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Trump's trade war is economic suicide


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Our people can't go a day without their luxuries, starbuck coffee, facebook or whatever. The Chinese people are far more prepared to suffer, than the average American... Especially our young people who have no idea of what it means to sacrifice. JMHO

End Quote

 

Thanks, B/A...That holds valid in Europe as well....

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Agreed BA on the youth of current day America likely not being able to handle sacrifice. China is going loose its economic strength which will temporarily affect the worlds economy as the National companies relocate their operations out of China. The slow path is to make it to expensive to manufacture in China by passing the tariff costs onto the manufactures and their exported product. Plus their innovativeness will dissipate and they will no longer be cutting edge in anything as they will no longer have a pool of intellectual proprietary goods from which to steal. The fast track to their economic destruction will be the above, plus their selling our T Bills; for 2 reasons. 1. They would be selling them at a discount since they didn't wait to sell them until they matured. IE, they loose money. 2. They will no longer have said T Bills in their Central Bank Reserves increasing the market pressure to devalue their currency even more. Even more than the pressure to devalue the Yuan from the addtional 15% in US tariffs. Recall that CCB devalued the Yuan was it 7% when the 10% tariffs were applied. Forcing the EU to devalue their currency 10 or 13% just to remain competative preventing the loss of manufacturing  from the EU. Also there is developing a play for the USD as a means to hedge against the Yuan's decline. This means a increased demand for the USD. Up from where it is now. These are the facts just check the Forex. Google is moving their phone manufacturing out of China placing a big loss on their economic house Huawei Communications , or ho]wever that companies name is spelt.

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New Trump tariffs would affect nearly 70% of consumer goods: Citi

 

 

The next time President Trump and Chinese President Xi Jinping will meet will likely be at the G-20 summit in Japan next month. The leaders of the world’s two largest economies will no doubt aim to resolve their long-simmering trade dispute that has the U.S. and China going ***-for-tat on tariffs. If they fail to reach an agreement, there’s a good chance Trump will follow through on his threat to place additional 25% tariffs on $300 billion worth of Chinese goods.

A new report by Citi estimates the impact of additional tariffs on virtually all Chinese imports would be far worse than what consumers have seen so far, because the first round of tariffs focused mainly on capital goods, not goods consumers purchase directly. (On May 10, Trump announced a hike in tariffs to 25% from 10%, on $200 billion of Chinese imports, with China hitting back shortly after.)

According to Citi, the prices of goods impacted by tariffs have stabilized over the past couple of months. But the U.S. Trade Representative office’s list of $300 billion worth of Chinese goods that will be included in the next round of tariffs will represent 67% of total imports of consumer goods from China, 66% of automotive vehicles, 19% of industrial supplies, and 38% of capital goods.

China Shipping Company containers are stacked at the Virginia International's terminal in Portsmouth, Va., Friday, May 10, 2019. President Donald Trump's latest tariff hike on Chinese goods took effect Friday and Beijing said it would retaliate, escalating a battle over China's technology ambitions and other trade tensions. (AP Photo/Steve Helber)
 
China Shipping Company containers are stacked at the Virginia International's terminal in Portsmouth, Va., Friday, May 10, 2019. (AP Photo/Steve Helber)

More

“So far, the impact from trade tensions on the U.S. economy has been small,” Citibank global economist Cesar Rojas told Yahoo Finance. “But if trade tensions escalate further into covering all imports from China, the U.S. consumer sector is going to be impacted even more than it has been so far. Mostly through higher prices on consumer goods.”

“Tariffs on the remaining imports from China would have a larger impact on U.S. consumers than previous rounds,” the report says.

Impact on GDP

If Trump imposes 25% tariffs on consumer goods from that $300 billion USTR list, Citi estimates that those tariffs would lower China’s GDP. Even if China retaliates, Chinese GDP will still be negatively impacted according to Citi.

However, if American firms manage to substitute all imports from China with imports from other countries, there will be no growth dividend for the U.S., and higher prices will hurt consumption and reduce GDP, Citi says.

Inflation

Executives of more than two dozen American companies have made it clear they will raise prices on consumer goods to protect their profit margins and stay competitive. Citi estimates that a 25% tariff would increase inflation by more than three times what the estimated effect of the current tariffs are.

Citi says higher prices on consumer goods could lead other companies to also raise prices on goods that are not facing tariffs to alleviate pressure on their margins.

“What we have seen so far is that there has been some margin compression,” Rojas says. “If you know that your competitors are going to increase their prices but you are also having some issues with your margins, instead of compressing your margins even more, and losing by selling at the lower price, you will also increase your prices. At this point…some firms are prepared to basically pass higher costs to consumers.”

For example, the price of imported washing machines increased by about 12% because of tariffs, but the price of dryers – which weren’t impacted by tariffs – also rose by the same amount.

Figures in this chart only reflect the impact of the next set of Trump tariffs on $300 billion of Chinese imports, not on already implemented tariffs. Graphic by David Foster for Yahoo Finance
 
Figures in this chart only reflect the impact of the next set of Trump tariffs on $300 billion of Chinese imports, not on imports affected by the previous rounds of tariffs. (Graphic by David Foster for Yahoo Finance)

More

 

Sectors impacted the most by tariffs

If Trump pulls the trigger on the $300 billion of Chinese goods, the communications equipment product category will be hit hardest, with $50.57 billion of imports affected by tariffs.

Apparel has not generally been affected by the current set of tariffs, but it will be if the new round goes through, with specialty and department-store retailers negatively impacted, Citi says.

“The group in general has already been suffering from EBIT margin compression over the past five years and with little pricing power (for the majority of companies) we’d expect tariffs to compress margins even more,” the report says. Citi estimates that $24.33 billion of apparel imports will be impacted by tariffs, as well as nearly $14 billion of footwear.

As costs rise, Citi estimates the only companies that will have pricing power are the strongest ones, including Nike and Lululemon. Smaller retailers will try to pass on the cost to consumers but in the end it’s their margins that will end up getting hurt.

The U.S. government is seeking comments from the public about its list of Chinese goods that could be subject to additional tariffs. The deadline for submitting comments is June 17, when there will also be a public hearing on this matter.

https://finance.yahoo.com/news/new-trump-tariffs-would-affect-nearly-70-of-consumer-goods-165446628.html

 

B/A

Edited by bostonangler
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  • 3 weeks later...

U.S. Steel, Darling of Trump's Tariffs, Plans to Idle Plants

(Bloomberg) -- Terms of Trade is a coming daily newsletter that untangles a world embroiled in trade wars. Sign up here. 

