Op-Ed by Ambassador Jamieson Greer: The Year of the Tariff
USTR noticeStatementPublished 25/12/22Open the original
Summary
In a Financial Times op-ed, USTR Jamieson Greer calls 2025 the year of the tariff and explains the administration's trade policy: 10 per cent tariffs on surplus countries, 15 per cent on small-deficit countries and higher tariffs on large-deficit countries, plus trade deals with Malaysia, Cambodia, Thailand, Vietnam, Korea and others.
By industry
- Tariffs & Reshoring1 trading day+0.9%p15 stocks5 trading days+0.5%p15 stocks20 trading days+12.6%p15 stocks
“Reversing this situation demands a strategy of tariffs and deals”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 25/12/19 | 0.0% | 0.0% |
| 25/12/22 | +1.5% | +0.6% |
| 25/12/23 | +2.1% | +1.0% |
| 25/12/24 | +2.3% | +1.3% |
| 25/12/26 | +2.8% | +1.4% |
| 25/12/29 | +1.5% | +1.0% |
| 25/12/30 | +1.4% | +0.9% |
| 25/12/31 | +0.1% | +0.2% |
| 26/01/02 | +3.8% | +0.3% |
| 26/01/05 | +5.4% | +1.0% |
| 26/01/06 | +6.6% | +1.6% |
| 26/01/07 | +4.8% | +1.3% |
| 26/01/08 | +5.7% | +1.4% |
| 26/01/09 | +7.6% | +1.9% |
| 26/01/12 | +8.8% | +2.0% |
| 26/01/13 | +9.3% | +1.8% |
| 26/01/14 | +10.8% | +1.3% |
| 26/01/15 | +12.4% | +1.6% |
| 26/01/16 | +11.2% | +1.6% |
| 26/01/20 | +11.0% | −0.4% |
| 26/01/21 | +13.4% | +0.8% |
Korean stocks in these industries
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Dennis V. Arriola
BuyCommercial Metals
BuyCommercial Metals
CMC
$149.4K
2,000 sh
$149.4K
Filed 01/22
Traded 01/20
- Karla R. Lewis
SellReliance
SellReliance
RS
$1.1M
3,775 sh
$1.1M
Filed 25/12/02
Traded 25/12/01
- Leon J. Topalian
SellNucor
SellNucor
NUE
$790K
5,000 sh
$790K
Filed 25/12/23
Traded 25/12/19
- Karla R. Lewis
SellReliance
SellReliance
RS
$577.4K
2,034 sh
$577.4K
Filed 25/12/02
Traded 25/12/01
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$5.2M
47,355 sh
$5.2M
Filed 25/12/19
Traded 25/12/18
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$3.6M
11,894 sh
$3.6M
Filed 25/12/11
Traded 25/12/10
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$2.9M
9,473 sh
$2.9M
Filed 25/12/11
Traded 25/12/10
- Brian J. Malloy
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SellCarpenter Technology
CRS
$2.2M
7,326 sh
$2.2M
Filed 25/12/11
Traded 25/12/09
- Brian J. Malloy
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CRS
$2M
6,741 sh
$2M
Filed 25/12/11
Traded 25/12/09
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$1.9M
6,108 sh
$1.9M
Filed 25/12/11
Traded 25/12/10
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$1.7M
5,681 sh
$1.7M
Filed 25/12/11
Traded 25/12/10
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$1.7M
5,545 sh
$1.7M
Filed 25/12/11
Traded 25/12/10
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$1.5M
5,061 sh
$1.5M
Filed 25/12/11
Traded 25/12/09
- Elizabeth A. Socci
SellCarpenter Technology
SellCarpenter Technology
CRS
$1.3M
3,900 sh
$1.3M
Filed 25/12/01
Traded 25/11/26
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$991.5K
3,287 sh
$991.5K
Filed 25/12/11
Traded 25/12/10
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$983.4K
3,193 sh
$983.4K
Filed 25/12/11
Traded 25/12/09
- Allen C. Behr
SellNucor
SellNucor
NUE
$939.4K
5,950 sh
$939.4K
Filed 25/12/23
Traded 25/12/19
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$708.4K
6,507 sh
$708.4K
Filed 25/12/19
Traded 25/12/18
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$679.5K
6,158 sh
$679.5K
Filed 25/12/19
Traded 25/12/18
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$647.5K
2,130 sh
$647.5K
Filed 25/12/11
Traded 25/12/11
