Page 45 of 46 FirstFirst ... 3543444546 LastLast
Results 441 to 450 of 454
Like Tree179Likes

Thread: Tariffs and trade !

  1. #441
    I Am Rocking Now

    Join Date
    May 2008
    Local Union
    81
    Employer
    Retired; OHFL
    Location
    Oregon
    Posts
    2,225
    Rep Power
    291

    Default Re: Tariffs and trade !

    Duplicate
    Last edited by RedRollingRoadblock; 10-03-2019 at 11:40 PM.

  2. #442
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,725
    Rep Power
    339

    Default Re: Tariffs and trade !

    Easy to win ... ?
    459 days into this economic disaster, and with all the other news happening, this probably isn't the first thing people are thinking of now.

    China Narrows Scope for Trade Deal With US Ahead of Talks
    Chinese officials are signaling they’re increasingly reluctant to agree to a broad trade deal pursued by President Donald Trump, ahead of negotiations this week that have raised hopes of a potential truce.
    In meetings with U.S. visitors to Beijing in recent weeks, senior Chinese officials have indicated the range of topics they’re willing to discuss has narrowed considerably, according to people familiar with the discussions.
    Vice Premier Liu He, who will lead the Chinese contingent in high-level talks that begin Oct. 10, told visiting dignitaries he would bring an offer to Washington that won’t include commitments on reforming Chinese industrial policy or the government subsidies that have been the target of longstanding U.S. complaints, one of the people said.

    That offer would take one of the Trump administration’s core demands off the table.
    China’s leaders “are interpreting the impeachment discussion as a weakening of Trump’s position, or certainly a distraction,” said Jude Blanchette, an expert on China’s elite politics at the Center for Strategic and International Studies.

    “Their calculation is that Trump needs a win” and is willing to make compromises on substance as a result, he said.
    https://www.ttnews.com/articles/chin...us-ahead-talks

  3. #443
    Taking A Stand!!!

    Join Date
    Jul 2009
    Local Union
    492
    Employer
    ABF
    Location
    Albuquerque, NM
    Posts
    40,981
    Rep Power
    897

    Default West Coast Ports Show Early Signs of Slowdown Due to Tariffs

    Been feeling it all year in this household. And we have Trump to thank of course! He is an imbecile!!!!

    While the holiday shipping season is keeping import volume steady for some of the nation’s busiest ports, executives are raising concerns about the long-term effects an extended trade battle with China could have on exports, and business overall.

    At the Port of Los Angeles — the nation’s busiest facility — the volume of 20-foot-equivalent unit containers (TEUs) dropped 2.7% year-over-year to 779,902, compared with 801,264 in 2018. However, year-to-date the port is still 3.7% ahead of 2018’s record pace, having processed 7,091,776 TEUs through the first nine months of 2019, compared with 6,779,605 in 2018.

    While the Trump administration has announced a partial agreement with China that could eventually scale back some of the tariffs the U.S. has placed on Chinese goods, the head of the L.A. facility has a stern warning to Washington.

    “The ill-advised U.S.-China trade war continues to wreak havoc on American exporters and manufacturers,” said Port of Los Angeles Executive Director Gene Seroka. “We’ve seen declining exports for 11 consecutive months while our fastest growing market segment is exporting empty containers back to Asia. It’s likely we’ll see softer volumes in the fourth quarter. We must have a negotiated settlement of the trade war as it is beginning to impact the more than 3 million jobs in the U.S. that are tied to this port complex.”
    https://www.ttnews.com/articles/west...wn-due-tariffs
    fxstc07 likes this.

  4. #444
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,725
    Rep Power
    339

    Default Re: Tariffs and trade !

    Hasbro toys has announced low 3rd quarter earnings and placed the blame on the Chinese tariffs.
    This manufacturer has most of their product made off shore, but they still employ thousands of people here in multiple office around the country. This will affect those people at some point.

