If the USA and China cannot agree to a comprehensive Trade Agreement by Thursday midnight all copier and printer product entering any USA port will be subject to a tariff increase of from the current 10% to the new 25%!
It is unknown when this tariff will collected and if it results in increase costs to purchase the majority of products in the print industry entering the USA.
Wall Street thinks the chances are 20% a Trade deal will be signed.
Trump's tariff deadline looms as Wall Street hedges for all outcomes in trade showdown
"I just think investors are sort of underestimating the scope of this deal we're trying to do. Unfortunately, I don't think it's a binary outcome," Ablin said. "They'll shake hands, but there's still going to be lingering issues that likely will be unresolved. It's great to have something behind us and certainly we don't want to see these tariffs. But my view is this is a competition for economic dominance in technology and health care, and I'm not sure this gets solved by certain trade negotiations."
It is unknown when this tariff will collected and if it results in increase costs to purchase the majority of products in the print industry entering the USA.
Wall Street thinks the chances are 20% a Trade deal will be signed.
Trump's tariff deadline looms as Wall Street hedges for all outcomes in trade showdown
"I just think investors are sort of underestimating the scope of this deal we're trying to do. Unfortunately, I don't think it's a binary outcome," Ablin said. "They'll shake hands, but there's still going to be lingering issues that likely will be unresolved. It's great to have something behind us and certainly we don't want to see these tariffs. But my view is this is a competition for economic dominance in technology and health care, and I'm not sure this gets solved by certain trade negotiations."
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