What a difference a year or so makes.

Starting in 2018, U.S. President Donald Trump has been touting the restorative value of the tariffs his administration imposed on imports that March. “Steel is coming back fast!” he said in a tweet a year ago. In another comment, he said, “These industries, it’s incredible what’s going on. U.S. Steel is building many plants and expanding many plants.”

But fissures have appeared in those declarations. And on Tuesday U.S. Steel Corp., one of the beneficiaries of the president’s metal tariffs, announced that it will be idling two blast furnaces in the U.S., and one in Europe, until “market conditions improve.”

The decision comes amid falling steel prices in the U.S. due to worries of a glut from new capacity planned for the coming years. Major U.S. producers that had announced expansions or restarts include Nucor Corp., Steel Dynamics Inc., Commercial Metals Co., as well as U.S. Steel.

“In the United States, we began a planned maintenance outage on the Great Lakes B2 blast furnace last week,” the Pittsburgh-based company said Tuesday. “Based on current market conditions, we expect the B2 blast furnace to remain idled after the completion of the planned outage. In addition, we expect to temporarily idle a south blast furnace at our Gary Works facility.”

To be sure, the tariffs did provide an adrenaline rush of energy to the industry. Nucor, the country’s largest steelmaker, and U.S. Steel were among companies that saw significant profit gains in 2018. But on the whole, investors have reason to feel short-changed. The S&P Supercomposite Steel Index has dropped 29 percent in the past year, with U.S. Steel’s 60% drop among the worst of the gauge’s 13 companies.

https://finance.yahoo.com/news/darling-trumps-tariffs-plans-idle-215843715.html

 

 

Sweet, another example of economic genius and stability.

B/A

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Trump's tariffs hit Texas manufacturers, spark fears for the future: Survey

 

 

Profit margins in Texas-based manufacturers are taking a dive as a result of President Trump’s trade wars, according to a survey released on Monday by the Federal Reserve Bank of Dallas.

According to the Dallas Fed’s survey of Texas’ manufacturing activity in June, 29% of companies surveyed reported a decrease in profit margins as a result of tariffs. That stands in stark contrast to September of last year, when only 3.9% reported increases.

The central bank’s study comes against a backdrop of an ongoing trade dispute between the U.S. and China that shows no signs of de-escalating — and is showing up across a range of industries and key gauges of the economy.

According to the Dallas Fed, 58% of Texas companies surveyed currently reported that U.S. and foreign tariffs had no impact on their firm overall, while 28% reported a negative impact.

Yet those numbers changed dramatically when Texas businesses were asked to project impact in 2020-2021. A whopping 37% reported the impact would be negative, while only 29% reported no impact.

The Federal Reserve Bank of Dallas asked "What net impact have U.S. and foreign tariffs implemented since last year had on your firm overall, and what do you expect for the longer term?
 
SOURCE: Federal Reserve Bank of Dallas, Texas Business Outlook Surveys
More

Manufacturers in Texas are not immune to the nationwide fears resulting from increases in tariffs. Some 41% of manufacturing executives nationwide say that their businesses have already been negatively affected by the tariffs.

“It has led to austerity measures even in a year of projected overall revenue growth, but with lower margins, and to headcount/hiring freezes even with record production in some areas of the company,” one respondent told the Dallas Fed in its survey.

Alarm bells are sounding on the current impact of tariffs, but many companies surveyed mentioned how future uncertainty has affected current production.

“It makes planning difficult, specifically in regard to capital investment,” reported a nonmetallic mineral product manufacturer, who raised questions about what would happen if tensions were raised further.

 

Global Risks, Local Fears

Consumer tech companies like Best Buy (BBY) and Roku, (ROKU), along with toy companies such as Hasbro (HAS) have in recent days joined the chorus of voices lobbying the Trump administration to reconsider tariffs.

Texas’ vast economy is a hub for energy and manufacturing, and sits in the middle of the pack of states most susceptible to tariffs from China, according to analysis from JP Morgan Chase.

Texas’ state GDP could be affected by 2.5% by the newest round of tariffs —lower than Tennessee’s expected impact of 7.3% but far higher than Montana and North Dakota’s economies, the bank found.

Many of the concerns for Texas businesses, though, are centered around how new tariffs might affect the broader economy—and their bottom line.

https://finance.yahoo.com/news/trumps-tariffs-hit-texas-manufacturers-spark-fears-for-the-future-161856536.html

 

 

 

Feel the burn.

B/A

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16 minutes ago, bostonangler said:

Trump's tariffs hit Texas manufacturers, spark fears for the future: Survey

 

 

Profit margins in Texas-based manufacturers are taking a dive as a result of President Trump’s trade wars, according to a survey released on Monday by the Federal Reserve Bank of Dallas.

According to the Dallas Fed’s survey of Texas’ manufacturing activity in June, 29% of companies surveyed reported a decrease in profit margins as a result of tariffs. That stands in stark contrast to September of last year, when only 3.9% reported increases.

The central bank’s study comes against a backdrop of an ongoing trade dispute between the U.S. and China that shows no signs of de-escalating — and is showing up across a range of industries and key gauges of the economy.

According to the Dallas Fed, 58% of Texas companies surveyed currently reported that U.S. and foreign tariffs had no impact on their firm overall, while 28% reported a negative impact.

Yet those numbers changed dramatically when Texas businesses were asked to project impact in 2020-2021. A whopping 37% reported the impact would be negative, while only 29% reported no impact.

The Federal Reserve Bank of Dallas asked "What net impact have U.S. and foreign tariffs implemented since last year had on your firm overall, and what do you expect for the longer term?
 
SOURCE: Federal Reserve Bank of Dallas, Texas Business Outlook Surveys

More

Manufacturers in Texas are not immune to the nationwide fears resulting from increases in tariffs. Some 41% of manufacturing executives nationwide say that their businesses have already been negatively affected by the tariffs.

“It has led to austerity measures even in a year of projected overall revenue growth, but with lower margins, and to headcount/hiring freezes even with record production in some areas of the company,” one respondent told the Dallas Fed in its survey.

Alarm bells are sounding on the current impact of tariffs, but many companies surveyed mentioned how future uncertainty has affected current production.

“It makes planning difficult, specifically in regard to capital investment,” reported a nonmetallic mineral product manufacturer, who raised questions about what would happen if tensions were raised further.

 

Global Risks, Local Fears

Consumer tech companies like Best Buy (BBY) and Roku, (ROKU), along with toy companies such as Hasbro (HAS) have in recent days joined the chorus of voices lobbying the Trump administration to reconsider tariffs.

