Jeffrey Fischer, principal of Planet Gold Clothing Company, warned: “The rapid pace at which these tariffs may be imposed will leave no possible outcome, other than that the cost will be borne by U.S. companies, their employees, retail customers, and ultimately the U.S. consumer.” “Look out, American toy shoppers here comes the Grinch That Tariffed Christmas!” Wendy Lazar, the founder of California plush toy company I Heart Guts, posted online. While Apple will not testify in person, it is expected to file comments, according to Politico. CEO “Tim Apple” met with the president last week and has publicly said tariffs on products like cell phones and other electronics from China will hurt the U.S.

Last month, just as it seemed the U.S. might agree to a deal with China, Trump derailed the whole thing by threatening to hit almost all remaining Chinese imports with tariffs, claiming that Chinese negotiators had gone back on previous commitments. Despite the fact that his trade policies have done nothing but cost the U.S. money, Trump has continued to insist that “the word TARIFF is a beautiful word indeed!”

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Wall Street is thrilled about the idea of Facebook getting into the cryptocurrency biz

What could possibly go wrong?

Wall Street analysts are eagerly anticipating Facebook’s possible unveil of its long-awaited cryptocurrency payments plan on Tuesday. According to various reports the company is preparing to finally reveal what it calls Project Libra with partners including Visa and Mastercard…. The social media giant has…been under tremendous pressure from government regulators due to various privacy issues, and most analysts think the crypto project may gave the company a big lift in more ways than one. “We believe this may prove to be one of the most important initiatives in the history of the company to unlock new engagement and revenue streams,” RBC analyst Mark Mahaney said.

In a note to clients, SunTrust echoed RBC’s enthusiasm, noting that launching a cryptocurrency will help take the heat off of Facebook for all that unfortunate election-interference business, among other things. “We believe this is a major initiative for Facebook,” the bank wrote. “It positions the company as one of the key actors at the center of the cryptocurrency development, and a main architect of the future of this emerging and important trend. While cryptocurrencies have existed for several years now, no other company could bring the combination of user scale, brand support and balance sheet, which Facebook can in our opinion…. It reduces the potential for regulatory scrutiny and opposition on antitrust grounds (especially in the current environment), given Facebook’s consortium approach and the varied nature of the partners.”