Economics
For U.S. Business, Trump's China Deal Can't Come Soon Enough
- CEOs warn layoffs loom if end to trade war isn’t forthcoming
- Broad swathe of industries affected by tariffs and uncertainty
This article is for subscribers only.
Pretty much everyone from farmers in the American grain belt to importers of technology products wants an end to President Donald Trump’s trade war with China. For Tore Torvund, who runs a silicon materials manufacturer, however, Trump striking a deal with Beijing has become an existential question. He needs a victory now.
For months Torvund and the 150 or so workers who operate REC Silicon ASA’s sprawling tangle of pipes, valves and gravity-fed reactors inside a towering plant have been running at just 25 percent capacity, keeping an eager eye on bilateral trade negotiations that could salvage or doom their operation.