Texas’ vast economy is a hub for energy and manufacturing, and sits in the middle of the pack of states most susceptible to tariffs from China, according to analysis from JP Morgan Chase.

Texas’ state GDP could be affected by 2.5% by the newest round of tariffs —lower than Tennessee’s expected impact of 7.3% but far higher than Montana and North Dakota’s economies, the bank found.

Many of the concerns for Texas businesses, though, are centered around how new tariffs might affect the broader economy—and their bottom line.

https://finance.yahoo.com/news/trumps-tariffs-hit-texas-manufacturers-spark-fears-for-the-future-161856536.html

 

 

 

Feel the burn.

B/A

 

You ever notice how "the messenger" is always in season for Trumpkins?  :cowboy2:

 

GO RV, then BV

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Business owner to Trump: Drop the tariffs

 

Jason Trice has one message for President Trump: Your tariffs on Chinese goods are devastating my business.

The president and CEO of Oklahoma City’s Jasco Products is one of more than 300 companies testifying before the U.S. Trade Representative. He told Yahoo Finance’s “The First Trade” that Jasco has already paid “millions upon millions” more to import items for sale here in the U.S.

“Tariffs are taxes, and American consumers and U.S. businesses are paying the taxes,” Trice said. “Over 92% of our business has already been impacted.”

Trump is expected to meet with President Xi Jinping of China this month in Japan, has escalated his trade war, increasing tariffs on $200 billion worth of imports and threatening 25% tariffs on an additional $300 billion worth of Chinese products.

Jasco’s 400 employees design and distribute electrical products under the GE, Honeywell, Philips, Energizer and Disney names, ranging from Star Wars night-lights and smart home controllers to high-end cables. The products are sold at major retailers like Walmart, Target, Home Depot and Amazon.

In prepared testimony, Trice said tariffs “cripple Jasco’s ability to generate profits” and warned the measures are causing “irrecoverable damage” to the business.

Impact of Tariffs by State
 
Impact of Tariffs by State
More

“The administration’s over-reliance on tariffs as an all-purpose foreign policy tool creates unpredictable and artificial market disruptions that are not conducive to a healthy business environment,” he wrote. “Tariffs at 25% exceed Jasco’s operating margins and, absent efforts to mitigate and offset the financial impact, would immediately convert the business our team built from profitable to unprofitable.”

Almost everything Jasco sells is made in China, and while the President Trump thinks companies like Jasco should bring manufacturing home, Trice says they simply cannot.

“There’s no factories in the world that have both the technical capabilities as well as the production capacity to immediately replace all the production we’ve built in China over the last 40 years,” Trice told Yahoo Finance. “It will take years and tens of millions of dollars to redevelop our products and to ramp up production in other countries.”

And even if they did, prices would go even higher and that could be the end of their business.

“Consumers don’t want to pay $30 for an HDMI cable,” he said.

https://finance.yahoo.com/news/business-owner-to-trump-drop-the-tariffs-164352109.html

 

 

The last four lines say it all... It takes time to build a system and time to unravel it... And as we all know, time is money...

B/A

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At some point in time major changes need to be made in many aspects of how the US conducts business around the world.....take NATO and the UN as examples....other countries weren't paying the bill as they had agreed.....(Germany was $338 billion in arrears)......so Trump said enough....

 

China through currency manipulation has been taking advantage of the US for decades.....as many other countries have....Canada and Mexico have benefited greatly through unequal trade policy...

So sooner or later.....change is required....

As to the "pain".......it's coming anyhow......and will have nothing to do with the tariff situation....instead it is all about the FIAT money system and the $225+ trillion of world debt that can never be repaid....this is all coming to a head soon after 45 years of world governments incompetence....

JMO.        CL 

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Went to buy a washing machine for my parents last week an my Dad took the ride, went to BBuy an my Dad ask the guy is this thing made in China, salesman said they use to be but that machine is now made in upstate SC. He stated since Trump place those Tariffs on China it cheaper to build here then buy from overseas, so the manufacture LG open a plant in SC to save money. It put a smile on both of our face's an we said we will take it..:lol:

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4 minutes ago, yota691 said:

Went to buy a washing machine for my parents last week an my Dad took the ride, went to BBuy an my Dad ask the guy is this thing made in China, salesman said they use to be but that machine is now made in upstate SC. He stated since Trump place those Tariffs on China it cheaper to build here then buy from overseas, so the manufacture LG open a plant in SC to save money. It put a smile on both of our face's an we said we will take it..:lol:

 

Great story, thxs for sharing.

 

Businesses that are doing the complaining about tariffs are not really losing money, there just not making as much as they are use to. Time to source locally and support the men and women working there,

 

  Just my :twocents:

 

pp

Edited by pokerplayer
spelling, what else ? lol
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On 5/29/2019 at 2:06 PM, bostonangler said:

New Trump tariffs would affect nearly 70% of consumer goods: Citi

 

 

The next time President Trump and Chinese President Xi Jinping will meet will likely be at the G-20 summit in Japan next month. The leaders of the world’s two largest economies will no doubt aim to resolve their long-simmering trade dispute that has the U.S. and China going ***-for-tat on tariffs. If they fail to reach an agreement, there’s a good chance Trump will follow through on his threat to place additional 25% tariffs on $300 billion worth of Chinese goods.

A new report by Citi estimates the impact of additional tariffs on virtually all Chinese imports would be far worse than what consumers have seen so far, because the first round of tariffs focused mainly on capital goods, not goods consumers purchase directly. (On May 10, Trump announced a hike in tariffs to 25% from 10%, on $200 billion of Chinese imports, with China hitting back shortly after.)

According to Citi, the prices of goods impacted by tariffs have stabilized over the past couple of months. But the U.S. Trade Representative office’s list of $300 billion worth of Chinese goods that will be included in the next round of tariffs will represent 67% of total imports of consumer goods from China, 66% of automotive vehicles, 19% of industrial supplies, and 38% of capital goods.

China Shipping Company containers are stacked at the Virginia International's terminal in Portsmouth, Va., Friday, May 10, 2019. President Donald Trump's latest tariff hike on Chinese goods took effect Friday and Beijing said it would retaliate, escalating a battle over China's technology ambitions and other trade tensions. (AP Photo/Steve Helber)
 
China Shipping Company containers are stacked at the Virginia International's terminal in Portsmouth, Va., Friday, May 10, 2019. (AP Photo/Steve Helber)

More

“So far, the impact from trade tensions on the U.S. economy has been small,” Citibank global economist Cesar Rojas told Yahoo Finance. “But if trade tensions escalate further into covering all imports from China, the U.S. consumer sector is going to be impacted even more than it has been so far. Mostly through higher prices on consumer goods.”

