Wednesday, August 28- September 3,, 2019 - // no. 018
Puerto Rico and the Caribbean
www.theweeklyjournal.com
>Courtesy NOAA
WEATHER
PUERTO RICO WAITS FOR DORIAN P3
GOV’T DECLARES EMERGENCY IN OCEAN PARK P16
WAR OF THE TARIFFS:
CONSUMERS WILL PAY THE PRICE Economists warn that the long list of levies imposed on Chinese imports by the Trump administration will increase the price of common goods, while the hike on steel and aluminum could affect reconstruction efforts on the island
T Cynthia López Cabán
GABRIELA ESCALERA: YOUNG AND SUCCESSFUL LOCAL EVENT PRODUCER P20
clopez@wjournal.com
@cynthia_lope
here is no way around it. As President Donald Trump escalates his trade war with China, consumers in the United States and Puerto Rico -a territory 1,560 miles away from the White House- will feel the pinch. The tariff war started last year. On March 2018, the Trump administration imposed duties of 25 percent on steel and 10 percent on aluminum imports. Four months later, and in a
>AP Photo/Susan Walsh, File
APPOINTMENT OF MONITOR FOR RECOVERY FUNDS WILL STAND P8
separate move aimed at China, it imposed a tariff of 25 percent on $50 billion worth of technology goods, adding another 10 percent in September. After negotiations with China ended without an agreement, on May 10, 2019, Trump raised levies on Chinese imports to 25 percent, from their previous rate of 10 percent. Two months later, the businessman and television personality announced another round of tariff increases on more Chinese goods. But when the stock-market showed GO TO PAGE 4