Tag Archives: Bloomberg

The CEO of Polaris Industries says an impending tariff increase is a catastrophe for his business, and could erase a third of the company’s net income. In a phone call with CNBC Tuesday, Polaris CEO and Chairman Scott Wine said the White House’s plan to up tariffs on Chinese goods to 25% is “downright catastrophic in terms of impact on ...

Reuters reports that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will be in Beijing on Tuesday “to try to hammer out details to end” the year-long U.S.-China “trade war, including the shape of an enforcement mechanism, the success or failure of which could set the trajectory of ties for years to come.” According to Reuters, “Both sides ...