths: 1114
CountyConfirmedDeaths
Hinds253640
DeSoto162016
Madison131434
Jones112849
Neshoba99271
Rankin95112
Harrison93311
Lauderdale91079
Forrest87842
Scott77315
Jackson63816
Copiah60715
Washington5919
Leake57819
Holmes55741
Lee55219
Wayne54513
Oktibbeha54126
Warren51618
Yazoo5136
Lowndes49413
Leflore49151
Grenada4905
Lincoln46634
Lamar4657
Pike44112
Monroe40330
Sunflower4008
Lafayette3934
Attala36123
Covington3595
Panola3526
Bolivar34014
Newton3399
Simpson3233
Adams31318
Pontotoc2926
Tate28810
Marion28411
Chickasaw27918
Claiborne27910
Noxubee2678
Winston2666
Jasper2636
Pearl River25732
Clay25111
Marshall2343
Smith21811
Union2109
Clarke20724
Walthall2045
Coahoma2016
Kemper17914
Lawrence1782
Yalobusha1737
Carroll16611
Humphreys1509
Tallahatchie1374
Itawamba1368
Montgomery1352
Calhoun1324
Tippah13111
Hancock13013
Webster12710
Jefferson Davis1124
Jefferson1083
Prentiss1083
Greene1058
Tunica1053
Wilkinson949
Amite912
George893
Tishomingo831
Quitman780
Choctaw744
Alcorn712
Perry674
Stone651
Franklin452
Benton380
Sharkey380
Issaquena91
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 44375

Reported Deaths: 984
CountyConfirmedDeaths
Jefferson5410152
Montgomery4158103
Mobile4129134
Tuscaloosa232142
Marshall172410
Madison14917
Lee141137
Shelby133423
Morgan11215
Walker97824
Elmore94314
Franklin89814
Baldwin8949
Dallas8919
Etowah75013
DeKalb7375
Chambers64227
Butler63428
Autauga61012
Tallapoosa60569
Russell5650
Houston5074
Unassigned50323
Limestone5010
Lauderdale4966
Lowndes47221
Cullman4594
Pike4375
Colbert4086
St. Clair4022
Escambia3966
Coffee3812
Calhoun3765
Covington3707
Bullock36910
Barbour3532
Talladega3177
Hale31421
Marengo31211
Dale2990
Wilcox2948
Sumter28512
Jackson2842
Clarke2776
Winston2633
Chilton2522
Blount2431
Monroe2392
Pickens2366
Marion23313
Conecuh2107
Randolph2099
Macon1999
Choctaw19512
Bibb1941
Greene1868
Perry1791
Henry1363
Crenshaw1253
Washington1117
Lawrence1100
Cherokee1027
Geneva830
Lamar781
Fayette711
Clay692
Coosa591
Cleburne381
Out of AL00
Tupelo
Clear
84° wxIcon
Hi: 90° Lo: 74°
Feels Like: 90°
Columbus
Clear
80° wxIcon
Hi: 88° Lo: 73°
Feels Like: 85°
Oxford
Clear
82° wxIcon
Hi: 87° Lo: 71°
Feels Like: 87°
Starkville
Clear
79° wxIcon
Hi: 85° Lo: 70°
Feels Like: 82°
WTVA Radar
WTVA Temperatures
WTVA Severe Weather