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

[SalesServiceGuy]

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

imho i dont think that cheap products made in china for big companies are a china problem. they tell to the chineese factories what to build in what quality. they can make the same crap even if the factories are in the U.S. just the cost of labor is cheaper. if you tell the factory to build something good they will make it good. if you tell them to make it crap they will make it crap.that total cost of tariffs will be paid by us customers.
they will still drink scotch and eat parmesan because america cant make scotch and parmesan but you just pay for it higher.

Actually, the US has announced a new 25% tariff on a wide selection of European including goods like Scotch and Parmesan effective Oct 18th.

Trump administration to put tariffs on EU products after WTO victory

[SalesServiceGuy]

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

A new report describes that the US will never recover the trade lost in the current trade war with China.

While President Trump has claimed that Phase One trade deal with China has been achieved the constant bluster has blurred the reality of what a deal would accomplish if anything.

Trump'''s China trade war losses will never be recovered, shipping data tells us

With 90% of all items transported over water into the USA, the best way to fact check the claims is by measuring the volume of shipping containers entering US ports.

US exports to China from the Port of Los Angeles has decreased every month for the last 12 months, totaling a 19% decrease.

Data have shown China is expanding its LNG relationships with Qatar and Australia while essentially shutting off the United States.
Before the trade war, U.S. LNG volumes comprised 4.3% of Chinese imports and China accounted for 16% trailing twelve-month basis (TTM) of U.S. LNG exports.
In August 2019, China’s LNG volumes had slipped precipitously to 1% (TTM). Crude has also suffered a similar fate, accounting for 20% (TTM) of U.S. crude exports in Jan. 2018 to only 1.2% (TTM) in August 2019.

The flow of trade proves that China is moving away from the USA and turning towards Europe.

According to the National Retail Federation, consumers and businesses have paid an additional $38 billion from the start of the trade war in February 2018 through September 2019. The Consumer Technology Association says the September tariffs added about $15.5 billion in extra tariffs.

With impeachment proceeding going on in the USA against President Trump, the Chinese are content to just wait it out regardless of cost to their economy and see if President Trump survives in office for another year.

[bsm2]

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

Fed study finds Trump tariffs backfired
President Donald Trump’s strategy to use import tariffs to protect and boost U.S. manufacturers backfired and led to job losses and higher prices, according to a Federal Reserve study released this week.


“We find that the 2018 tariffs are associated with relative reductions in manufacturing employment and relative increases in producer prices,” concluded Fed economists Aaron Flaaen and Justin Pierce, in an academic paper.


While the tariffs did reduce competition for some industries in the domestic U.S. market, this was more than offset by the effects of rising input costs and retaliatory tariffs, the study found.


“While the longer-term effects of the tariffs may differ from those that we estimate here, the results indicate that the tariffs, thus far, have not led to increased activity in the U.S. manufacturing sector,” the study said.


Tit-for-tat trade retaliation is an idea best relegated to the past, given the presence of globally interconnected supply chains, the Fed researchers found.


The top ten manufacturing industries hit by foreign retaliatory tariffs were producers of: magnetic and optical media, leather goods, aluminum sheet, iron and steel, motor vehicles, household appliances, sawmills, audio and video equipment, pesticide, and computer equipment.


The top ten industries hit by higher prices were: aluminum sheet, steel product, boilers, forging, primary aluminum production, secondary aluminum smelting, architectural metals, transportation equipment, general purpose machinery and household appliances.


The researchers don’t measure the effects on business confidence resulting from the uncertainty regarding U.S. international trade policy. Many economists see this doubt about future government policy as a primary driver in the decline in business investment this year.


While the Federal Reserve did not specify companies affected by the U.S - China trade dispute of the past 18 months, semi-conductor and electronics manufacturers that depend on China for sales, like NVIDIA Corp. NVDA, -0.12%, Micron Technology MU, -0.02% and Intel Corp. INTC, -0.13% are seen as especially vulnerable in a trade war scenario.


Apple Inc. AAPL, -0.04% has been able to escape tariffs on its China-assembled phones to date.


