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The same holds for private firms, with 63% saying they suspect but not are certain that they are being given a helping hand and only 9% saying they are sure of it. So 72% of American companies are fairly confident domestic Chinese firms are being subsidized. For nearly 20 years, U.S. corporations have used China as their go-to place for low cost manufacturing. Americans could by things cheaply. It's a consumer driven economy. Without cheap China, America wouldn't have hoarders and garages full of stuff they don't use.
Some $250 billion worth of China goods have tariffs as high as 25% now. Another $300 billion worth of tariffs will be in effect by the end of the year. Sixty percent of respondents cited increased costs or uncertainties and 47% blamed the political climate in China not being conducive for U.S. firms at this time. This reason was not cited in the past two surveys, despite being included as an option.
As long as the poor are bleeding, the data does not register any effects or changes. It is only significant if a wealthy person is affected, they the stats paint the opposite picture. All a scam.
I need some of your batteries for my golf cars ElonMusk
As I have been saying all aling, Trump needs to raise tariffs at least by 10x..
Is that the Rams coach from BallersHBO OmarMiller TheRock ?
Masters of AI with humansense
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Companies Are Already Looking For Alternatives To China, But Moving Complex Supply Chains Isn't EasyMost American companies with Chinese factories in their supply chain already realize that they have move some of that production. The problem is that it takes time and it is not an easy task. Make Viet Nam Great Again Consider South Africa for textiles and we have pretty damn good clothing manufacturers in Cape Town. Please China u r so big but dont know the ways
Source: Forbes - 🏆 394. / 53 Read more »
China is reportedly studying its tech companies' reliance on US suppliersChina is surveying its tech companies to gauge their exposure to U.S. suppliers, aiming to reduce reliance on American technology, The Wall Street Journal reported. I hope every board of directors of US is studying their supply chain risk. Expect to hear much more of this coming months/years- how quickly can happen is really the question- will take years but a gradual reality
Source: CNBC - 🏆 12. / 72 Read more »
WSJ News Exclusive | China Studying Tech Companies’ Exposure to U.S. SuppliersChina is studying technology companies’ reliance on American suppliers, an apparent attempt to assess their ability to withstand further trade-war shocks as Beijing prepares to roll out a retaliatory blacklist of foreign businesses. China China every day, is your country ruined? Why so focus on us? realDonaldTrump SecPompeo AmbJohnBolton USTradeRep USTreasury StateDept DeptofDefense marcorubio WhiteHouse US is bunch of inepts to believe Xi! Xi just bought time so he could invade Hong Kong! Xi is a bigger and better crook than Trump! 'China is surveying' is codeword for stealing intellectual property, copying and duplicating technology at a feverish pace! realDonaldTrump SecPompeo AmbJohnBolton USTradeRep USTreasury StateDept DeptofDefense marcorubio WhiteHouse Sanction China now or suffer forever
Source: WSJ - 🏆 98. / 63 Read more »
U.S. Companies Say Trade War Is Hitting China OperationsMore American companies are hurting as the U.S.-China trade war intensifies, a new survey of businesses shows, with many saying they are losing sales in China and either slowing or canceling investments. We shouldn’t have been so dependant on China Over exaggerations China TRADEWAR is HURTING every Department store, soon we will be seen. Trump said it won't affect till AFTER Christmas, but I'm seeing large Hikes in prices on appliances, Furnishings NOW due to TARIFFS. I wonder how hard it will hit jan2020.
Source: WSJ - 🏆 98. / 63 Read more »
'Excuses!' Trump claims 'badly run and weak companies' are using China tariffs as a scapegoatTrump's tweet comes as more companies from a range of industries have started to slam his tariffs on about $550 billion in Chinese goods. Badly run presidencies are using the Fed as a scapegoat. This will win him friends among small- to mid-sized businesses. He's already upset the farmers. Coal miners. Now entrepreneurs. Who next?
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