Many big U.S. companies say they are prepared for the U.S. to impose higher tariffs on $200 billion of Chinese imports, with some saying their annual financial forecasts had anticipated the trade friction.
Executives at Illinois Tool Works Inc., Dollar Tree Inc. and Honeywell International Inc. are among those who say they have planned for the worst and already factored the increase to 25% from 10% into their earnings guidance for the year. Some have raised prices or brought in extra inventory in preparation for the potential...
The Trump administration plans to increase tariffs on $200 billion worth of Chinese goods from 10% to 25% on Friday. When tariffs are increased, consumers often pay more for goods and businesses face higher costs, and on net, output and employment fall:
So much junk from China. Who cares if it goes from $1 to $1.50?
They can back it when all they are going to do is pass the increase on their customers
American consumers are not prepared for higher prices. 80% of the US population is living paycheck to paycheck. They would be saving at least $2,000 every month if the economy were good. They urgently need a progressive president.
How bout the American “Back Bone of the Country” Farmers? They’re going broke while getting fu*cked.
How about more American made
Yes, but are their customers?
Aka: They are already raising prices in anticipation of increased costs.
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Source: MarketWatch - 🏆 3. / 97 Read more »