For Nick Jarmoszuk, an Ohio industrialist, the trade war President Donald Trump has unleashed against China has not come a moment too soon.
America’s trade imbalance with the rest of the world was “something that’s been festering for a long time, and it’s a good thing to address”, he said. “The longer you leave it, the tougher it is to fix.”
Jarmoszuk is the founder and chief executive of Skylift, a small company in Lorain, Ohio, that makes equipment for electricity utility companies. He said he would not be hurt by the severe 145 per cent tariffs on China because his company used components manufactured in the US. “If most people did that we’d be in a better place,” he said.
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