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 dont 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 Chinas 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. Its 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.
[Trumps 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.
Theres 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 ...
Boo frickin’ hoo.
Please fill me in - where is this?
[ never plays by the rules ]
Oh, that’s rich, coming from the Chinese.....
Art Vandelay is a brilliant importer-exporter. And an architect. He did the new addition to the Guggenheim.
Really didn’t take that long, either.
Chinese theft of our intellectual property is a far less important factor than their currency manipulation, their dumping, their labor exploitation and their import restrictions and barriers.
If the other factors are put back on a level playing field, we can deal with corporate espionage and theft. Also, if the fundamental unfair trade policy issues are dealt with, a certain amount of Chinese price undercutting is OK, because American consumers know that Chinese goods are cheap pieces of sh!t. When they cut corners in R&D, production, materials, etc. it results in poor quality and customer care. American consumers will happily pay a premium for non-Chinese goods - as long as that premium is justified by better quality and customer care.
These reciprocal tariffs will iron out the important inequities. Their crap products will still sell for a lower price, but we can compete with that.
The cost of relocation is very high for small factories of our kind. But if you dont 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.
Yup that’s exactly what he is! And what he’s done needed to happen! It’s decades past time when the US should quit being China’s economic piggy bank. And we can “thank” American Businessmen for being a lot less than patriotic.
I know where you got that...
;)
I read somewhere that China supplies something like 80% of the apple juice we and all toddlers drink here in America.
With those skeezy china businessmen cutting corners and using substitutes i am waiting for that giant toddler food poisoning epidemic that i am convinced will happen sooner or later.
Same with pet food..
If you read your Constitution closely, you will notice that the ONLY legitimate income stream for the federal government is tariffs.
It’s not Republican, it’s CONSTITUTIONAL!
The writing part that is...
The Sun also kills germs on clothing.
Thanks Zhang Fei. I guess their sense of irony is well developed.
Machine learning and greater automation will mean a slow erosion of manufacturing jobs, and the impact of that will be felt even more strongly in low-wage countries. And it probably won't be all that slow.
O Boo Gurl! Me love you long time!
Said General George S. Patton. Another Patton maxim; “If everyone is thinking the same thing no one is thinking’’.
This is Donald Trump. A real New Yorker. Not the loudmouthed, full of bs type or the wimpy, Upper East Side Chucky Schumer liberal type. A hard nosed, mean ass “You wanna play f around around, we’ll play f around’’ type.
Gee....
Commies sounding like capitalists.... Now would would Dear Old Mao say???
Keep crying. It’s music to our ears.
In China he is known as King Donald The Strong.
They fear and respect him.
The neither feared nor respected Bush, Obama or Clinton. They laughed at each of them
The cost of relocation is very high for small factories of our kind. But if you dont 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.
Maybe your government should stop ripping off every piece of IP it can lay its hands on and this wouldnt happen to you.
Don't forget, he was a Marine Biologist, too.
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