Several Central New York companies gathered Thursday to share how they’re weathering the trade war now that tariffs and retaliatory tariffs are starting to be felt by many industries.  The CNY International Business Alliance held its second monthly meeting, and director Steven King says the impact varies.


Central New York companies who do business with China are finding themselves caught in the middle of the escalating trade war.  On Friday, the US imposed a 25 percent increase in tariffs on $200 billion in Chinese goods, while Monday, China retaliated by doing much the same on $60 billion worth of US goods. 

Bruno Cordioli / Flickr

Senator Kirsten Gillibrand says it’s time for the president to act to protect the state’s dairy farmers. Between dropping milk prices, unfair Canadian trade practices, and the escalation of trade wars with many US trading partners, Gillibrand says dairy farmers in New York and nationwide are finding themselves unable to stay afloat.

Novelis, Inc.

A Canadian diplomat based in New York and a Syracuse University professor say the tariffs on steel and aluminum deal a very serious blow to the trading relationship between the U.S. and Canada.  The Trump administration’s move has forced Canada and other nations to issue counter-tariffs.  The matter has already promped rebukes from U.S. Allies at the G-7 meeting.

Consul General of Canada Phyllis Yaffe says the escalating trade dispute will cause damage to industries and consumers on both sides of the border. 

Canadian Diplomat Visits Syracuse to Discuss Trade and Tariffs With Local Businesses

Apr 4, 2018
Scott Willis / WAER News

Trade and tariffs were on the mind of a Canadian diplomat who paid a visit to Syracuse Wednesday. Consul General of Canada in New York Phyllis Yaffe was in town to talk to business leaders and owners about the impact of fast-changing trade policy. She says the primary focus is continuing to negotiate updates to NAFTA, which has regulated trade between the US, Canada, and Mexico for 24 years. Yaffe says there have been some that she terms “unusual” requests from the US, including a sunset clause.

Novelis, Inc.

The New York economy is bracing itself for the impact of a new tariff being rolled out by the federal government.  President Trump is has enacted] a 25 percent tax on foreign steel and a 10 percent tax on aluminum.  Tariffs are usually meant to bolster domestic industries and products, but Whitman School of Management International business studies Professor Peter Koveos says this ignores how much industry has changed.