New York — The Trump administration’s latest round of Chinese tariffs may spell bad news for the preppiest US summer staple: the Ralph Lauren polo shirt.
“Think sweaters, polo shirts, some of our footwear,” CEO Patrice Louvet said in an interview after the company reported fourth-quarter results. “As you can imagine, we are working on different scenarios, absolutely.” So far, the average US consumer has largely escaped direct impact from US tariffs on Chinese imports, with the previous rounds focusing more on agricultural items such as fish and produce. Some consumer-facing products didn’t escape the first rounds, from handbags to furniture, but finished apparel was largely spared — until now. The proposed list of additional tariffs, released late on Monday, includes more than two dozen pages of clothing items alone.
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ANC's project 'forgive me' pays offBoth the two main opposition parties have fared dismally in this election. As things stand, the best case scenario for the DA is to walk away with exactly the same amount of support the party went into the elections with, writes Ralph Mathekga. Pays off where? 😲😲😲😲The ANC is in decline everywhere National and Provincial... What hell is this? Mxm aai the more things change, the more they stay the same. In completely unrelated news, load-shedding should kick in by this weekend. The ANC thanks its sheep for their vote, now it's back to state looting and incompetence as usual
Source: News24 - 🏆 4. / 80 Read more »
‘Failed new dawn to blame’ for ANC’s drop in support – analystBut another analyst, Ralph Mathekga, said the drop was caused by the ANC’s own flaws. 'New yawn'....stolen. The new dawn narrative of 9 wasted yrs ate them votes ,attacking their own SG ate them votes.ZUMA was a great deal he managed to keep the ANC above 60 even after 2 breakaways in 2 general elections . Cyril didn't get that but failed The fact that ANC can still get 57% doesn't say much about the 'strength' of the ANC. It does however speak volumes about the intelligence of the South African electorate.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Did Ramaphosa receive the mandate he was looking for?Who received the mandate in the elections last week? Was it passed to the ANC or to Cyril Ramaphosa, or both? This is not an academic debate with no basis in real life, but influences how things will progress in government in the next five years, writes Ralph Mathekga. Slightly less
Source: News24 - 🏆 4. / 80 Read more »
2019 ELECTION: Swerve on Survé: R1m donation falls foul of ANC factional strifeOn the eve of Election Day, the Western Cape ANC announced it would return a donation it had accepted just two days earlier from Iqbal Survé and his Sekunjalo Investment Holdings company. Sekunjalo has controversially benefited from Public Investment Corporation investments. This egg-on-face situation happened as factional interests compete on the campaign trail. In another twist, Survé hit back, fingering Deputy Finance Minister and PIC chairperson Mondli Gungubele as being behind the move.
Source: dailymaverick - 🏆 3. / 84 Read more »
Trump warns China not to retaliate against US trade tariffsPresident Donald Trump on Monday warned China not to retaliate after Washington raised punitive duties on $200 billion worth of Chinese imports to 25 percent from 10 percent. Lol 😂 has this nutcase really no brains? China is one country that can retaliate the bullying of the US. Why? Worse for who really? From where I stand CHINA looks ok
Source: TimesLIVE - 🏆 28. / 59 Read more »
Newsdeck: Trump warns China not to retaliate against tariff hikeWASHINGTON, May 13 (Reuters) - U.S. President Donald Trump on Monday warned China not to retaliate against a hike in tariffs he imposed last week and said that the nation 'will be hurt very badly if you don't make a deal.' What can he do to the mighty China?
Source: dailymaverick - 🏆 3. / 84 Read more »
Trump orders tariff hike on remaining Chinese importsThe move came less than 24 hours after Washington increased punitive duties on $200 billion worth of Chinese imports
Source: ewnupdates - 🏆 30. / 53 Read more »
Business Maverick: U.S. Readies New Tariffs as Trump Says He’ll Meet China’s XiThe U.S. prepared to hit China with new tariffs even as President Donald Trump said he’ll meet his Chinese counterpart, Xi Jinping, at next month’s G-20 summit, an encounter that could prove pivotal in a deepening clash over trade.
Source: dailymaverick - 🏆 3. / 84 Read more »
Trump and Xi to meet after defiant China hits US with new tariffsFinancial markets were rattled by the escalating trade war between the two nations. I wish South Africa was as brave as China ,oh I forget China loves itself and its citizens more than always begging for good relations with other countries mxm
Source: eNCA - 🏆 49. / 51 Read more »
Europe car makers fired up as Trump hikes China tariffsTrump is due to make a decision about European cars next week, with the EU pledging retaliation and ending talks if car tariffs are imposed
Source: BDliveSA - 🏆 12. / 63 Read more »
China's exporters fret over Trump tariffsCompanies shipping a range of products from seafood to furniture are among those in the firing line. It's time you'll respect Trump
Source: eNCA - 🏆 49. / 51 Read more »