“Tariffs on the remaining imports from China would have a larger impact on U.S. consumers than previous rounds,” the report says.

Impact on GDP

If Trump imposes 25% tariffs on consumer goods from that $300 billion USTR list, Citi estimates that those tariffs would lower China’s GDP. Even if China retaliates, Chinese GDP will still be negatively impacted according to Citi.

However, if American firms manage to substitute all imports from China with imports from other countries, there will be no growth dividend for the U.S., and higher prices will hurt consumption and reduce GDP, Citi says.

Inflation

Executives of more than two dozen American companies have made it clear they will raise prices on consumer goods to protect their profit margins and stay competitive. Citi estimates that a 25% tariff would increase inflation by more than three times what the estimated effect of the current tariffs are.

Citi says higher prices on consumer goods could lead other companies to also raise prices on goods that are not facing tariffs to alleviate pressure on their margins.

“What we have seen so far is that there has been some margin compression,” Rojas says. “If you know that your competitors are going to increase their prices but you are also having some issues with your margins, instead of compressing your margins even more, and losing by selling at the lower price, you will also increase your prices. At this point…some firms are prepared to basically pass higher costs to consumers.”

For example, the price of imported washing machines increased by about 12% because of tariffs, but the price of dryers – which weren’t impacted by tariffs – also rose by the same amount.

Figures in this chart only reflect the impact of the next set of Trump tariffs on $300 billion of Chinese imports, not on already implemented tariffs. Graphic by David Foster for Yahoo Finance
 
Figures in this chart only reflect the impact of the next set of Trump tariffs on $300 billion of Chinese imports, not on imports affected by the previous rounds of tariffs. (Graphic by David Foster for Yahoo Finance)

More

 

Sectors impacted the most by tariffs

If Trump pulls the trigger on the $300 billion of Chinese goods, the communications equipment product category will be hit hardest, with $50.57 billion of imports affected by tariffs.

Apparel has not generally been affected by the current set of tariffs, but it will be if the new round goes through, with specialty and department-store retailers negatively impacted, Citi says.

“The group in general has already been suffering from EBIT margin compression over the past five years and with little pricing power (for the majority of companies) we’d expect tariffs to compress margins even more,” the report says. Citi estimates that $24.33 billion of apparel imports will be impacted by tariffs, as well as nearly $14 billion of footwear.

As costs rise, Citi estimates the only companies that will have pricing power are the strongest ones, including Nike and Lululemon. Smaller retailers will try to pass on the cost to consumers but in the end it’s their margins that will end up getting hurt.

The U.S. government is seeking comments from the public about its list of Chinese goods that could be subject to additional tariffs. The deadline for submitting comments is June 17, when there will also be a public hearing on this matter.

https://finance.yahoo.com/news/new-trump-tariffs-would-affect-nearly-70-of-consumer-goods-165446628.html

 

B/A

 

More Than 600 U.S. Companies Sign Letter In support Of Trump’s Tariffs

More than 600 U.S. companies signed a letter on June 21 in support of President Donald Trump’s tariffs imposed on China, backing the U.S. administration clamping down on the regime’s unfair trade practices.

The letter (pdf), signed by hundreds of U.S. producers as well as trade groups, said the administration needs to stay firm on the Chinese regime, given that the U.S. manufacturing sector is at stake. It also expressed concern about human rights abuses in China.

 

“If you want to get a sense of how the American people really feel about President Trump’s tariffs, take a look at today’s letter,” said Dan DiMicco, chair of the Coalition for a Prosperous America in a June 21 statement.

“Small and mid-sized companies from all over the country signed the letter—everything from apple growers, truckers, and lumber producers to steel, glass, and tire makers.

 

“China has been taking advantage of America’s openness for many years, and this has cost us millions of middle-class jobs. The American people are tired of it, and they support the president’s approach.”

https://dailycaller.com/2019/06/21/over-600-us-companies-support-trumps-tariffs/

 

also found at:https://www.theepochtimes.com/over-600-us-companies-support-trumps-tariffs-on-china-letter_2973858.html

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Apple moves Mac Pro production to China from U.S. -WSJ

 

June 28 (Reuters) - Apple Inc is shifting the manufacturing of its new Mac Pro computer to China from the United States as trade tensions between the two nations escalate, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The tech giant has tapped contractor Quanta Computer Inc to manufacture the $6,000 desktop computer and is ramping up production at a factory near Shanghai, the report said https://www.wsj.com/articles/apple-moves-mac-pro-production-to-china-11561728769?mod=searchresults&page=1&pos=1.

Both, Apple and Quanta Computer did not immediately respond to requests for comment.

https://finance.yahoo.com/news/apple-moves-mac-pro-production-134644711.html

 

 

B/A

 

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Trump's trade war with China is damaging the US economy: top economist

 

The stock market is on fire, but that doesn’t mean President Donald Trump’s ongoing trade war with China isn’t starting to do real damage to the U.S. economy.

Investors could ignore the economic warning signs for now, though eventually they will probably pay for tossing a blind eye to it. “The fingerprints of the trade war were on this employment report, they are weighing on the economy,” Moody’s Analytics Chief Economist Mark Zandi said on Yahoo Finance’s The First Trade. “Growth is slowing because of the trade war and the uncertainty created by that. I think it will become more evident going forward.”

The report Zandi referenced is the June ADP employment figures released Wednesday. The U.S. private sector added a disappointing 102,000 positions in June, lower than the 140,000 positions Wall Street was predicting. Last month’s reading represented the smallest increase in private positions since the start of the economic expansion.

While larger businesses were adding, small businesses with fewer than 50 employees saw a drop of 23,000 positions. Meanwhile, businesses with 19 or less employees reduced payrolls by 37,000 positions.

The sector that continues to see weakness was the goods-producing sector, with construction falling by 18,000 positions. Within the services-producing sectors, leisure and hospitality added a meager 3,000 positions in June.

The ADP report joins a long list of reads on the U.S. economy — from a lackluster quarter for transport giant FedEx (FDX) to cooling ISM manufacturing results — that paint the economy in a less than stellar light.

“I don’t think the nominal truce President Trump and Xi agreed to this past weekend is going to reduce the uncertainty that many large companies face,” Zandi cautioned. “As long as they are uncertain what products are going to have tariffs, they are not going to be out there hiring people. So I think the trade war will continue to do damage to the labor market.”

