US companies' message to Trump: Don't expand China tariffs

More broadly, economists say the tariffs could weaken a U.S. economy that appears to be on shakier footing. Mark Zandi, chief economist at Moody's Analytics, said the higher import taxes would leave the United States with 900,000 fewer jobs than it would have had otherwise.Jeffrey Pratt, leader of the supply chain practice at the accounting and consulting firm BDO, called the looming tariffs "a bit of gamechanger" for his clients.

"Simply imposing a 25% tariff will ultimately cause significant harm to our family business," CEO Stephen Pelkey said in a filing with the U.S. Trade Representative. "We would be forced to pass along the increase directly to our customers." Bracing for the new tariffs, Yedi Houseware, a Los Angeles family business, has postponed plans to hire and move into a bigger warehouse. Bobby Djavaheri, a company executive, echoed a common complaint: The administration is taxing products — in his case, things like air fryers — that aren't made by American companies. They must be imported. So no U.S. producer benefits from the tariffs; U.S. importers just get socked with a tax.

Small pain large gains ! China has to come to its knees .

Hopefully this stupid industry will go away forever.

Fireworks Corn

Well the protests should be both colourful, and well attended

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

As China Tariffs Loom, Some U.S. Companies Say Buying American Isn’t an OptionWith public hearings on the Trump administration’s China tariff plan set to begin Monday, the U.S. trade representative’s office has already been flooded with letters from companies saying they have few options besides China. lol How are Trump Hotels and golf courses, plus private club still getting china stuff with no tarriffs ? Also still getting h1b visa users from Asia to ther company as cheap workers ! KatiePhang NicolleDWallace chucktodd kasie There in lies the issue. We've gutted our ability to produce over the past 27 years we can't sustain our own economy. The real foreign collusion is the Clintons, Walmart, and China.
La source: WSJ - 🏆 98. / 63 Lire la suite »

China Biotechs Lure Industry Talent in the U.S.Chinese biotechs are hiring from big drug companies in the U.S., promising lucrative pay and an entrepreneurial environment in the race to win the first U.S. approval of a nongeneric Chinese drug. Why not? They’re already mailing us more Fentanyl than we can take! Another reason to make lobbying the government illegal China-based biotechnology is spying on US.
La source: WSJ - 🏆 98. / 63 Lire la suite »

Trade War Update: Market Not Prepared For More China TariffsFitch says global growth will be even worse if Trump slaps China with tariffs on everything. The market will balance out.
La source: Forbes - 🏆 394. / 53 Lire la suite »