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  1. #71
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    25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

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    Re: 25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

    Sharp confirmed today that production of personal computers destined for the USA will move from China to Vietnam sometime around Oct 2019.

    Sharp exited the laptop business a few years ago so production was at a low point.

    Sharp has also acquired a license to use the Toshiba brand name on new laptops models.

    Sharp to move PC production from China to Vietnam | NHK WORLD-JAPAN News

    Sharp also stated they plan to move copier production from China to Thailand around Oct 2019.

  2. #72
    IT Manager 1,000+ Posts bsm2's Avatar
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    Re: 25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

    Great More Tariff's

    Trump to decide on $300 billion China tariffs after G20 meeting
    U.S. President Donald Trump said on Thursday he would decide whether to carry out his threat to hit Beijing with tariffs on at least $300 billion in Chinese goods after a meeting of leaders of the world’s largest economies late this month.

  3. #73
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    25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

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    Re: 25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

    President Trump met with Chinese President Xi-Jinping on Saturday at the G20 meeting in Japan.

    Although positive language was exchanged, for the foreseeable future, the 25% tariff on copier/ printer products originating in China entering the USA will remain.

    US-China trade war: Trump and Xi meet at G-20 summit in Osaka

    The 25% tariff remains applied to a great many other products as well.

    No new tariffs were announced and China will resume the purchase of some USA agricultural products.

  4. #74
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    25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

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    Re: 25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

    Frustrated by the lack of any progress in the USA China trade war, President Trump stated that on Sept 01 2019, a new 10% tariff will be imposed on virtually all of the remaining $300 billion dollars worth of imported goods from China.

    Dow drops 280 points, giving up big earlier gain after Trump says US adding more tariffs on China

    The Chinese promised to buy more USA agricultural goods and stop the deadly flow of fentanyl into the USA, President Trump claims they have failed to do so on both counts.

    It seems pretty clear that the Chinese are willing to wait out the remainder of President Trump's current term in office. They hope that the next Democratic President will be more sympathetic to eliminating the tariffs that cost all US taxpayers more money when they purchase Chinese goods.

    The current 25% tariff on all copier printer imported into the USA from China remains.

    Many US and global corporations have made significant efforts to relocate their manufacturing capabilities away from China. Once moved, it is unlikely these manufacturers will return back to China.

  5. #75
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    25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

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    Re: 25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

    Some Chinese manufacturers are dodging US tariffs by first rerouting goods to Vietnam and other countries before importing them into the USA.

    Here is a look at why "trans-shipments" are on the rise and how US custom officials are struggling to stamp out the practice.

    YouTube

  6. #76
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    25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

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    Re: 25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

    The US China trade war ratched up significantly today with the US claiming and China denying that China has allowed its currency to devalue.

    A lower Chinese currency will help to offset US tariffs on Chinese imports into the USA.

    Furthermore, multiple reports indicate that China's central gov't has directed all buyers of agricultural products to halt American imports.

    Cowen says China trade war response '''on a scale of 1-10, it'''s an 11'''

  7. #77
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    25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

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    Re: 25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

    The US Treasury Dept further escalated the trade war with China today by formally calling the nation a "currency manipulator".

    US Treasury designates China as a currency manipulator

    The formal designation — the first since President Bill Clinton’s administration in 1994 — came after China on Monday allowed its currency to breach a psychological level. The yuan fell to 7 against the dollar earlier in the session for the first time since 2008.


    “I think many people in the private sector may not conclude it is a currency manipulator. The key rule is it’s not intervening consistently or persistently to weaken the currency and therefore the private sector, like economists and strategists may not be convinced,”

    The Dow dropped 750 points today as a result of the new Chinese counter measures against President Trump's new 10% tariffs.

    Calling China a currency manipulator is almost guaranteed to rock the markets again tomorrow.
    Last edited by SalesServiceGuy; 08-05-2019 at 11:54 PM.

  8. #78
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    25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

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    Re: 25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

    China officially confirmed today that it has suspended all purchases of US agricultural products.

    China confirms it is suspending agricultural product purchases in response to Trump'''s new tariffs

    This will be devastating new for many US farmers.

    President Trump has promised $16B in financial aid to farmers. Farmers would prefer no tariffs and no aid.

  9. #79
    Senior Tech 250+ Posts
    25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

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    Re: 25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

    Quote Originally Posted by SalesServiceGuy View Post
    China officially confirmed today that it has suspended all purchases of US agricultural products.

    China confirms it is suspending agricultural product purchases in response to Trump'''s new tariffs

    This will be devastating new for many US farmers.

    President Trump has promised $16B in financial aid to farmers. Farmers would prefer no tariffs and no aid.
    Not only will the tariffs be bad, but, most crops in the mid west have been devastated from the flooding, food prices will surely soar!

  10. #80
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    25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

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    Re: 25% Copier/ Printers Tariffs in the USA begin Friday May 10 2019 12:01 AM.

    A 20 minute video discussion worth watching with a China USA trade expert discussing the trade war.

    YouTube

    A few key takeaways.

    1). At the G20 meeting in Japan this summer President Trump and Chinese Premier Xi agreed that China would buy US agricultural goods in exchange for US corporations being allowed to trade with Huawei for 90 days. Unfortunately, the Chinese reneged on their part of the deal (no agricultural purchases) while the US allowed Huawei to trade.

    Just this week President Trump extended this trade window for a second 90 days and China is still not buying US agricultural products.

    This makes the US look very weak and indicates a faltering commitment by Trump on the trade war.

    Furthermore,as an indirect concession that the trade war does hurt US consumers, President Trump has declared that many consumer electronic products manufactured in China will be exempt from a new 10% trade tariff starting Sept 01 until Dec 15th so as not to impact the US consumer in the critical shopping days before Xmas.

    2). 5G Networks and advances are critical for future global leadership in all of the advanced economies of the world. The USA is ceding China this leadership when it becomes OK to trade low value agricultural primary goods for finished high value technology products from China.

    3). The USA trade war is very unlikely to be resolved until well after the 2020 USA elections. A real siege mentality has permeated the Chinese leadership as their economy begins to slow and at some point may risk recession.

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