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Falling Import Prices Show China Is Paying For Tariffs
Breitbart ^
| June 13, 2019
| John Carney
Posted on 06/13/2019 11:53:01 AM PDT by House Atreides
The prices of goods imported into the United States fell in May even as tariffs increased on goods from China.
...Imports from Asian countries outside of China also fell in price, dropping by 0.2 percent in May for a 1.4 percent decline compared with 12-months prior. This suggests that companies that have shifted production out of China are not paying higher prices, undermining one of the key assumptions behind claims that tariffs would drive up prices for U.S. consumers.
Inflation in the U.S. has fallen below the Federal Reserves target of two percent, indicating that consumers have not been squeezed by tariffs. A close examination of prices of tariffed goods show that tariffs are being absorbed by importers and middlemen rather than being passed on to consumers.
Falling import prices are likely to hold down inflation in the U.S., making it more likely that the Federal Reserve will have to cut rates to achieve its price stability target.
(Excerpt) Read more at breitbart.com ...
TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: boycotts; china; imports; sanctions; tariffs; trade; trumpasia; trumptrade
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To: Vigilanteman; SeekAndFind
The fact that they will be employing foreigners rather than locals? Believe it or not, some countries actually care about such parochial issues in this glorious world village.
Partner, I stopped at Home Depot to buy some Delta towel and bathroom tissue appurtenances that you need in a bathroom and we knew that a lot of this stuff is being manufactured in China but it was outrageous what we saw "All Made In China" tags.
President Trump is doing the right thing since nobody in any presidential administration has said anything about this manufacturing in China business.
It is a major Coup by the Chinese to get all the plans for the building of the plant plus a company has to give the Chicoms the "How to manufacture" which is all the "Know How" of a company. It is plain outrageous to say the least!!!
To: xzins
If china were a sole source on what they send us, the tariff-people might have a point, but china has competition all over the world for everything they manufacture.
Partner, manufacturers have to give the Chicoms all their know how and building "The Manufacturing Building" which is a lot of "Know How" and the American vendor must give the Chicoms "the technology and plan dwgs." of "How to Manufacture" the product.
The Chicoms have been stealing us blind.
I am all in favor of having "Ameicans building and manufacturing our products." I am all in favor of having American Patriot workers in the U.S.A.
We also have to discuss outsourcing of engineering jobs right now which India is a big recipient, the Philippines, South Korea, Chicoms. Why do engineers in the U.S. get left out.
To: House Atreides
83
posted on
06/18/2019 7:51:21 PM PDT
by
SC Swamp Fox
(Aim small, miss small.)
To: Jim Robinson
The difference is, China seems to be building an entire infrastructure to compete with and REPLACE America in every way.
Vietnam is not that way. It is not the same.
I lived in China 30 years ago. Even then it was vaguely threatening.
Vietnam is not the same. Not at all.
84
posted on
06/22/2019 9:01:31 AM PDT
by
cba123
( Toi la nguoi My. Toi bay gio o Viet Nam.)
To: WASCWatch
The Chinese economy is going to be a dumpster fire in a few more years. Exactly so.
85
posted on
06/24/2019 11:20:07 AM PDT
by
gogeo
(Liberal politics and mental instability; coincidence, correlation, or causation?)
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