threatened to slap on China would impact their businesses and cause them to lose out to business to foreign competitors.
Corporate America and Wall Street are hoping the beginnings of a new deal can be hatched at the G20 Summit later this week when Trump and President Xi Jinping are set to meet.Jason Bonfig, Best Buy's chief merchandising officer "American manufacturers may lose share almost immediately to foreign competitors whose products are not made in China and, therefore, not subject to price increases in the form of tariffs.""We have certainly encountered IP related challenges in China. However, we don't view broad-based tariffs as the most effective response... We are concerned, however, that the proposed tariffs ironically would help rather than hinder infringers.
"So what will happen if a tariff is levied on greeting cards? First, the tariff will impair the competitiveness of our entire greeting card line and undermine the stability of key U.S. operations, including manufacturing, creative, and retail jobs. Two, given the industry practice of printing the price on the cards, a tariff will present a pricing fiasco. We simply can't raise prices.""These tariffs could have a detrimental impact on Roku and its U.S.-based workforce.
*companies
Maybe said countries should right FOR America, and get in China's face about THEIR policies instead
Does not really matters GOP and 40% of the country is loving every seconds of it.
They need to speak in a language the GOP understands.....like campaign donations.
Why it's important for China and the US to come to an agreement
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »