#TrumpTariffs

[theglobalcommonsnews]

Trump's tariffs on foreign goods led to a surge in exemption requests, boosting Washington lobbyists' activity.

[enterprisewired]

U.S. Businesses Brace for Potential Trump Tariffs, Opt for Diverse Strategies Amid Uncertainty

Source: intellinews.com

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With President-elect Donald Trump’s proposed tariffs looming, U.S. businesses are strategizing ways to protect their operations from the potential economic ripple effects. Trump’s proposal includes a 10% tariff on all imports and a substantial 60% tariff on goods made in China, a significant trading partner for the U.S. There is also a suggested 25% levy on imports from Mexico. If enacted, these measures could elevate consumer prices and provoke retaliatory tariffs from affected countries, leading to a cascade of economic consequences. Economists warn that Trump’s tariff plan, which may be his most impactful economic policy, could drive inflation, disrupt U.S.-China trade, and revert import duty rates to levels not seen since the 1930s.

Businesses Respond by Front-Loading Inventories

Many U.S. businesses are taking proactive steps to mitigate risks. For example, M.A.D. Furniture Design, based in Hong Kong, is accelerating shipments of its Chinese-manufactured furniture to a warehouse in Minneapolis, anticipating a smoother transition if the tariffs come into effect. Similarly, Joe & Bella, an online clothing retailer based in Chicago, has significantly increased orders for popular Chinese-made items, such as shirts and pants, to ensure supplies last through the upcoming Chinese New Year when factory operations pause for several weeks. “We wanted our merchandise delivered before Chinese New Year to avoid potential delays and tariff impacts,” said co-founder Jimmy Zollo.

Front-loading, or preemptively increasing inventory, has been a common strategy among importers to avoid trump’s tariff costs. However, with the breadth of products that could be affected by Trump’s proposed tariffs, experts speculate that U.S. ports might become congested if many companies employ similar tactics. This strategy requires businesses to invest heavily in storage and logistics, a costly endeavor that some, particularly small businesses, may not be able to afford.

Smaller Businesses Weigh Options Amidst Uncertainty

While larger companies with sufficient resources might lean toward front-loading, some small business owners are adopting a cautious approach, prioritizing cash flow over large, preemptive stockpiling. Hilla Hascalovici, CEO of New York-based Periodally, a company that sells Chinese-made heating patches for menstrual relief, has decided against early orders, citing the high costs of storage and expedited shipping as deterrents. Similarly, Max Lemper-Tabatsky of Denver-based Oaktree Memorials, which imports cremation urns from Asia and Europe, has chosen a “wait-and-see” approach rather than committing significant capital based on potential trump’s tariffs that may not materialize.

Freight companies, too, are preparing for the potential changes. Alan Baer, president of OL USA, a freight handling company, anticipates a slowdown in shipments if the tariffs are enacted, potentially leading to reduced demand for his firm’s services. “Tariffs in shipping are challenging no matter the scenario,” Baer remarked, highlighting the potential for workforce reductions if tariffs lead to decreased import volumes.

In light of Trump’s tariff policies during his presidency from 2017 to 2021, many in the business community remain skeptical but cautious, acknowledging that campaign promises do not always result in implemented policies. However, with the possibility of substantial tariffs, U.S. businesses are adopting a mix of preemptive and conservative strategies to navigate the uncertainty ahead.

[newsdurham]

Uxbridge resident Tyler Campbell,17, has made a website madeinca.ca, which lists products manufactured in Canada as an alternative of what people can buy to fight the Trump tariffs. August 1, 2018 Sabrina Byrnes/Metroland #madeincanada #uxbridge #trumptariffs #buylocal #photography #photojournalism (at Uxbridge, Ontario) https://www.instagram.com/p/BmBOmQ-Bs62/?utm_source=ig_tumblr_share&igshid=16od4jbinezqm

[instadw]

IMF Tells Biden To Dump Trump’s Tariffs

[xavier-lamont]

But Americans aren't paying for the #TrumpTariffs https://www.instagram.com/p/B2nJv4PA4PpvglhZu60sR4ktVvXsHtX9qHgAF40/?igshid=dduc5ocuy2tf

[ritware1850]

