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Stock impact report

Trump's trade war is already backfiring on corporate America [Yahoo! Finance]

Alcoa Corporation (AA) 
Last alcoa corporation earnings: 4/22 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
Company Research Source: Yahoo! Finance
For the last decade, Johnson's company, Better Display Cases, has been importing about 8,000 sports memorabilia display cases a year from a factory in Shenzhen, in southern China – where they are far cheaper to make – and then selling them in the US. But now that America has a president who considers cheap imports an enemy of the state, and has already slammed Chinese goods with two rounds of 10pc tariffs , Johnson has taken steps to adapt fast. So far, he has raised his prices by 15pc and moved to a factory in Vietnam. His story shows how the US president's approach is backfiring on corporate America. Trump has billed trade tariffs as nothing short of divine intervention, saying they will help “rediscover the unstoppable power of the American spirit”. This embedded content is not available in your region. Credit: US Network Pool The president on Monday pledged to slap tariffs on “all countries”, and is preparing for what he calls “liberation day” on Wednesday, when he wi Show less Read more
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