That's the underlying idea behind President-elect Donald Trump's threat of a 45% tariff against China as a ploy to bring jobs back to America.
Before pursuing that strategy, however, Trump might want to check out what happened when his predecessor tried that.
President Obama slapped a stiff 35% tariff on Chinese tires in 2009 after American companies complained about unfair competition. They said China was flooding America with tires at low prices making it tough for U.S. companies to compete. The tire tariff gradually waned, and finally ended in 2012.
The tariff saved 1,200 U.S. tire jobs, which had been in sharp decline. And U.S. tire production rose after a major decline.
"Over a thousand Americans are working today because we stopped a surge in Chinese tires," Obama said in his 2012 State of the Union address.
But a study from the Peterson Institute of International Economics found that the tariffs cost Americans in many other ways.
Top 5 Low Price Stocks To Buy For 2019: Jack Henry & Associates Inc.(JKHY)
Advisors' Opinion:- [By Joseph Griffin]
Get a free copy of the Zacks research report on Jack Henry & Associates (JKHY)
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- [By Ethan Ryder]
Stifel Financial Corp increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 12.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,616 shares of the technology company’s stock after acquiring an additional 6,990 shares during the period. Stifel Financial Corp’s holdings in Jack Henry & Associates were worth $7,436,000 as of its most recent SEC filing.
- [By Ethan Ryder]
Whittier Trust Co. of Nevada Inc. raised its position in Jack Henry & Associates (NASDAQ:JKHY) by 42.5% in the first quarter, Holdings Channel reports. The fund owned 3,154 shares of the technology company’s stock after buying an additional 940 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Jack Henry & Associates were worth $381,000 as of its most recent SEC filing.
Top 5 Low Price Stocks To Buy For 2019: Rada Electronics Industries Limited(RADA)
Advisors' Opinion:- [By Logan Wallace]
TESSCO Technologies (NASDAQ: TESS) and RADA Electronic Industries (NASDAQ:RADA) are both small-cap computer and technology companies, but which is the superior business? We will compare the two businesses based on the strength of their dividends, institutional ownership, profitability, valuation, analyst recommendations, risk and earnings.
Top 5 Low Price Stocks To Buy For 2019: Cubic Corporation(CUB)
Advisors' Opinion:- [By Logan Wallace]
Schwab Charles Investment Management Inc. increased its holdings in shares of Cubic Co. (NYSE:CUB) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,905 shares of the scientific and technical instruments company’s stock after buying an additional 6,179 shares during the period. Schwab Charles Investment Management Inc. owned about 0.77% of Cubic worth $13,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Top 5 Low Price Stocks To Buy For 2019: PICO Holdings Inc.(PICO)
Advisors' Opinion:- [By Joseph Griffin]
Pico (NASDAQ: PICO) and Ellington Financial (NYSE:EFC) are both small-cap finance companies, but which is the superior business? We will compare the two businesses based on the strength of their risk, institutional ownership, dividends, valuation, earnings, profitability and analyst recommendations.
- [By Shane Hupp]
PICO (NASDAQ: PICO) and Urban Edge Properties (NYSE:UE) are both finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their profitability, earnings, analyst recommendations, dividends, institutional ownership, valuation and risk.
- [By Ethan Ryder]
NEW WORLD Dev L/ADR (OTCMKTS: NDVLY) and Pico (NASDAQ:PICO) are both finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, earnings, risk, dividends, institutional ownership and profitability.
Top 5 Low Price Stocks To Buy For 2019: ServiceMaster Global Holdings, Inc.(SERV)
Advisors' Opinion:- [By Shane Hupp]
Servicemaster Global Holdings Inc (NYSE:SERV) hit a new 52-week high and low during trading on Thursday . The company traded as low as $59.70 and last traded at $59.03, with a volume of 15886 shares trading hands. The stock had previously closed at $59.62.
- [By Max Byerly]
ServiceMaster (NYSE:SERV)’s share price reached a new 52-week high and low during trading on Tuesday . The company traded as low as $55.63 and last traded at $54.76, with a volume of 207508 shares traded. The stock had previously closed at $55.35.
- [By Stephan Byrd]
ServiceMaster (NYSE:SERV) insider Timothy M. Haynes sold 55,363 shares of the stock in a transaction that occurred on Thursday, May 3rd. The shares were sold at an average price of $53.18, for a total transaction of $2,944,204.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
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