Nevertheless, the S&P 500 powered to a record high Wednesday morning. Don’t get used to it bulls, the non-farm payrolls report out on Friday could be a doozy.

https://www.yahoo.com/finance/news/trumps-trade-war-with-china-is-damaging-the-us-economy-top-economist-143323117.html

 

 

Wow imagine that... Putting us on an isolated island isn't working. Who would have guessed that?

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Prices of Everyday Items Before and After the Trade War

 

The economy moves slowly. Sometimes, enormous changes can occur without the average person being able to spot the effects for months — or even years. So, while you might be getting sick of reading about just how big a change you’re in store for because of the trade war between the U.S. and China, the simple fact is that the American economy is beginning to reflect the added costs of tariffs on imports to the U.S. as well as the retaliatory tariffs on American goods being shipped elsewhere.

But, rest assured, there are definitely some Americans who are not looking around wondering what the big deal is. If you run a soybean farm or a furniture store, you’re already feeling the sting in a major way. And while changes to something like the price of a bushel of corn on commodity markets might not seem like something you should worry about, the simple fact is that it probably is — you just don’t know it yet.

So, here’s a look at some changes in prices for various everyday goods and commodities caused by the trade war.

Furniture

 
  • Price Increase: $200 in the retail price of a table

Operating a retail furniture store is going to include sourcing a wide variety of items from suppliers around the globe, who themselves are juggling the cost of importing and using supplies. That leaves many furniture store owners sifting through thousands of items they offer to determine their source — and increasing prices to reflect their new costs.

Washing Machines

 
  • Price Increase: $86 per unit

President Donald Trump’s administration slapped a tariff on imported washing machines last year — starting at 20% and then rising to 50% after total imports cleared a previously established quota — after complaints from Whirlpool. However, in a great example of the law of unintended consequences, that has driven up the price on all washers. While it should, hypothetically, only impact the price of imported washers, domestic makers have taken advantage of price increases for the competition to raise their own prices and reap bigger profits.

All this has translated to consumers taking a hit to the tune of about $86 a unit.

Dryers

 
  • Price Increase: $92 per unit

There’s no tariff on dryers. However, since your dryer is a “complementary good,” sellers are getting away with increasing prices along with washers rather than letting the prices diverge.

Coffee

 
  • Price Increase: $0.04 per pound

Outside of Hawaii, there’s not a lot of coffee grown in the U.S. However, Kona coffee is internationally recognized for its quality, and the retaliatory tariffs from some countries have targeted exported American coffee. That can have the effect of pushing down coffee prices, which is great for consumers, but it means coffee growers will take a real hit to their bottom line.

So, while the price of a pound of coffee is up almost a nickel since September of last year, it’s also down over 60 cents since where it was at the start of 2015.

Peanuts

 
  • Price Increase: -$172.48 per metric ton

Good news, Dumbo! The price of peanuts has been falling sharply since peaking in September of last year, falling by nearly $175 per metric ton. However, while the European Union has slapped a tariff on the import of peanut butter, it’s not entirely clear how much that’s responsible for the declining value of peanut crops as the delicious, creamy spread lacks popularity across the pond.

Wheat

  • Price Increase: -$32.11

American farmers are among the country’s biggest exporters, sending roughly a fifth of their total crops to be sold overseas. As such, many of the retaliatory tariffs targeting the U.S. have focused there. So, when China slaps tariffs on American wheat, it lowers demand and ultimately causes prices to drop — hurting farmers trying to make ends meet.

That drop in price since last August translates to a loss of $177,512.10 in annual revenue for the typical wheat farm in Kansas.

See: These Companies Have Lost More Than $1 Billion in the Trade War

Rubber

 
  • Price Increase: $0.17

You might not put a lot of thought into the price of rubber, but the people making most of the stuff you own are. Rubber is essential to a wide variety of goods — and the equipment that makes those goods — meaning changes in price there can ripple out across the broader economy.

While the most recent data is from before the May tariff hike, prices have been on the rise since reaching a bottom at 61 cents a pound in November 2018. But, with the United States importing some $21.4 billion a year in rubber and plastic goods from China, everything from tires to conveyor belts are likely to start costing more.

Cars

 
  • Price Increase: $7,000 per vehicle

The supply chains behind your car are global, with nearly half the new cars sold in America getting made elsewhere and most of the other half still incorporating imported parts. However, the combined effect of all the new taxes on moving goods across borders is expected to translate to an increase in the cost of the average car by some $7,000, according to auto website Edmunds.

Bicycles

 
  • Price Increase: $30

Chinese-made imports make up roughly half of the total market for bicycles in the United States, meaning bikes for all ages and riding styles are going to get more expensive.

Iron Ore

 
  • Price Increase: $25.70 per metric ton

If the recent updates to NAFTA ultimately go into effect, Canada and Mexico would be off the hook for the tariffs on aluminum and steel imposed by the Trump administration. In the meantime, though, iron ore has jumped in price by over $25 a metric ton since September of last year, overtaking a previous high of $88.95 from February 2017 on its way to a price of nearly $95.

The Price Changes for Apple Products

If you missed the controversies over the working conditions at Foxconn factories in China, you might not realize that your favorite Apple products are almost entirely manufactured in China. And, since they’re included in those goods with a new 25% tariff getting slapped onto them, it does mean that Apple products will likely increase in price.

Of course, one could observe that — with the company carrying a massive 22.12% profit margin and over $10 billion in net profit every three months — it would appear the company has ample room to absorb the additional costs itself, but that’s a question to be posed to Tim Cook et al.

iPhone XS Max

 
  • Price Increase: $113

Fortunately, the 25% tariff applies to the wholesale prices, not the retail price. So while an iPhone XS Max normally sells for $1,249, it only has $453 worth of parts — translating to a little over $100 in extra costs.

iPhone XS

 
  • Price Increase: $160

While significantly cheaper than the “Max” model, the $999 iPhone XS is expected to see its price jump by $160 a phone.

Apple Pencil

 
  • Price Increase: $30

While the potential increase in the price of phones is still hypothetical — the most recent round of tariffs only hit in May — some other products already took a hit with the last round. The updated Apple Pencil that came out in October, for instance, was $30 more than the one it was replacing.

Mac mini

 
  • Price Increase: $300

Another product that was affected by the previous set of tariffs, the new Mac mini is $300 more than the previous version.

