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Old 05-20-2019, 05:44 PM
 
9,229 posts, read 9,758,341 times
Reputation: 3316

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These companies may be the first ones to go bankrupt due to politics.

The letter can be found here:
https://fdra.org/wp-content/uploads/...f-Letter-1.pdf

Dear Mr. President:
As leading American footwear companies, brands and retailers, with hundreds of thousands of employees across
the U.S., we write to ask that you immediately remove footwear from the most recent Section 301 list published
by the United States Trade Representative on May 13, 2019. The proposed additional tariff of 25 percent on
footwear would be catastrophic for our consumers, our companies, and the American economy as a whole.

 
Old 05-20-2019, 05:52 PM
 
27,624 posts, read 21,125,541 times
Reputation: 11095
Quote:
Originally Posted by Bettafish View Post
These companies may be the first ones to go bankrupt due to politics.

The letter can be found here:
https://fdra.org/wp-content/uploads/...f-Letter-1.pdf

Dear Mr. President:
As leading American footwear companies, brands and retailers, with hundreds of thousands of employees across
the U.S., we write to ask that you immediately remove footwear from the most recent Section 301 list published
by the United States Trade Representative on May 13, 2019. The proposed additional tariff of 25 percent on
footwear would be catastrophic for our consumers, our companies, and the American economy as a whole.
Are there tariffs on grifter daughter Ivanka products? Must check that out.
 
Old 05-20-2019, 05:57 PM
 
9,229 posts, read 9,758,341 times
Reputation: 3316
I did not know there are so many footwear companies in America. Maybe it is good to eliminate some of them.
 
Old 05-20-2019, 06:27 PM
 
7,343 posts, read 4,368,841 times
Reputation: 7659
173 American companies that do their manufacturing in China. Hundreds of thousands of jobs here in the US is a suspect number.
 
Old 05-20-2019, 06:28 PM
 
7,343 posts, read 4,368,841 times
Reputation: 7659
Quote:
Originally Posted by Bettafish View Post
I did not know there are so many footwear companies in America. Maybe it is good to eliminate some of them.
Those are not American manufacturers. Just American companies that choose to do their manufacturing in China.
 
Old 05-20-2019, 07:00 PM
 
Location: NY
16,083 posts, read 6,848,003 times
Reputation: 12329
Quote:
Originally Posted by Bettafish View Post
These companies may be the first ones to go bankrupt due to politics.

The letter can be found here:
https://fdra.org/wp-content/uploads/...f-Letter-1.pdf

Dear Mr. President:
As leading American footwear companies, brands and retailers, with hundreds of thousands of employees across
the U.S., we write to ask that you immediately remove footwear from the most recent Section 301 list published
by the United States Trade Representative on May 13, 2019. The proposed additional tariff of 25 percent on
footwear would be catastrophic for our consumers, our companies, and the American economy as a whole.
Finally return Shoe Factories to the United States......
O.K. So they'll cost $200 bucks for a cheap pair that will last 5 years instead of 5 months.
I'll take the risk of paying for the employment and feeding thousands upon thousands of
Americans rather than our over seas competitors.
 
Old 05-20-2019, 07:13 PM
 
22,923 posts, read 15,489,598 times
Reputation: 16962
Quote:
Originally Posted by Mr.Retired View Post
Finally return Shoe Factories to the United States......
O.K. So they'll cost $200 bucks for a cheap pair that will last 5 years instead of 5 months.
I'll take the risk of paying for the employment and feeding thousands upon thousands of
Americans rather than our over seas competitors.
Haaar! Sure you'll take the risk. Where were you and millions of other Americans when Sam Walton was busily becoming a billionaire by catering to American's demanding cheaper stuff?
 
Old 05-20-2019, 07:18 PM
 
Location: Sonoran Desert
39,078 posts, read 51,231,444 times
Reputation: 28324
Putin today pledged to supply China with all the soybeans and poultry they need. Is Trump deliberately hurting US farmers to strengthen Putin's influence (and income) in China? It certainly seems like it.
 
Old 05-20-2019, 07:21 PM
 
9,229 posts, read 9,758,341 times
Reputation: 3316
Quote:
Originally Posted by Mr.Retired View Post
Finally return Shoe Factories to the United States......
O.K. So they'll cost $200 bucks for a cheap pair that will last 5 years instead of 5 months.
I'll take the risk of paying for the employment and feeding thousands upon thousands of
Americans rather than our over seas competitors.
You keep shoes for 5 years? Nowadays people throw their $700 smartphones after 2 years.

Also "made-in-China does not last long" is just a saying, not always true.
Not to mention few if any young Americans want to work in shoe factories, and the only solution is probably to hire immigrants.
 
Old 05-20-2019, 07:30 PM
 
78,417 posts, read 60,593,823 times
Reputation: 49704
The US if fighting back in a trade war that has up until recently been one-sided.

This isn't even a partisan concept, this has been a long-term problem recognized for ages by every prior administration with regards to currency manipulation, patent theft, copywrite violation etc. etc. etc.

I'm not a Trump fan, nor am I even certain he's dealing with this the best way but the latest round is in response to China trying to pull a fast one by backing out of points that were already agreed upon.

Here you go in case you've been in a coma the last 20 years....

https://www.bloomberg.com/news/artic...l-it-quicktake
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