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So much for jobs coming back, just another reason for Corporations to leave. Tax cut is now worthless.
The US has 5 % of the wirld’s population and it’s ability to consume all it produces, is limited.
Nearly 100 years ago, Ford Motors established its first plant in Europe and did so to avoid shipping and import taxes in destination countries. It allowed them to compete with European manufacturers on a level playing field.
Boeing’s future revenue is closely tied to the pipeline of future orders from China, the largest global buyer of commercial aircraft.
The US has 5 % of the wirld’s population and it’s ability to consume all it produces, is limited.
Nearly 100 years ago, Ford Motors established its first plant in Europe and did so to avoid shipping and import taxes in destination countries. It allowed them to compete with European manufacturers on a level playing field.
Boeing’s future revenue is closely tied to the pipeline of future orders from China, the largest global buyer of commercial aircraft.
We slapped 25% tariffs on 1 billion in steel trade from China, and 10% on a bit less with aluminum. The stock market dropped when they replied with tariffs on 3 billion in trade from us to them, and lots of people started complaining.
Buckle up.
Trump just announced 25% tariffs on 1,300 products. Over 50 billion of the trade from China will now be hit by this.
Expect China to respond.
If you thought the market freaked out earlier, and that lots of people were upset? It just got turned to 11.
They will just raise the price by 25% on all exports to US.
The US has 5 % of the wirld’s population and it’s ability to consume all it produces, is limited.
Nearly 100 years ago, Ford Motors established its first plant in Europe and did so to avoid shipping and import taxes in destination countries. It allowed them to compete with European manufacturers on a level playing field.
Boeing’s future revenue is closely tied to the pipeline of future orders from China, the largest global buyer of commercial aircraft.
China's ability to buy commercial aircraft from Boeing, or anyone else, is tied to their income from exports. The bulk of their exports are to the United States. In short-they need us more than we need them. They will have to come to the bargaining table and we have to work out some actual, fair trade agreements with them. The administrations of the last 30 years have sold out American workers to the Chinese. In the meantime-we see a nice bump in government revenues collected off tariffs.
No mention of any of the Chinese reaction on Fox News. Why is that I wonder? Every single other news site is leading with it. Including Brietbart even. They have NO shame.
No mention of any of the Chinese reaction on Fox News. Why is that I wonder? Every single other news site is leading with it. Including Brietbart even. They have NO shame.
Turn over to Fox Business News. They have their own channel that covers it extensively. Open your mind.
Don't think "intellectual property" really made that list
Clothing, leather goods, jewelry and home goods are not intellectual property. These are Trump Org products made in China and exported to the US and other countries.
On the campaign trail, Trump referred to goods made in China as crap. His base ate it up.
He knows well that China ( and other countries) meets specifications. If the spec calls for cheap crap, China delivers. If the specs call for high quality, China delivers. Products specified to last forever are not conducive to repeat purchases which is not good for business.
If Trump chose to walk his talk he would have compelled all Trump Org products to be made in the US.
If Trump chose to walk his talk he would employ US people instead of relying on H2 b visa workers at his resorts/ country clubs.
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