Nearly three-fourths, or 74.9%, of almost 250 respondents to a survey held from May 16 to May 20 said the increases in American and Chinese tariffs are having a negative impact on their business, according to a report released Wednesday by the American Chamber of Commerce in Shanghai and the Beijing-based American Chamber of Commerce in China.
Of the survey participants, 61.6% were manufacturing-related, 25.5% were in the services sector, 3.8% were in retail and distribution and 9.6% came from other industries. The U.S. raised tariffs on $200 billion worth of Chinese goods to 25% from 10% on May 10. Beijing responded a few days later with duties ranging from 5% to 25% on $60 billion worth of U.S. goods, set to take effect June 1.
More than American business hurting in China, here in the US PEOPLE have been suffering for the past 20 years due to OUTSOURCING and EXPORT of jobs from the US to foreigners who have NO ALLEGIANCE to the US.
Good
U S knew it. Trumpdid it too intentionery. Why because he need kick back from china to take over collapsed soon business in u s. Watch closely. Dumb doesn’t see it.
Trump don’t care 🤷♀️👹👺🤡
When they outsource tens of millions American jobs to overseas during last 30 years did media ever say sth for American people?
America needs tariffs! China Cheats!
perhaps we could discuss how easy it is to boost the economy if we ignore the deficit.
Well. Maybe consider being an American business in America.
Naa
China will fall in line one way or another.
That’s the purpose.
It seems Trump isn’t happy with the US being the world’s economic leader, he’s dead set on showing the rest of the world that China and Russia will do a better job in the future.
Do the U.S. companies that do business in China pay U.S. taxes and provide American jobs?
Winning!
See Brokeahontas
Trump doesn’t give a damn and he’ll pay for it in 2020
Make it in America.
...when CNBC going to change its logo to the hammer and sickle?
breaking news
Awwwww.
This is strictly business
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Death by paperwork: Tariffs aren’t China’s only trade weaponHere’s how China could cause pain to American businesses without resorting to tariffs. What if what this is really about is Trump trying to lower the tax burden on the wealthy, and he simply isn't considering other consequences. He's just come up with a hidden sales tax. There has and always will be a bit of give and take among nations, how much did we and other's pilferage China before they awoke and told all outsiders to leave, as i see it, they were just taking back a little what was taken in the first place,..too much truth?. RyannaEvans Exactly.
Source: politico - 🏆 381. / 59 Read more »
China does not pay tariffs; you do'Let's be clear. China does not pay the tariffs, the companies that are importing it do and eventually they are likely to pass it on to you.' — chucktodd chucktodd So Patriot farmers aren't real? This is a blow to all Dotards out there. chucktodd Trump calls this, 'Winning.' chucktodd
Source: MSNBC - 🏆 469. / 51 Read more »
Mnuchin says China trade talks likely to continue in BeijingU.S. Treasury Secretary Steven Mnuchin said on Wednesday he will likely travel t... Trump's running for president, Xi isn't running for anything. They've got all the time in the world. We should give communism a try! Trump and 'fair traders' see how it's working?! Suggestion: If the trade isn't 'fair', don't make the trade! (Which I know we've done with China and all others). screw this guy !
Source: Reuters - 🏆 2. / 97 Read more »
China Says It Doesn’t Know About U.S. Plans for Beijing Trade TalksChina’s Commerce Ministry denied knowing about U.S. plans to resume trade talks, deflecting remarks by Treasury Secretary Steven Mnuchin that American officials are likely to travel to Beijing soon for negotiations. Yet play well your cards China knows well the US christo-capitalist system's treatment of the slaves
Source: WSJ - 🏆 98. / 63 Read more »
‘I don’t see him crying uncle’: Trump believes China tariffs will help him win reelectionThe president’s confidence comes amid disagreement inside the White House over his strident nationalism and firm belief in tariffs as economic weapons. Sure. All those voters paying more and more money for basic products will totally vote for Trump. 🤦♀️ Yes a depressed consumer economy is a great idea keep it up Donald 'Trump believes casinos key to financial solvency' 'Trump believes getting bailed out by Russian oligarchs key to independence' 'Trump believes lying 10,000 times key to top billing in greatest Presidents ever list'
Source: washingtonpost - 🏆 95. / 72 Read more »
Here Is How China Is Really 'Paying' For TariffsChina is not paying for tariffs at the ports. American companies are. But they are paying in other ways. China will pay by companies getting up and leaving. The Tariffs are only the means.
Source: Forbes - 🏆 394. / 53 Read more »
Opinion | There’s a revealing puzzle in the China tariffsOpinion: There’s a revealing puzzle in the China tariffs I don’t know about any puzzle but I do find it odd that you prefer we lose $500bn per year to avoid paying $.002 extra for a pair of chinese tube socks. TariffMan ChinaTariffs Literally ... 👇 Revealing Puzzle : China,s fat American $ filled wallet hurts...and they like it very little..
Source: washingtonpost - 🏆 95. / 72 Read more »
Morgan Stanley: More tariffs on China could trigger a global recessionMore tit-for-tat tariffs in the U.S.-China trade war could set the global economy up for a recession, according to Morgan Stanley. And everyone could thank Trump for that. Trump's trying to stop the China's raising, however even if not only Trump but also Franklin and Jefferson try to stop China it is not gonna happen. Never ever it will happen. USA must sign a good deal with China If it wanna keep stay strong in the long term. TradeWar Someone got paid for this opinionated piece of crap.
Source: CNBC - 🏆 12. / 72 Read more »
Toomey: 'Absolutely painful' China tariffs may be 'worth the price'Sen. Pat Toomey defended Trump amid the administration’s trade war with China, arguing that an eventual agreement with Beijing may be “worth the price” of the “absolutely painful” tariffs hammering American farmers. Lmao Republicans have no spine THIS IS A PATRIOT OF AMERICA Bullshit!!
Source: politico - 🏆 381. / 59 Read more »
Wholesale importer: Our family business, like others, pays Trump's tariffs — not ChinaWe are importers of Christmas decorations. The vast majority of the items we import are made in China, with some exceptions. China is the only country that can produce many of the items we buy. Political BS. Long term let’s move away from doing business with communist China Has this importer heard of foreign exchange? The Yuan has devalued 10% since last year. He may want to call his Chinese factories who are making out.
Source: CNBC - 🏆 12. / 72 Read more »
The first round of China tariffs already stifled U.S. exportsThe U.S.-China trade war is escalating, but many U.S. industries are already feeling the pain of last summer's skirmish. My Goodness! The book is yours! books Who r u rooting for? America or china? Keep bashing realDonaldTrump and you will stay in the good graces of JeffBezos and your paycheck will remain safe! How much money would you sell your soul for? How much to become un American? How about tell lies & lose your self respect?
Source: washingtonpost - 🏆 95. / 72 Read more »