While Chinese consumers mostly buy locally made automobiles, U.S. manufacturers like Tesla Inc. TSLA, -0.11% have been at risk. The electric vehicle maker first raised the price of its Model S and Model X cars by $20,000 after a new round of trade tariffs but then cut and decided to absorb the difference. However, together with its Chinese partners, General Motors GM, +0.03% sold 3.6 million vehicles in China in 2018, more than in the United States.


Some executives have blamed import tariffs for higher costs including heavy equipment manufacturer Caterpillar CAT,

Trump has 1.4 million fewer jobs than Obama's last 34 months


GDP is 2% (he promised 6%)


Deficit is 53% higher then when he took office


Debt is record high, he's added $3 trillion after promising to eliminate all US debt in 8 years (who fell for that one?)

[bsm2]

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

Americans Still Paying 100% of Trump’s Tariffs
As you may recall, economists who have studied Donald Trump’s tariffs have concluded that American consumers and firms are basically paying all of them. It’s just a big ol’ sales tax hidden slightly under the surface of products from China and elsewhere.


But that should change over time as importers adjust their supply chains and switch to other sources. By now, we should be seeing the effect of that and the prices borne by US consumers should be decreasing.

As you may recall, economists who have studied Donald Trump’s tariffs have concluded that American consumers and firms are basically paying all of them. It’s just a big ol’ sales tax hidden slightly under the surface of products from China and elsewhere.


But that should change over time as importers adjust their supply chains and switch to other sources. By now, we should be seeing the effect of that and the prices borne by US consumers should be decreasing.


There’s been no change at all. American firms and consumers are still paying nearly 100 percent of the cost of the tariffs. The only exception, it turns out, is steel, where foreign manufacturers have lowered their prices in the face of increased competition.


So that’s that. Previous estimates that American households are paying nearly $1,000 per year in hidden tariff costs are still in effect.

[FrohnB]

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

Americans Still Paying 100% of Trump’s Tariffs
As you may recall, economists who have studied Donald Trump’s tariffs have concluded that American consumers and firms are basically paying all of them. It’s just a big ol’ sales tax hidden slightly under the surface of products from China and elsewhere.


But that should change over time as importers adjust their supply chains and switch to other sources. By now, we should be seeing the effect of that and the prices borne by US consumers should be decreasing.

As you may recall, economists who have studied Donald Trump’s tariffs have concluded that American consumers and firms are basically paying all of them. It’s just a big ol’ sales tax hidden slightly under the surface of products from China and elsewhere.


But that should change over time as importers adjust their supply chains and switch to other sources. By now, we should be seeing the effect of that and the prices borne by US consumers should be decreasing.


There’s been no change at all. American firms and consumers are still paying nearly 100 percent of the cost of the tariffs. The only exception, it turns out, is steel, where foreign manufacturers have lowered their prices in the face of increased competition.


So that’s that. Previous estimates that American households are paying nearly $1,000 per year in hidden tariff costs are still in effect.

Well Duuuuuuhh! The word tariff literally means tax! If I remember correctly from my 6th or 7th grade history/ civics class, a tariff is Always borne by the consumer, and what’s collected goes to the government. It’s a “strategy” that is intended to make it less appealing to buy products from overseas and boost local/ American made sales. Let’s say someone is considering buying a $500.00 TV from China with the 25% tariff, now its a $625.00 TV, then they look locally and find the same size TV for $580 - 600.00 and it is manufactured here in the states. Even though it’s “only a $25 - 45.00 savings”, people will be more apt to buy the “now slightly cheaper in comparison” American made television.

Americans are “paying for the tariff” because of people and businesses who are still choosing to buy their goods from China. Plain and simple.

[bsm2]

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

Duh your King Trump says China is paying it 100%.
I wonder who's telling the truth!

[bsm2]

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

Trump's tariffs on European wine have American businesses begging for relief
American wine shop owners and importers already dealing with tariffs on European imports pleaded with US trade officials for relief Tuesday, arguing that adding a 100% tariff on French wine and Champagne threatened by President Donald Trump would devastate their industry.


