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Trade War Will Hit Comp Industry Hardest, Professor Says

  • National
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President Trump's trade war with China will soon have a major impact on the U.S. economy and, if…

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Sean Hayes May 16, 2019 a 8:05 am PDT

Did a CNN reporter write this article? The tariffs to date have created no inflation. Actually inflation is the lowest it has been in 3 years. Interesting how the job killing minimum wage hikes are praised for rising wages (patently false) but ignored as a cause to job loss to ordering kiosks. Texas and FL will not lose jobs. CA will lose jobs because of their punitive taxing of the middle class; sanctuary policies that give illegals more rights than citizens; excessive minimum wage; and corruption/graft political system.

Robert Weinberger May 16, 2019 a 12:05 pm PDT

Please refrain from politicizing Professor Hartwig's comments. I did not see a (D) or (R) by his name. The tone of your comments, however, is very incendiary and has no place in this forum.

Steve Nichols May 23, 2019 a 12:05 pm PDT

I happen to know Dr. Hartwig. He is always right on target with his economic and insurance industry performance projections. Bob's projections are based upon the historic record about the impact of trade wars and tariffs. Tariffs have historically resulted in lost jobs. It is a historic fact that no nation wins a trade war. This is not meant to be critical of what President Trump is doing. China has a long history of taking advantage of other nations and disregarding international norms when it comes to trade. And yes, if the trade war continues on there will be jobs lost. And some of the jobs that are loss are those in Texas and Florida. Let's hope that China comes around and enters into a trade deal that benefits both the U.S. and China. If that happens, I am sure Bob Hartwig's outlook on the future of our economy and the state of the workers' compensation line of insurance will be changed and point to a continuation of our nation's economic growth, job creation, and profits for the workers' compensation insurance industry.

Mark Kremer May 16, 2019 a 5:16 pm PDT

The reporter described the trade war as "Trump's Trade War", implying this is an irresponsible unilateral response. China has been engaging in unfair trade practices for decades (forced technology transfers, intellectual property theft, currency manipulation, etc) with little or no response from American administrations. The result has caused significant harm to American companies and American workers. This president is actually confronting the Chinese by applying tariffs. As we buy much more from the Chinese than they buy from us, it is a reasonable and effective negotiating tool. Let's see what kind of trade deal the parties negotiate before determining the effect on American workers and WC industry.

Concerning Mr. Hayes' comments, I found them direct and informative, and certainly not incendiary. I'm all for civil discourse, but let's not suppress dissent in the name of protecting oversensitive readers.

Robert Weinberger May 16, 2019 a 12:05 pm PDT

Please refrain from politicizing Professor Hartwig's comments. I did not see a (D) or (R) by his name. The tone of your comments, however, is very incendiary and has no place in this forum.

Steve Nichols May 23, 2019 a 12:05 pm PDT

I happen to know Dr. Hartwig. He is always right on target with his economic and insurance industry performance projections. Bob's projections are based upon the historic record about the impact of trade wars and tariffs. Tariffs have historically resulted in lost jobs. It is a historic fact that no nation wins a trade war. This is not meant to be critical of what President Trump is doing. China has a long history of taking advantage of other nations and disregarding international norms when it comes to trade. And yes, if the trade war continues on there will be jobs lost. And some of the jobs that are loss are those in Texas and Florida. Let's hope that China comes around and enters into a trade deal that benefits both the U.S. and China. If that happens, I am sure Bob Hartwig's outlook on the future of our economy and the state of the workers' compensation line of insurance will be changed and point to a continuation of our nation's economic growth, job creation, and profits for the workers' compensation insurance industry.

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