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Old 09-11-2018, 04:17 PM   #106
SomeBlackDude
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Default Re: Begun the Trade Wars Have

stress tests reveal global stocks would go through bear market territory in a prolonged/escalating trade war. 'murrica would be one of the hardest hit.

US-China trade war could cause a bear market, stress test shows

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Old 09-12-2018, 11:58 AM   #107
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Default Re: Begun the Trade Wars Have

starting today, the anti war talk by 'murrican industries becomes anti war action.

Quote:
As Trump embraces more tariffs, U.S. business readies public fight

WASHINGTON (Reuters) - After months of waging a behind-the-scenes war against President Donald Trump’s trade tariffs that have escalated far beyond what business groups once imagined, more than 60 U.S. industry groups are launching a coalition on Wednesday to take the fight public.

Emergence of the group, Americans for Free Trade, comes after Trump has warmed to the use of tariffs, implementing billions of dollars worth in an effort to use them as a threat to win concessions or in the belief they will create U.S. jobs.

“A lot of other interest groups thought they wouldn’t go this long or go this deep, but the layering effect (of tariffs) has finally gotten everyone to say: ‘Enough is enough,’” said Nicole Vasilaros, the top lobbyist for the National Marine Manufacturers Association, whose members are weighing laying off workers after seeing costs rise as much as 35 percent.

....

The business coalition includes groups representing some of the nation’s largest companies. Among them, the American Petroleum Institute, which represents the largest refiners like Exxon Mobil Corp and Chevron Corp, and the Retail Industry Leaders Association, which represents companies like Target Corp and Autozone Inc.

“There has been a lot of work that has been going on over the last eight months to try to persuade the president and the administration that tariffs are not going to work. Our view is that it’s not too late,” said Dean Garfield, chief executive of the Information Technology Industry Council, whose members include Microsoft Corp, Google owner Alphabet Inc and Apple Inc.

they're putting money into the effort. they will be running campaign style town halls, ads, etc in key battleground states during the mid terms.

Quote:
Trump Tariffs Spark Industry Campaign to De-Escalate Trade War

Trade associations representing farmers, retailers and manufacturers are joining forces in a new multi-million-dollar campaign to oppose President Donald Trump’s tariffs, in the latest attempt by U.S. business to stop an escalating trade war.

Groups lobbying for months to persuade the president that tariffs are the wrong approach have been largely ignored, as Trump slapped duties on billions of dollars of imports from steel to Chinese products. But a new coalition called Americans for Free Trade is joining Farmers for Free Trade to change the direction in Washington by highlighting stories of businesses, consumers and farmers in the heartland negatively affected by the duties.

The groups are launching a campaign of more than $3 million, involving town hall-style events in key congressional districts ahead of the midterm elections, digital advertising and other grassroots outreach to Congress and the administration. More than 80 coalition members are signing a letter to all members of Congress asking for support in fighting the duties and providing oversight on trade policy matters.

sounds like these corporate anti war hippies put fear of the holy ghost into the gawd. now he's talking that peace shit.

U.S. Proposing New Round of Trade Talks With China

smh.
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Old 09-12-2018, 12:18 PM   #108
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Default Re: Begun the Trade Wars Have

Quote:
Originally Posted by SomeBlackDude
starting today, the anti war talk by 'murrican industries becomes anti war action.



they're putting money into the effort. they will be running campaign style town halls, ads, etc in key battleground states during the mid terms.



sounds like these corporate anti war hippies put fear of the holy ghost into the gawd. now he's talking that peace shit.

U.S. Proposing New Round of Trade Talks With China

smh.
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Old 09-12-2018, 01:44 PM   #109
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Default Re: Begun the Trade Wars Have

Trump is an idiot. He doesn't understand what a trade deficit is. If I buy food produced in Mexico, I have a trade deficit with Mexico. What Trump doesn't understand is the other inherent benefits other than financial value such as nutrition, efficiency in growing environment, etc.

Once you add a barrier to trade in the form of tariffs, you don't magically create an industry to match the need, the short term change is price and the consumer eats it.

