Chinese tariffs on imports are high. Costs used to be bottom-of-the barrel cheap. The second is no longer the case. 25% tariffs will force foreign and Chinese manufacturers exporting to the US to move plants out of China. Once built, they will move probably all of their production not destined for China to those plants. In time, they may find it cheaper to pay Chinese tariffs than to maintain one plant in China and one plant in another lower-cost location. Chinese export industry workers are about to get a good look at outsourcing from the wrong end of the barrel.
To be called a CHEATER by someone from mainland China, it....it somehow seems a great HONOR.
... who ‘never plays by the rules’, say Chinese exporters...
The rules where they suck us dry, buy nothing from us while we by everything from them. Yes, Trump will never play by those rules. Those rules are over. The same can be said to Germany and France. IT’S OVER!!!!!!!!!!!!!!!!!
The squealing, it’s music to my ears.
Oh, yeah...
That's our President...love the guy
Unexpected
Devastating
Trumps "Art of the Deal" has been in print for ages....so bad so sad they never read it.
Me Chinese, me play joke. Me make pee-pee in your Coke!
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.
I guess Dollar Tree will be renamed Dollar and a Quarter Tree.
:)
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.
I hope Gloria and Jason have HK British passports cuz the PLA ain’t gonna like them speaking out...
Boo frickin’ hoo.
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 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.””
Maybe your government should stop ripping off every piece of IP it can lay it’s hands on and this wouldn’t happen to you.
“the giant sucking sound”
...could get even louder soon. The Administration now says that the final package - 25% on the remaining Chinese imports - is being readied for one month from now.
The package just imposed was bigger than the one that slowed China’s economy in the first quarter, and the next one is about twice that. They will crash China’s economy, which has not had a correction for decades.
Young professionals there have never known anything other than boom times. I’m guessing that a bust will be a hard adjustment.
LOL. Trump is a business killer? Look at the US economy roaring like a Dragon!
China is a business killer, we have been giving them 500 billon dollars a year since they came into the WTO in 2001.
Reciprocity does not kill business.
The Chinese are intellectual property thieves.
No longer able to rely on a strategy of export-led industrialization for growth, China's interests and economic position now require it to confront the dilemmas and compromises of an over-leveraged middle-income economy with an aging demographic. So far, its leaders seem to prefer the fantasies of its Belt and Road iniative and blaming Donald Trump and the United States as things go wrong.