#Repost @slyngstad_cartoons ・・・ The Dow Jones dropped 800 points in one day as experts fear the next recession is around the corner. Tired of winning yet? • #invertedyieldcurve #recession #trumprecession #trumptariffs #tariffman #tiredofwinning #dowjones #tradewar #trumptradewar #tradewars #tariffs #trumpeconomy #stockmarketcrash #itsabirditsaplane #holdontoyourbutts #herewegoagain #politics #politicalcartoon https://www.instagram.com/p/B1hsDaIF4eQ/?igshid=1og8iauwhu9pv

[crazee669]

#Repost from @youknownothing45 by @multisave_app ••• The lay-offs call into question claims President Donald Trump has made about the resurgence of the domestic steel industry. Last week in Pennsylvania, Trump said his 25% tariff on foreign imports has turned a “dead” business into a “thriving” enterprise. Liar-in-Chief strikes again. #FUCKTHEGOP #TAKEBACKTHEUSA #trump #liarinchief #steel #trumptariffs #dumptrump #layoff #michigan #notmypresident #usapolitics #left #liberal #democrat #libertarian #gop (at Boise, Idaho) https://www.instagram.com/p/B1c7mR8ndAr/?igshid=1dtenywnrwbd4

[investintowine-blog]

Trump adds tariffs to French wine!

Trump adds tariffs to French wine!

Yesterday, President Trump announced tariffs on French wine imports into the USA as a reciprocal tax because France imposed a 3% levy on tech companies who offer digital services.  Some of the big tech giants in USA will be required to comply with the new tax in France.  However, trump stated the tax on french wine would be reciprocal, meaning it should be 3%. Some people are calling it the google tax. Fine wines are in a price bracket that are not for every wine drinker. If a consumer can afford to pay 1000 dollars for a bottle of wine, it is unlikely they will care to notice a price increase of 3%.  When selecting a fine wine to drink and paying 1000 dollars for a bottle of wine, am I really going to be concerned if it’s 30 dollars more? Am I really analyzing the price before I buy a bottle of wine at this level of quality and price range? If I am so price sensitive paying 1000 dollars for a bottle of wine, then I probably shouldn't be ordering it in the first place.  The USA is a large consumer of wine at all price points, nevertheless even French wine sales at the lower price point will not be affected. Even where a consumer is price conscious, paying 10 or 10.30 dollars for a bottle is unlikely to affect a consumers decision.  30 cents on every 10 dollars is not going to make a whole lot of difference in my opinion. Back in 2018, when we were setting up our new office in California, I wrote to the U.S tax office and asked them about charging tax on fine wine Investment. They replied to us, stating that we did not need to add tax when selling fine wine in the USA because the wines are not imported into the USA. This was quite important to us, as you know I’m always monitoring the cost of entry to ensure you are buying low and selling high. In summary, i'm not concerned that prices will go down on the back of a 3% levy on French wines, because when you invest into a wine it is tax free anyway!  Keep it in Bond and sell it in Bond to ensure there is no duty or taxes to pay when buying or selling. I am more concerned that the stock market keeps rising which affected prices in the last few months. As mentioned in our previous updates, if the stock market sees a correction, that is overdue, (in my humble analysis) then we should see wine prices sky rocket.  Don't hesitate, buy low now and sell high when prices go up!  Read the full article

[dragoni]

FRONTLINE and NPR: Trump’s Trade War with China

tl;dr Grab some popcorn and WATCH #BannonsWar 

“Trump’s Trade War” presents the inside story of President Trump’s gamble to confront China over trade. Reporting from the U.S. and China, FRONTLINE and NPR investigate what led the world’s two largest economies to the brink, and the billions at stake. 

“China’s middle class is now bigger than the entire United States.  And its economy is growing twice as fast. This success has become a major source of tension in the trade war.“

Interviews with Americans, former Trump and U.S. officials, current Chinese government officials and U.S. and Chinese business leaders.

Steve Bannon, Trump chief strategist, 2017-18

Gary Cohn, Director, National Economic Council, 2017-18

Michael Wessel, U.S.-China Economic and Security Review Commission:

Susan Thornton, Assistant Secretary of State, 2017-18:

Wendy Cutler, U.S. Trade Representative Office, 1988-2015

James Mcgregor, Former Chair, American Chamber of Commerce in China

Ken Wilcox, Chairman Emeritus, Silicon Valley Bank

See the full list of those interviewed and transcript.

The real reasons for the Trump—Bannon War 😠

Bannon wants to pull a Dick Cheney and resurrect the “Project for the New American Century” whose goal was "to promote American global leadership”. Warmonger right-wing extremist Dick Cheney wanted regime change in Iraq and everyone knows how that ended for America.

