Exactly. Built up their country at our expense!
Posted on 05/12/2019 2:28:48 AM PDT by Zhang Fei
“Those manufacturers who mainly sell to Europe and the United States need to start taking pain killers again,” said exporter Liao Yu, who produces bags and suitcases in Dongguan.
“The cost of relocation is very high for small factories of our kind. But if you don’t move, how do you digest the tariffs? A 25 per cent [tariff] will kill everyone. Meanwhile, European and American customers are now using more suppliers in Southeast Asia to replace us. Trump is just a killer.”
“We thought our products would be safe and excluded from the list [subject to US tariffs]. But Trump never plays by the rules and it seems no one from China’s side is able to contend with him,” said Gloria Luo, who manages a Guangdong-based manufacturer of automotive parts and industrial moulds.
“My team and I have been busy studying whether our products would be included on the list of US$325 billion worth of goods and what we should do next. It’s really hard to absorb the news because the [Chinese] media is just reporting repeatedly that both sides had made positive progress in the latest talks and would reach a final deal soon.
“[Trump’s threat] means a fundamental change for those of us who used to fill American orders, either we must relocate to other countries or suffer great hardship,” said Jason Liang, a sales manager at a Guangzhou-based exporter of LED products.
“There’s a huge difference between [the effect of] a 10 per cent tariff and a 25 per cent tariff. No factory could absorb the tariff costs that are that high.
“[The rise] would only result in massive lay-offs at a large number of export-oriented companies, not to mention [the effect of the new] 25 per cent tariffs on an additional US$325 billion of Chinese goods.
(Excerpt) Read more at scmp.com ...
Me Chinese, me play joke. Me make pee-pee in your Coke!
The rules where they suck us dry, buy nothing from us while we buy everything from them. Yes, Trump will never play by those rules...
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Well said.
The Chinese were expecting more of the same selective blindness/globalist treatment from the next president (Killary) but surprise! Trump is first and foremost a successful business man who knows how do deal from strength.
When one holds all the cards it is only necessary to hand down terms of surrender.
Yes, you can negotiate the venue and the associated pomp and circumstance, but the surrender terms are dictated.
The only remaining question is whether China realizes they have been beaten.
If not, they will realize it very, very soon.
So the income tax is better? Lowering income tax rates and increasing tariffs is both very Conservative and very Republican, pre WWII.
I guess Dollar Tree will be renamed Dollar and a Quarter Tree.
What you “save” in up front purchase cost you throw away in labor replacement cost. Got it.
I hope the EU is paying attention.
Confucius say: “Man who go to bed with itchy butt wake up with smelly finger”.
What better way to claw back welfare money than at the Dollar Tree!!!!!
Ugh, I could have done without that dose of PC culture...
:)
Whiskey Tango Foxtrot? We already have full employment, an employee's market...then there's the people who don't want to work.
Next we need to kill welfare, get the parasites off their fat asses....and deport deport deport.
Man, I like that.
I have a ColecoVision game console out in my garage with a “Made in Pennsylvania” sticker on it.
I wonder what Gloria Luo’s thought are about the American workers that once produced devices like that.
Nigeria, Indonesia, Venezuela, etc etc etc. Give the poor Third Worlders a little scratch.
Hey! Maybe we should restrict it to just this Hemisphere:
Make Central America Great Again!
(and they'll all move back)
I hope Gloria and Jason have HK British passports cuz the PLA ain’t gonna like them speaking out...
Exactly. Built up their country at our expense!
Yes
What you have described is the free market in action
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