"My company will surely disappear if 100% tariffs are imposed on European wines," said Jenny Lefcourt, who started her New York City-based import business called Jenny and Francois Selections about 20 years ago
The wine industry is caught up in two separate trade spats.
The Trump administration imposed a 25% tariff on most European wine in October, in retaliation for the subsidies Europe provided to aircraft maker Airbus. Since then, the administration has threatened to raise the rate because of a lack of progress in resolving the issue.
Trump has also threatened a new tariff on sparkling French wine, including Champagne, to punish France for imposing a tax on digital services. A report released by the US Trade Representative's Office last month found that the tax, which affects large American tech companies like Facebook and Google, represents a barrier to trade.

[bsm2]

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

Trump's tariffs cost U.S. companies $46 billion to date, data shows

[bsm2]

[SalesServiceGuy]

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

Another Trump FAILURE


Trump Dims Hopes for New China Trade Deal
‘I don’t think about it now,’ the president says about additional trade talks with China

Trump says U.S.-China relationship is ‘severely damaged,’ phase 2 trade deal not a priority

Trump says U.S.-China relationship damaged, phase 2 trade deal not a priority

... that means that 100s of millions of extra $ are still being taxed on Chinese goods entering the USA from China including copiers and printers. China will wait for the results of the Nov 2020 election.

With the USA economy now running huge deficits all of the extra money the tariffs bring in goes straight to general gov't revenues. In the likely event that Joe Biden becomes President, I would not expect him to make many changes to the tariffs for quite awhile.

Certainly the Chinese are guilty of many abuses of the trade relationship with the USA plus the Chinese economy is running huge deficits. I do not know if they can take at least four more years of a tariff war.

[bsm2]

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

Trump pulls tariff exemption for bifacial panels – again
The U.S. president issued a proclamation on Oct. 10 that cites the impact of imported bifacial panels on U.S. solar manufacturing, while also raising the scheduled fourth-year tariff rate from 15% to 18%.


Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA), told Bloomberg that Trump’s proclamation “counters critical needs of our country right now, jeopardizing jobs, economic recovery in the face of a pandemic and a clean environment.” SEIA would, she said, “evaluate every option to reverse this harmful approach.”

Nextracker CEO Dan Shugar called the tariffs “an outright tax on consumers of solar energy in the U.S,” in recent testimony to Congress.

[Phil B.]

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

Just because you need to add a spoon less sugar in your coffee does not equate to suffering.
We have fallen away to decadence and we think these everyday consumeristic luxuries have become a right.
Its the magnet stuck to your compass.

Exacly. I wonder how some were to survive if the elec grid went down!? No grocery store.. no gas.. no internet blah blah. Hell I bet most can't replace belts .. heater cores on their cars! Could they hunt fish to survive?

Sent from my SM-G960U using Tapatalk

[bsm2]

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

Exacly. I wonder how some were to survive if the elec grid went down!? No grocery store.. no gas.. no internet blah blah. Hell I bet most can't replace belts .. heater cores on their cars! Could they hunt fish to survive?

Sent from my SM-G960U using Tapatalk

The Trump Plan your on your own

[SalesServiceGuy]

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

Manufacturing group asks Biden to end steel, aluminum tariffs


A U.S. manufacturing group asked President Joe Biden to end tariffs on steel and aluminum imports, setting the stage for a debate on protective trade measures.

The Coalition of American Metal Manufacturers and Users said the tariffs hurt family-owned businesses and fractured relationships with trading partners. A letter from the group asked Biden to end former President Donald Trump’s tariffs and to ask countries to address the issue of excess steel and aluminum capacity in China.

“By taking action to terminate the Trump tariffs, your administration can prevent U.S. manufacturers from shutting down production lines, laying off workers, and potentially even closing their doors,” Paul Nathanson, the executive director of the group, said in the letter dated Wednesday.

“Thousands of manufacturers cannot procure the necessary raw materials in the U.S. in sufficient and reasonably available commercial quantities ––and of a satisfactory quality –– leading American companies to rely on imports,” he said.

Biden said last week he would keep U.S. tariffs on aluminum imports from the United Arab Emirates, a major supplier, reversing a last-minute directive by Trump.

The United Steelworkers, most U.S. steel producers and Century Aluminum Co. have asked Biden to maintain tariffs.

The coalition said it represents more than 30,000 companies and more than 1 million workers.