trade war

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. 

New York Farm Bureau on Facebook

Farmers in Central New York and across the state say they’re feeling the pinch of retaliatory tariffs placed on some of their products in the escalating trade war with the U.S.  They welcome the $12 billion aid package offered by the Trump Administration, but worry the damage may be permanent.

A long-time manufacturer of aluminum canoes and other boats south of Cortland is starting to feel pinched by tariffs on imported aluminum and pending counter-tariffs on U.S. products. 

Marathon Boat Group has unwittingly been pulled into the growing trade war.

CEO John Jackson says he feels uneasy and pretty helpless not knowing what might happen.

"It's been pretty good for the past two to three years.  But this definitely can make you nervous."