The Price Changes for Shoes

Some of your footwear is very likely made in China. And that’s almost regardless of your age or the style of shoe we’re talking about: In 2017, nearly 60% of all footwear imported into the United States came from China. As such, a blanket 25% tariff on imports means that shoes, boots and sandals large and small are likely to see prices climbing in the near future.

Sneakers

 
  • Price Increase: $12.75

Including “landed costs” and other costs like the standard retail markup for the typical pair of sneakers, it will cost an additional $12.75 — on average — to buy a pair of sneakers in the United States.

Boots

 
  • Price Increase: $30.34

If you’ve been saving up for a pair of incredible thigh-highs, be ready to save just a little longer. The typical boot stands to see its price jump by over $30.

Children's Shoes

 
  • Price Increase: $4.40

Smaller shoes translate to a smaller price jump, in this case, but an additional $4.40 a pair for shoes you’ll need to replace several times over as your kid grows can really add up.

Hiking Boots

 
  • Price Increase: $58.56

Hikers, beware: Your sturdy footwear for navigating deep woods and high mountains is among those hit by tariffs. The typical hiker should need nearly $60 more for each pair someday soon.

Running Shoes

 
  • Price Increase: $56.25

Anyone who thought it might be fun to sign up for a 10k to get into shape probably had a rude awakening once they came to realize just how much the shoes cost. Well, the sticker shock looks to get even more shocking: Prices are expected to climb by nearly $60 a pair.

Basketball Sneakers

 
  • Price Increase: $48.74

You might already feel like an NBA contract is the only way to afford a nice pair of basketball sneakers, but things are about to get even worse. Your next pair could be about $50 more expensive.

Canvas Sneakers

 
  • Price Increase: $15.58

Even hipsters aren’t immune to the effects of tariffs: Canvas shoes are expected to climb in price by over $15.

The Bill for the Trade War Is Paid by American Consumers

In many cases, the change to the price of an individual item will hardly be noticeable in the short term. However, taken all together, the changes add up. Even if you can measure the increase for each item in your grocery cart in the cents, consistently higher prices across the board will start to show up and lead many consumers to start buying less.

Here’s a look at the total costs of the tariffs as estimated by the Federal Reserve Bank of New York. This includes the total amount of taxes paid by importers, the “deadweight” loss — which refers to the lost efficiency due to needing to adjust supply chains — and the total cost to American consumers after all these effects have trickled down to them.

Total Cost of Tariffs
2018 Tariffs
  Tax Payments Deadweight Loss Total Cost to Consumers
Monthly Cost $3 billion $1.4 billion $4.4 billion
Annual Cost $36 billion $16.8 billion $52.8 billion
Cost Per Household (Annual) $282 $132 $414
May 2019 Tariffs
  Tax Payments Deadweight Loss Total Cost to Consumers
Monthly Cost $2.2 billion $6.6 billion $8.8 billion
Annual Cost $26.9 billion $79.1 billion $106 billion
Cost Per Household (Annual) $211 $620 $831

So, the typical American family is approaching $1,000 a year in lost spending power on account of the trade war. And while a successful resolution might ultimately make up for that in the long term, the costs bourne today are causing real pain for some consumers.

Click through to look at the 12 states getting hit hardest by Trump’s tariffs.

 

https://www.yahoo.com/finance/news/prices-everyday-items-trade-war-194341601.html

 

 

 

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12 minutes ago, bostonangler said:

Prices of Everyday Items Before and After the Trade War

 

The economy moves slowly. Sometimes, enormous changes can occur without the average person being able to spot the effects for months — or even years. So, while you might be getting sick of reading about just how big a change you’re in store for because of the trade war between the U.S. and China, the simple fact is that the American economy is beginning to reflect the added costs of tariffs on imports to the U.S. as well as the retaliatory tariffs on American goods being shipped elsewhere.

But, rest assured, there are definitely some Americans who are not looking around wondering what the big deal is. If you run a soybean farm or a furniture store, you’re already feeling the sting in a major way. And while changes to something like the price of a bushel of corn on commodity markets might not seem like something you should worry about, the simple fact is that it probably is — you just don’t know it yet.

So, here’s a look at some changes in prices for various everyday goods and commodities caused by the trade war.

Furniture

 
  • Price Increase: $200 in the retail price of a table

Operating a retail furniture store is going to include sourcing a wide variety of items from suppliers around the globe, who themselves are juggling the cost of importing and using supplies. That leaves many furniture store owners sifting through thousands of items they offer to determine their source — and increasing prices to reflect their new costs.

Washing Machines

 
  • Price Increase: $86 per unit

President Donald Trump’s administration slapped a tariff on imported washing machines last year — starting at 20% and then rising to 50% after total imports cleared a previously established quota — after complaints from Whirlpool. However, in a great example of the law of unintended consequences, that has driven up the price on all washers. While it should, hypothetically, only impact the price of imported washers, domestic makers have taken advantage of price increases for the competition to raise their own prices and reap bigger profits.

All this has translated to consumers taking a hit to the tune of about $86 a unit.

Dryers

 
  • Price Increase: $92 per unit

There’s no tariff on dryers. However, since your dryer is a “complementary good,” sellers are getting away with increasing prices along with washers rather than letting the prices diverge.

Coffee

 
  • Price Increase: $0.04 per pound

Outside of Hawaii, there’s not a lot of coffee grown in the U.S. However, Kona coffee is internationally recognized for its quality, and the retaliatory tariffs from some countries have targeted exported American coffee. That can have the effect of pushing down coffee prices, which is great for consumers, but it means coffee growers will take a real hit to their bottom line.

So, while the price of a pound of coffee is up almost a nickel since September of last year, it’s also down over 60 cents since where it was at the start of 2015.

Peanuts

 
  • Price Increase: -$172.48 per metric ton

Good news, Dumbo! The price of peanuts has been falling sharply since peaking in September of last year, falling by nearly $175 per metric ton. However, while the European Union has slapped a tariff on the import of peanut butter, it’s not entirely clear how much that’s responsible for the declining value of peanut crops as the delicious, creamy spread lacks popularity across the pond.

Wheat

  • Price Increase: -$32.11

American farmers are among the country’s biggest exporters, sending roughly a fifth of their total crops to be sold overseas. As such, many of the retaliatory tariffs targeting the U.S. have focused there. So, when China slaps tariffs on American wheat, it lowers demand and ultimately causes prices to drop — hurting farmers trying to make ends meet.

That drop in price since last August translates to a loss of $177,512.10 in annual revenue for the typical wheat farm in Kansas.