The fact is Trump is incredibly shortsighted. China's infrastructure and huge labor pool can eat the costs while China's targeted tariffs will affect people who will take an active role in Washington and who gets elected. We're seeing it in the coalition, Americans for Free Trade. This is the end of Trump if he doesn't concede.
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Old 09-12-2018, 01:51 PM   #110
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Default Re: Begun the Trade Wars Have

Idiot in Chief just doesn't understand supply chain and international trade

Quote:
Ford does not intend to start producing the small crossover Focus Active in the United States — no matter what the president has tweeted on the topic.

Ford Motor Company announced more than a week ago that it is canceling plans to produce the car in China and sell it in the U.S., citing the financial toll of the Trump administration's tariffs on vehicles imported from China.

On Sunday, President Trump welcomed the news as a positive sign. "This car can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!" he tweeted.



Donald J. Trump

@realDonaldTrump
“Ford has abruptly killed a plan to sell a Chinese-made small vehicle in the U.S. because of the prospect of higher U.S. Tariffs.” CNBC. This is just the beginning. This car can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!

8:49 AM - Sep 9, 2018
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30.6K people are talking about this


Ford, however, has no plans to move production to the United States.

"As we said last month, it would not be profitable to build the Focus Active in the U.S. given an expected annual sales volume of fewer than 50,000 units and its competitive segment," the company said in a statement emailed to NPR.


The automaker emphasized that it already has a substantial manufacturing presence in the U.S.

"Ford is proud to employ more U.S. hourly workers and build more vehicles in the U.S. than any other automaker," the company said. "In addition, Ford is growing its U.S. vehicle lineup — including introducing all-new trucks, utilities, hybrids and fully electric vehicles — and is committed to returning operating margins to 10 percent in North America."

The Ford Focus Active has never been sold in the U.S., and Ford does not currently import any vehicles from China.

But Ford had originally planned to bring the small crossover vehicle to the U.S. market beginning in late 2019.

Quote:
Even cars that are both made and sold in the U.S. are not exempt from the implications of tariffs. The industry group Motor & Equipment Manufacturers Association has expressed concern over tariffs on raw metal, saying they have a destabilizing effect on U.S. manufacturing and that the process of asking for exemptions is "opaque, inconsistent and inaccessible."

https://www.npr.org/2018/09/10/64632...roduced-in-u-s
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Old 09-12-2018, 01:58 PM   #111
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Default Re: Begun the Trade Wars Have

Quote:
Originally Posted by Facepalm
Idiot in Chief just doesn't understand supply chain and international trade

apple's supply chain breakdown:



apple: tariffs will add a 20%+ increase in our products that will be passed on to consumers.

gawd emperor: just build it in 'murrica.

apple:

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Old 09-16-2018, 01:27 PM   #112
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Thumbs down Re: Begun the Trade Wars Have

Trump gives green light to tariffs on $200 billion in Chinese goods

^10% vs the originally planned 25%... that's something at least, right?

in the meantime, there's this:

Quote:
Brutal map shows why U.S. farmers want Trump to 'end the trade war'

The ongoing battle over tariffs between President Trump and China is negatively affecting farmers across the US.

...

“The trade war is having impacts on all agricultural sectors,” Gary Schnitkey, Professor in Farm Management at the University of Illinois, told Yahoo Finance in a phone interview.

According to a recent map, provided by the US Department of Agriculture’s Economic Research Service and highlighted by the farmdoc project at the University of Illinois, the net cash farm income has decreased in every American region in comparison to 2017.

...

“The only answer is to make progress in negotiations with China since they are the biggest soybean consumers,” he said. “Not more government programs, but to make progress.”

Hugh Weathers, South Carolina’s commissioner of agriculture, estimates that “the impact of tariffs on our markets to date is at $70 million.” It’s been causing a steady decrease in agricultural income.

Schnitkey describes the crops in the Eastern Uplands as “a mishmash of things.” There are primarily small farms in the region, which used to be big tobacco producers, but less so now. Beef is a big one. The region is among those being hit the hardest, with 30% less income compared to 2017.

With farmers in that region dealing with yields and being further away from markets, “their base is turning out worse, which is why they’re coming out worse,” he said.

‘End the trade war’


senseless.

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