STEVE BANNON:

I believe you need—you need actually a change of the top leaders in the Chinese Communist Party.

NPR Reporter LAURA SULLIVAN:

How on earth

STEVE BANNON:

I think the goal into China is quite simply, is to bring them—is to break the back of this totalitarian mercantilist economic society—

LAURA SULLIVAN:

You’re talking about regime change.

DA WEI:

The question is, is American complaint about the way China handles economy, or is about China’s legitimacy to become a prosperous and powerful country?

Our population is four times bigger than the U.S. We have 1.3 billion people, right? You have 300 million people. So China's economy should be four times higher than the U.S. economy.

LAURA SULLIVAN:

But that is difficult for people in the United States to accept.

“They needed us, so they had to tolerate us”

JAMES McGREGOR:

But you've got to remember, for all these years we had, you know, we had low-voltage congressmen or businesspeople coming in and shaking their finger in Chinese, saying, "You should have all the children you want; you should do this; you should do that," and these very capable Chinese people would just bite their tongue and say, you know, kind of, "Thank you for your wisdom," because they needed America. They needed us, so they had to tolerate us. 

Then all of a sudden, global financial crisis, and it was payback time. It was like, "You listen to us for a while."

There’s much more. Here’s a quick summary:

Trump’s Nationalist vs Globalist infighting. The nationalists lead by Bannon, Robert Lighthizer and Peter Navarro won. #TrumpStooges #TrumpTariffs  #TrumpTradeWar

Stating the obvious, American consumers are paying for Trump’s tariffs.

China hasn’t really been affected by Trump’s tariffs  Why? “In 2018, China shipped 18% of its exports to the United States“, The Balance AND it’s falling even further because of Trump according to CNBC

China’s Import Expo held 8 months after Trump’s first round of tariffs drew more than 1 MILLION people. “Thousands of companies from all around the world were here, focused on selling their products in the growing Chinese market.”  ¯\_(ツ)_/¯

China has a strategy and a plan. America?

China has an economic strategy, "China Model”. The goals of “Made in China 2025 plan” are to dominate in key global industries and economic independence.

“In 16 months, WM Motors built a massive manufacturing facility that will be able to produce 200,000 electric cars a year.”

China is investing billions to achieve 2025. One Chinese “private equity firm had $15 BILLION” to invest in semi-conductors

“A lot of Chinese technology companies invest heavily in 5Gs” U.S. companies are YEARS behind.

China is stealing intellectual property from American companies  — and American companies don’t care  — they don’t want the governments help or want the subject brought up with China — ALL they care about is the money they can make in China.  ¯\_(ツ)_/¯  #MoneyFIRST  #ChinaFirst  #AmericaLast

Americans and Republican politicians, if you listening — 

listen to what fellow Americans;  Tom Shepherd, James McGregor and David Green advice on moving America forward.

[reading-writing-revolution]

#TrumpTariffs costing Americans their cash.

“The 10% tariff required us to curtail some of our investments,” Camera says. “The potential of a 25% tariff from tonight would have a major impact on our investment and on our pricing. It frustrates me a little bit about how people see tariffs as an attack on the Chinese economy. Tariffs are an attack on my ability to use my cash to grow my business.”

[omanxl1]

Smash Hunter - Ghost Of Dreams : Jazzy Grooves mix

Smash Hunter – Ghost Of Dreams : Jazzy Grooves mix

Digital Crate Digging Continues on a rainy Saturday afternoon / evening in Atlanta..

The PGA Championship here at East Lake was shut down by lightning strikes, meanwhile due to Trump tariffs my constituents will soon face price hikes; somebody will understand a brotha!!

We get breakbeat scientific with it, famine or feast for the fake? the G-7 will try to make determinations..

We get…

[financial-argument-blog]

