Wisconsin business leaders support tariffs on China, new WMC survey says
In response to unfair trade practices, 86% of Wisconsin business leaders support President Donald Trump's plan to impose tariffs on goods imported from China, according to a new poll by Wisconsin Manufacturers & Commerce.
'Wisconsin is a manufacturing and agricultural state. We make, grow and process things and we want to sell them around the world. But business leaders are saying that we need our trading partners to play by the rules,' Kurt Bauer, WMC president and CEO said in a statement.
Tariff supporters say the import fees, when prudently applied, can shield American industries from unfair foreign competition.
However they can make it more expensive for manufacturers to produce goods using raw materials and components from outside the United States. Also, when other countries retaliate with their own trade sanctions, it hurts sales of American products in those markets.
The WMC poll showed that 56% of business leaders oppose tariffs on Mexico and Canada, two of Wisconsin's largest trading partners.
Still, 73% support Trump's plan to use tariffs as a negotiating tactic to slow illegal immigration into the United States.
The semiannual employer survey also showed that 89% of business leaders favor immigration reform which starts with securing the U.S. southern border.
Ninety-six percent support increasing the 85,000-person cap on H-1B visas which target foreign workers with specialized skills.
'WMC has been advocating for reforming the guest worker program for some time. Demographic trends show that Wisconsin needs workers now and well beyond mid-century. Foreign workers must be part of the solution or our state will lose jobs and the economic activity that goes with them,' Bauer said.
On taxes, 97% of respondents support making the provisions in the 2017 Tax Cuts and Jobs Act (TCJA) permanent.
A new study commissioned by the National Association of Manufacturers says that failing to renew the expiring tax provisions in TCJA will cost Wisconsin 110,000 jobs, $10 million in employee wages, and $19.5 billion in gross domestic product output from the manufacturing sector alone.
Manufacturing is Wisconsin's top economic sector, representing nearly $72 billion in GDP annually. Ninety percent of the survey respondents support lowering the U.S. corporate tax rate for manufacturers to 15%.
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Hamilton Spectator
a minute ago
- Hamilton Spectator
Ex-Israeli hostage struggles to move on while brother remains captive in Gaza
KFAR SABA, Israel (AP) — As Israel has announced steps to increase humanitarian aid in Gaza, a former Israeli-Argentinian hostage knows firsthand what that could mean for captives of the Hamas militant group. Iair Horn, who spent a year and a half in captivity, said hostages could tell when more aid was available because they would receive more food. 'When there's less food, then there's also less for the hostages. When there's aid, there's a possibility you might get a cucumber,' said Horn, 46. Hamas militants kidnapped Horn from his home at Kibbutz Nir Oz , along with 250 other people , during the group's cross-border attack on Oct. 7, 2023. He was released Feb. 15 after 498 days in captivity. For most of that time, he was held in an underground cell in a tunnel with several other hostages, including his younger brother Eitan Horn, 38. Since his release, Iair Horn has deferred his own recovery to fight for the release of his brother and the other 50 hostages still being held in Gaza, 20 of whom are still believed to be alive. Negotiations collapse again Hearing that negotiations between Israel and Hamas were once again frozen over the weekend was devastating for his family, Horn said. Since his release, he has made four trips to the U.S., where he has met with President Donald Trump and other American leaders to plead for the hostages. He wasn't sure what to make of a comment Thursday by Trump special envoy Steve Witkoff , who said the U.S. would consider 'alternative options' after recalling its negotiating team from Qatar. 'I'm not a politician, and I'm not getting into those things because I don't understand them. What I understand is very simple: I want my brother back,' Horn said. 'My life is frozen right now. I live in a nightmare that every day they are kidnapping me anew,' he said. Horn, who is single, is currently living with family in Kfar Saba, a city near Tel Aviv. Previously, he worked a variety of jobs in Kibbutz Nir Oz, including in education, maintenance and the kitchen. He also ran the kibbutz pub. Every morning when he opens his eyes, he must think for a few moments to remember where he is, to remember he is no longer a hostage, Horn said. He's gained back some of the weight he lost in captivity, but his list of physical and psychological ailments is long. He does not know where he will live, what he will do in the future, or if he will go back to Nir Oz. The only thing he concentrates on is advocating for his brother's release. 'I never imagined that another half year would pass without seeing my little brother,' he said. Israel's war in Gaza has killed more than 59,700 Palestinians, according to Gaza's Health Ministry. The agency's count doesn't distinguish between militants and civilians, but the ministry says that more than half of the dead are women and children. The U.N. and other international organizations see the ministry, which operates under the Hamas government, as the most reliable source of data on casualties. Brothers were held together Iair Horn is the oldest of three brothers who grew up in Argentina. He moved to Israel at age 20, followed by his middle brother, Amos. Eitan and their parents, long divorced, joined later. On Oct. 7, 2023, Eitan was visiting Iair at his home on Kibbutz Nir Oz when the sirens started, warning of incoming missiles. Soon they received text messages alerting them to the fact that militants had infiltrated the kibbutz. Militants entered Iair's home, where he was hiding in the reinforced safe room with Eitan. Iair attempted to hold the door shut until the militants began shooting through the door. Then he decided to surrender, worried they might use grenades or stronger weapons. Iair, who was immediately taken into Gaza, didn't know what had happened to his brother until around the 50th day of his captivity, when the militants placed the two brothers together, and Iair realized Eitan had also been kidnapped. Being together, even in their small, barred room, was a stroke of luck, Iair said. 