President Biden unveiled new tariffs on Chinese imports in the US covering about $18 billion worth of goods. In an exclusive interview with Yahoo Finance,
"Sometimes high tariff walls produce inefficiencies here. And my question is, what are you going to do with the American industry to benchmark their growth and progress so that you're not actually protecting lethargy and inefficiency and lack of innovation, and watching companies take that money and investment they have and... buy back stock shares as opposed to... actually investing in themselves," Clemons comments on the effectiveness of tariffs.
You can even say the words industrial policy during the Obama administration when you had folks bailing out the auto sector. And watching companies take that money and investment they have and you know, buy back stock shares as opposed to, you know, what Rick talked about was actually investing in themselves.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: HuffPostCanada - 🏆 61. / 53 Read more »