See: These Companies Have Lost More Than $1 Billion in the Trade War

Rubber

 
  • Price Increase: $0.17

You might not put a lot of thought into the price of rubber, but the people making most of the stuff you own are. Rubber is essential to a wide variety of goods — and the equipment that makes those goods — meaning changes in price there can ripple out across the broader economy.

While the most recent data is from before the May tariff hike, prices have been on the rise since reaching a bottom at 61 cents a pound in November 2018. But, with the United States importing some $21.4 billion a year in rubber and plastic goods from China, everything from tires to conveyor belts are likely to start costing more.

Cars

 
  • Price Increase: $7,000 per vehicle

The supply chains behind your car are global, with nearly half the new cars sold in America getting made elsewhere and most of the other half still incorporating imported parts. However, the combined effect of all the new taxes on moving goods across borders is expected to translate to an increase in the cost of the average car by some $7,000, according to auto website Edmunds.

Bicycles

 
  • Price Increase: $30

Chinese-made imports make up roughly half of the total market for bicycles in the United States, meaning bikes for all ages and riding styles are going to get more expensive.

Iron Ore

 
  • Price Increase: $25.70 per metric ton

If the recent updates to NAFTA ultimately go into effect, Canada and Mexico would be off the hook for the tariffs on aluminum and steel imposed by the Trump administration. In the meantime, though, iron ore has jumped in price by over $25 a metric ton since September of last year, overtaking a previous high of $88.95 from February 2017 on its way to a price of nearly $95.

The Price Changes for Apple Products

If you missed the controversies over the working conditions at Foxconn factories in China, you might not realize that your favorite Apple products are almost entirely manufactured in China. And, since they’re included in those goods with a new 25% tariff getting slapped onto them, it does mean that Apple products will likely increase in price.

Of course, one could observe that — with the company carrying a massive 22.12% profit margin and over $10 billion in net profit every three months — it would appear the company has ample room to absorb the additional costs itself, but that’s a question to be posed to Tim Cook et al.

iPhone XS Max

 
  • Price Increase: $113

Fortunately, the 25% tariff applies to the wholesale prices, not the retail price. So while an iPhone XS Max normally sells for $1,249, it only has $453 worth of parts — translating to a little over $100 in extra costs.

iPhone XS

 
  • Price Increase: $160

While significantly cheaper than the “Max” model, the $999 iPhone XS is expected to see its price jump by $160 a phone.

Apple Pencil

 
  • Price Increase: $30

While the potential increase in the price of phones is still hypothetical — the most recent round of tariffs only hit in May — some other products already took a hit with the last round. The updated Apple Pencil that came out in October, for instance, was $30 more than the one it was replacing.

Mac mini

 
  • Price Increase: $300

Another product that was affected by the previous set of tariffs, the new Mac mini is $300 more than the previous version.

The Price Changes for Shoes

Some of your footwear is very likely made in China. And that’s almost regardless of your age or the style of shoe we’re talking about: In 2017, nearly 60% of all footwear imported into the United States came from China. As such, a blanket 25% tariff on imports means that shoes, boots and sandals large and small are likely to see prices climbing in the near future.

Sneakers

 
  • Price Increase: $12.75

Including “landed costs” and other costs like the standard retail markup for the typical pair of sneakers, it will cost an additional $12.75 — on average — to buy a pair of sneakers in the United States.

Boots

 
  • Price Increase: $30.34

If you’ve been saving up for a pair of incredible thigh-highs, be ready to save just a little longer. The typical boot stands to see its price jump by over $30.

Children's Shoes

 
  • Price Increase: $4.40

Smaller shoes translate to a smaller price jump, in this case, but an additional $4.40 a pair for shoes you’ll need to replace several times over as your kid grows can really add up.

Hiking Boots

 
  • Price Increase: $58.56

Hikers, beware: Your sturdy footwear for navigating deep woods and high mountains is among those hit by tariffs. The typical hiker should need nearly $60 more for each pair someday soon.

Running Shoes

 
  • Price Increase: $56.25

Anyone who thought it might be fun to sign up for a 10k to get into shape probably had a rude awakening once they came to realize just how much the shoes cost. Well, the sticker shock looks to get even more shocking: Prices are expected to climb by nearly $60 a pair.

Basketball Sneakers

 
  • Price Increase: $48.74

You might already feel like an NBA contract is the only way to afford a nice pair of basketball sneakers, but things are about to get even worse. Your next pair could be about $50 more expensive.

Canvas Sneakers

 
  • Price Increase: $15.58

Even hipsters aren’t immune to the effects of tariffs: Canvas shoes are expected to climb in price by over $15.

The Bill for the Trade War Is Paid by American Consumers

In many cases, the change to the price of an individual item will hardly be noticeable in the short term. However, taken all together, the changes add up. Even if you can measure the increase for each item in your grocery cart in the cents, consistently higher prices across the board will start to show up and lead many consumers to start buying less.

Here’s a look at the total costs of the tariffs as estimated by the Federal Reserve Bank of New York. This includes the total amount of taxes paid by importers, the “deadweight” loss — which refers to the lost efficiency due to needing to adjust supply chains — and the total cost to American consumers after all these effects have trickled down to them.

Total Cost of Tariffs
2018 Tariffs
  Tax Payments Deadweight Loss Total Cost to Consumers
Monthly Cost $3 billion $1.4 billion $4.4 billion
Annual Cost $36 billion $16.8 billion $52.8 billion
Cost Per Household (Annual) $282 $132 $414
May 2019 Tariffs
  Tax Payments Deadweight Loss Total Cost to Consumers
Monthly Cost $2.2 billion $6.6 billion $8.8 billion
Annual Cost $26.9 billion $79.1 billion $106 billion
Cost Per Household (Annual) $211 $620 $831

So, the typical American family is approaching $1,000 a year in lost spending power on account of the trade war. And while a successful resolution might ultimately make up for that in the long term, the costs bourne today are causing real pain for some consumers.

Click through to look at the 12 states getting hit hardest by Trump’s tariffs.

 

https://www.yahoo.com/finance/news/prices-everyday-items-trade-war-194341601.html

 

 

 

B/A

 

Well, at least the price of peanuts went down...LOL.

 

UQ

 

Indy

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Rising above expectations for US consumer prices during June

Rising above expectations for US consumer prices during June

 11 July 2019 03:50 PM
Direct: US consumer inflation slowed last month but came in better than expected, in a good sign that hopes of a cut in the US interest rate may be curtailed.