'There's a lot of time with nothing to do, and we talked a lot about our childhoods, about elementary school, about the youth movement, about soccer,' he said. 'We tried to keep our sense of humor. He would ask me, did you brush your teeth? And I'd ask him, did you wash your bellybutton?' 'It was silly things, silly things between siblings that I don't have right now. Many times it happens now that something happens to me on the street that I have to tell him. And I can't, and I'm so sorry,' he said, starting to cry. Captors tell hostages that two will be released For most of the time, the Horn brothers were held with three other hostages. In early February, their captors came to the group of five and said that two would be released. 'For four days, we're looking at each other and wondering if we can decide or influence the decision,' he said. After four days, the captors arrived with a small plate of snacks and a video camera. They announced that Iair and another hostage would be leaving and filmed the emotional interaction between Iair and Eitan. Hamas later released the video on its social media channels, as it has with other videos of the hostages filmed under duress. Their last night together, Eitan and Iair laid side by side in silence. 'There was no conversation because in your head you don't want to have a conversation as if it's your last conversation,' Iair said. When their mother, Ruty Chmiel Strum, learned that Iair was coming out but not Eitan, she said to anyone who would listen, 'Why are you doing this to my sons? They are together and you're separating them?' No one gave her an answer, but Strum clung to hope that Eitan would be released soon. Now she mostly ignores news about the negotiations, tuning out the information to protect herself. She said she raised her three boys 'as a single body,' and their support for each other is unshakable. She clasps Iair's hand as they sit together on the couch in her home and looks forward to the day Eitan returns. 'I will feel the hug of my three sons, enjoying life, each supporting each other,' she said. 'It will happen.' Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
News24
2 minutes ago
- News24
Markets boosted after EU, US strike trade deal
Stock markets rose in Europe and Asia on Monday after the European Union and United States hammered out a deal to avert a potentially damaging trade war. News of the deal, announced by US president Donald Trump and European Commission head Ursula von der Leyen on Sunday, followed a series of US trade agreements last week, including with Japan, and comes ahead of a new round of China-US talks. Investors were also gearing up for a busy week of data, central bank decisions and earnings from some of the world's biggest companies. Trump and von der Leyen announced at his golf resort in Scotland that a baseline tariff of 15 percent would be levied on EU exports to the United States. "We've reached a deal. It's a good deal for everybody. This is probably the biggest deal ever reached in any capacity," Trump said, adding that the levies would apply across the board, including for Europe's crucial automobile sector, pharmaceuticals and semiconductors. Brussels also agreed to purchase "$750 billion worth of energy" from the United States, as well as make $600 billion in additional investments. "It's a good deal," von der Leyen said. "It will bring stability. It will bring predictability. That's very important for our businesses on both sides of the Atlantic." Equities built on their recent rally, fanned by relief that countries were reaching deals with Washington. Paris rose one percent, with Frankfurt and London also tracking gains in Hong Kong, Shanghai, Sydney, Seoul, Wellington, Taipei and Jakarta. Tokyo fell for a second day, having soared about five percent on Wednesday and Thursday in reaction to Japan's US deal. Singapore, Manila and Mumbai were also lower. The broad gains came after another record day for the S&P 500 and Nasdaq on Wall Street. "The news flow from both the extension with China and the agreement with the EU is clearly market-friendly, and should put further upside potential into the euro... and should also put renewed upside into EU equities," said Chris Weston at Pepperstone. Traders are gearing up for a packed week, with a delegation including US Treasury Secretary Scott Bessent holding fresh trade talks with a Chinese team headed by Vice Premier He Lifeng in Stockholm. While in April both countries imposed tariffs that reached triple-digits, US duties this year have temporarily been lowered to 30 percent and China's countermeasures slashed to 10 percent. The 90-day truce, instituted after talks in Geneva in May, is set to expire on August 12. China said it was seeking "mutual respect and reciprocity" in the talks. Also on the agenda are earnings from tech titans Amazon, Apple, Meta and Microsoft, as well as data on US economic growth and jobs. The Federal Reserve's latest policy meeting is expected to conclude with officials standing pat on interest rates, though investors are keen to see what their views are on the outlook for the rest of the year in light of Trump's tariffs and recent trade deals. "We think the data supports a Fed on hold in July, but absent a significant upside surprise in the upcoming inflation data, September could be a 'live' meeting for a resumption of rate cuts, especially if economic activity data and possibly overwhelming political pressure force the Fed's hand," said Michael Krautzberger at Allianz. The Bank of Japan is also forecast to hold off on any big moves on borrowing costs. By mid-morning, the JSE's All-Share index was flat, with Valterra down more than 2% after releasing its results.
Yahoo
29 minutes ago
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Oil prices rise as US-EU deal lifts trade optimism
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