Turkish Economy Essentially Strong - Peter SCHIFF

Turkish Economy ; Peter SCHIFF

turkish-economy Turkey is the Epicenter of Emerging Market Concerns Right now, the epicenter of the concerns about the emerging markets is coming from Turkey. What is the problem with the Turkish lira?  Turkish President Erdogan is veering off into some very dangerous territory with his stance with the Central Bank of Turkey and now the political battle of egos that he is having with President Trump over the release of an American pastor who is imprisoned in Turkey. As a result of this, the President is now turning up the heat on Turkey with sanctions, which is compounding Turkey’s problems.  Today was probably the biggest one day drop in the Turkish lira.  Today, the Turkish lira might have been down about 20% intra day. Trump Doubling Down on Tariffs with Turkey Throwing fuel on the fire, early in the morning, when the lira was already down 12%, Trump announced that he would be doubling the existing tariffs on Turkish steel and aluminum. Turkey has a trade surplus with the U.S. like just about everybody else.  Is this going to hurt Turkey?  A little bit. Obviously it hurts Americans more because now Turkish steel is that much more expensive. Speculative Frenzy Shorting the Turkish Lira All of this is adding fuel to the speculative frenzy to short the Turkish lira. I think you have a lot of hot speculative money that has been leaning down on that currency. It is basically fueling an even bigger problem.  They have high inflation, they have very high bond yields. The yields in Turkey up until recently, even though inflation was high, you had 400-500 basis points of positive bond yields. Turkish Economy Essentially Strong The Turkish economy has actually been quite strong over the years. As a result of that a lot of international money has been invested in Turkey. Foreign direct investment has been going into the Turkish economy, participating in the Turkish equity market, lenders have been loaning money.  Some of that debt of course, is dollar denominated and euro denominated which is the problem now, because if you are a company generating revenue in Turkish lira, if you have dollar or euro debt.  

turkish-lira Turkish Lira Now a lot of people hedge; if your obligations are in a different currency, you would hedge that currency to the lira. But the weakness in the lira drives inflation even higher, because  as the lira loses value, you need more lira to buy stuff and as inflation goes higher, there is more pressure on the central bank to raise interest rates to try to fight that inflation. But higher rates also feed into inflation by increasing costs. Turkish Debt to GDP Much Lower than in the U.S. President Erdogan is putting pressure on the central bank not to raise interest rates high enough to crush all the speculators who are shorting the Turkish lira. What also should be done is they should dramatically reduce government spending in Turkey. Not that it was out of control to begin with, but they want to make sure they don’t have deficits.  If you look at the debt to GDP in Turkey it is considerably lower than in the U.S. The U.S. Dollar is Not the Subject of a Run – Yet The U.S. is in far worse shape than in Turkey, in fact it’s not even close.  But the difference is the U.S. dollar is not the subject of a run right now. But if you think about the predicament that Turkey is in, this is the same predicament that the U.S. is going to be in – we’re just not there yet. Read the full article

[pingosolar]

President Trump’s Tariff on Solar Energy ⠀ ⠀ https://gopingo.us/2Ec8Ggs ⠀ ⠀ #SolarEnergy #SolarPanels #TrumpTariffs #SolarTariffs #NAFTA #30percentTariffsSolar #SolarPVInstallation #GoSolar #GoPingo (at Pingo Solar)

[immigrationnewsdigest]

Might this do it? We'll see. Thanks for sharing. #tariffs #TariffMan #TariffsAreTaxes #TariffsHurt #TrumpTariffs @laloalcaraz @co_rapunzel4 @MaggieJordanACN pic.twitter.com/3MJyfHqaKC

— Ed Hall (@halltoons) May 13, 2019

[ritware1850]

#Repost @excbabe ・・・ Another rich #gop tactic. Bankrupt the smaller farms, so the larger corporate farm group can charge more for produce, dairy and meats. #trump #farmbailout •••••••••••••••••••••••••••••••••••••••••••••••• A new EWG study confirms what had already been reported: The aid program Donald Trump's team scurried to put in place after Trump's trade wars suddenly left American farmers without buyers for their crops has largely been sucked up by corporate megafarms. Small farms, the ones most in jeopardy from the sudden loss of fought-for markets, are only getting the scraps. According to the study, more than half of the aid provided by Team Trump's "Market Facilitation Program" has gone to the top 10% of recipients. 82 farms have gotten $500,000 or more; the largest farm has received $2.8 million. The bottom 80% of aid recipients? They got less than $5,000, on average. That is ... not much. #trumptariffs #people #farmers https://www.instagram.com/p/B1N7ZtplNqP/?igshid=150qwpdmbaast

[mongoose232323]

Donald Trump Has Singlehandedly Destroyed

The US Soybean Market With His Tariffs And

China Now Has Found New Suppliers.

What Does That Mean??

That Market Won’t Be Coming Back..

Surprise, Surprise, Surprise..

Vladimir Putin Said Russia Will Now Supply China

With Soybean & Poultry Meat Replacing US Farmers

Who Lost Export Business Due To #TrumpTariffs.

https://mobile.reuters.com/article/amp/idUSKCN1NX1C4