Data from the US Bureau of Labor Statistics showed Thursday that the US consumer price index rose 1.6 percent in the 12 months to June, the lowest level in nearly four months, versus a 1.8 percent increase in May. .

On a monthly basis, the seasonally adjusted inflation rate was 0.1 percent in June, the same as in the previous month.

Analysts had forecast that the consumer price index in the world's largest economy would see little change last month.

According to the data, the food index saw an increase of 1.9 percent last month on an annual basis while the energy index fell by 3.4 percent during the same period.

Core inflation, which excludes food and energy costs, fell 2.1 percent in the 12-month period to June, from 2 percent a year earlier.

On a monthly basis, the core consumer price index rose by 0.3 percent last month, the biggest monthly increase in nearly a year and a half, compared to a 0.1 percent increase the previous month.

By 12:37 GMT, the dollar was down 0.2 percent against the euro, climbing to $ 1.1273.

 
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Are tariffs against China bringing factories and jobs back to the U.S.?

The tariffs that President Trump has slapped on Chinese imports haven't sparked the widespread return of manufacturers to the U.S. that Trump envisioned.

About 41% of American companies are considering moving factories from  China because of the trade war, or have already done so, but fewer than 6% are heading to the U.S., the American Chamber of Commerce in China said in a recent survey.

Companies are largely eyeing Southeast Asia and Mexico.

Steve Madden, the footwear and handbag maker, shifted its production to Cambodia. GoPro, the mobile camera maker, has its sights on Mexico. Gap, the clothing and accessories retailer, has started up new factories in Indonesia, Vietnam and Bangladesh. Brooks Running, a running shoes and clothes maker, said they'll move 8,000 jobs from China to Vietnam by the end of the year.

The White House was not immediately available for comment.

President Trump tweeted this morning “Companies will relocate to U.S.” and “If the Tariffs went to at the higher level, they would all come back, and fast.”

 

Manufacturing added 28,000 jobs the first half of the year, the fewest during that period since President Trump took office promising a manufacturing renaissance.

So why aren't U.S. manufacturers bringing jobs back to the U.S. in droves?

Capability

“There are no viable alternative manufacturers located in the United States,” James Osgood, CEO and president of Klean Kanteen , a maker of stainless steel water bottles, said at a hearing late last month on President Trump's proposed tariffs on $300 billion in Chinese imports that have since been put on hold.

“It would likely take five to seven years to build the capital-intensive infrastructure, develop and train personnel ... and implement such domestic production capability,” Osgood said. “Klean Kanteen does not have the working capital or profitability to cover loses for that amount of time.”

Various companies testified that there is an entire supply chain in China to support their production, but no equivalent network in the U.S.  

American job gains have increasingly been concentrated in service-providing industries instead of manufacturing, the Peterson Institute for International Economics said in a recent report.

“A skills mismatch --the gap between the skills workers have and the skills employers need" causes (manufacturing) job vacancies to remain unfilled for longer periods,” Richard Hernandez, economist for the U.S. Bureau of Labor Statistics wrote in an article in August 2018.

Wages and dollars

While the gap between U.S. and Chinese factory wages has narrowed in recent years, pay for American manufacturing workers has risen faster than gains in productivity, or output per worker, according to a recent report by Boston Consulting Group. That means the U.S. is still relatively expensive.

And the strength of the dollar “has made U.S. goods more expensive abroad, and imports cheaper” in the U.S., the study said.

For low-cost manufacturing, Southeast Asian countries and Mexico are cheaper. The average monthly factory wage in the U.S. is more than $3,200, compared to $237 in Vietnam, $188 in Indonesia, $425 in Thailand and about $400 in Mexico , according to the data by Trading Economics.

Policy

Countries such as Cambodia, India, Indonesia and Thailand are given preferential treatment by the U.S.  in trade to help developing countries grow their economies. That means many products from these countries can be shipped to the U.S. duty-free. 

 

Near China, for China

Many American companies "are in the process of diversifying the supply chain” away from China, says William Zarit, former minister for commercial affairs at the U.S. Embassy in Beijing and senior counselor of Cohen Group, a business advisory firm for American companies running businesses in China. “They are either doing it, or in the process of deciding how to do it when to do it, where to go.”

 

But they don't want to venture far from China because it's the world’s second-largest economy and biggest single market for many businesses, with 1.3 billion consumers.

For example, Columbia, a sportswear producer, owns more than 700 retail locations in China, one of its largest foreign markets.

“Having local production helps us remain competitive in the local China market, which in turn supports U.S. based innovation jobs,” says Katie Tangman, the company’s global customs and trade director.  

“It’s logical to move to Southeast Asia or maybe India, and we can still serve this market from there,” Zarit adds. “That’s why there aren’t a lot of companies planning on moving operations back to the U.S.” 

https://finance.yahoo.com/news/tariffs-against-china-bringing-factories-093001264.html

 

 

 

Really? Do some people actually believe he knows what he is doing? Born with a silver spoon in his mouth and financial experts agree he would have more money now if he never made a business deal... If anyone else had his track record in business you would never support his inept policies.

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6 minutes ago, jg1 said:

Anti-ICE protesters pull down American flag, raise Mexico flag, vandalize 'Blue Lives Matter' flag.

This is what they really want,

"MAKE AMERICA MEXICO AGAIN"

Another broken law!

 

I'm not sure what this has to do with the economic stress our policies are causing, but thanks for sharing. These people have the right to protest, but I think they are idiots...

 

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43 minutes ago, jg1 said:

Anti-ICE protesters pull down American flag, raise Mexico flag, vandalize 'Blue Lives Matter' flag.

This is what they really want,

"MAKE AMERICA MEXICO AGAIN"

Another broken law!

No one has the right nor has been given the right to pull down the United States of America flag and replace it with a foreign national flag. That is done when another army defeats another. 

They want war to justify their actions, then lets give it to them. Deport them all and let the diplomats sort them out. If they are U.S. citizens then try them for treason or deport them as well. 

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21 hours ago, nstoolman1 said:

No one has the right nor has been given the right to pull down the United States of America flag and replace it with a foreign national flag. That is done when another army defeats another. 

They want war to justify their actions, then lets give it to them. Deport them all and let the diplomats sort them out. If they are U.S. citizens then try them for treason or deport them as well. 

 

I'm sure I didn't mention swapping flags, I'm sure I said they have the right to protest... But sadly, I have seen neighbors take down their American flags to raise their sports team flag... We need to deport them too... Heck I have a neighbor who is a Yankees fan... Can you believe that idiot lives in my neighborhood????

 

B/A

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