    Tariff war zaps ‘Star Wars’ toymaker Hasbro
    Toy manufacturer Hasbro reported sharply lower third-quarter earnings, citing tariffs on Chinese products and higher supply chain costs.
    “The threat and implementation of tariffs negatively impacted our quarterly results,” said Brian Goldner, chairman and chief executive officer, on Oct. 22.
    Hasbro reported adjusted net earnings of $213 million in the third quarter of 2019, 19% below third-quarter 2018 earnings of $264 million. Net revenues were virtually flat — $1.575 billion in the third quarter of 2019 versus $1.570 billion for the same period in 2018.
    Speaking to securities analysts during an earnings call, Goldner said tariffs “in certain instances impacted our shipments and our ability to fully meet demand.”
    President Trump announced on Oct. 11 the U.S. will keep the 25% tariff on Chinese products imported into the U.S. on lists 1, 2, and 3 instead of raising the rate to 30% on Oct. 15. The value of those products is estimated at $250 billion. He kept in place a 15% tariff that went into effect Sept. 1 on $120 billion worth of other Chinese products on list 4A. As to the proposed 15% tariff on an additional $160 billion on the items on list 4B, due to take effect Dec. 15, the administration held out the possibility that it might be averted if a trade deal with the China is reached.
    https://www.freightwaves.com/news/ta...oymaker-hasbro
    ABFwife likes this.

  5. #445
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,725
    Rep Power
    339

    Default Re: Tariffs and trade !

    478 days !
    That "easy to win" tariff war just continues along.
    IMO, another failed promise made by this administration.
    ABFwife and 222lifer like this.

  6. #446
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,725
    Rep Power
    339

    Default Re: Tariffs and trade !

    Could it be that if Trump's new trade deal with China ... if it actually happens ... might leave the farmers worst off then before this whole trade debacle started.

    China’s “Massive” Trade Offer Leaves U.S. Farmers $7 Billion Worse Off
    The latest news from China indicates that it will “aim” to buy $20 billion in U.S. farm goods in the first year of an initial deal. It also says that such purchases “could” eventually rise as high as $40-50 billion. Trump is hailing the latter suggestion as an “incredible deal for farmers,” though he fails to note that the numbers have no empirical or analytical basis and are premised on his repealing all his punitive tariffs—that is, ending the trade war.
    The right way to evaluate China’s offer is to ask how much U.S. farmers would have exported to China in 2020 had Trump never started his trade war. In the graphic above, the dotted blue line projects such sales by assuming that, after 2017, China’s purchase volumes of each type of agricultural good would, absent Trump’s trade war, have continued growing at the rates seen since 2010. As the yellow marker highlights, China’s 2020 purchases would have exceeded $27 billion. That is, China would have bought over $7 billion more than what it is now offering. And this is a conservative estimate, given that the projections assume prices stay fixed at last year’s trade-war-depressed levels.
    In short, if Trump accepts what he is calling a “massive” deal with China, he will actually be leaving American farmers at least $7 billion worse off than they would have been without his policies. As for China’s hints of a far-off bonanza for U.S. farmers, these should be taken with a grain of soybean.
    https://www.cfr.org/blog/chinas-mass...-billion-worse

  7. #447
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,725
    Rep Power
    339

    Default Re: Tariffs and trade !

    Farm bankruptcies have soared over the tariff trade war.
    So I ask those that wanted to see this happen. How do we help those affected by this policy that has affected so many ?
    So far, the President has seen fit to institute a socialist program to help, but it doesn't help if so many farmers have lost everything they ever worked for.
    How many people has this affected ? What are the true costs of this trade tariff war ?

    U.S. Farm Bankruptcies Surge 24% on Strain From Trump Trade War
    U.S. farm bankruptcies in September surged 24% to the highest since 2011 amid strains from President Donald Trump’s trade war with China and a year of wild weather.
    Growers are also becoming increasingly dependent on trade aid and other federal programs for income, figures showed in a report by the American Farm Bureau Federation, the nation’s largest general farm organization.
    The squeeze on farmers underscores the toll China’s retaliatory tariffs have taken on a critical Trump constituency as the president enters a re-election campaign and a fight to stave off impeachment. The figures also highlight the importance of a “phase one” deal the administration is currently negotiating with Beijing to increase agriculture imports in return for a pause in escalating U.S. levies.
    Chapter 12 bankruptcy filings in the 12 months ended September rose to 580 from a year earlier. That marked the highest since 676 cases in 2011 under the chapter of the bankruptcy code tailored for farms. The total “remains well below” historical highs in the 1980s, the federation said.
    Recent bankruptcies were concentrated in the 13-state Midwestern region, a key battleground in the presidential election where grain, soybean, hog and dairy farms have been hit by trade disputes. More than 40%, or 255 filings, were in the region.
    https://www.bloomberg.com/news/artic...rump-trade-war

  8. #448
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,725
    Rep Power
    339

    Default Re: Tariffs and trade !

    Tariffs from vehicles made in the EU may be postponed. I suspect the double talk about capitol investment just means this administration hasn't been able to negotiate any real measurable progress. Capitol investment from foreign auto makers is already high. The major manufacturers in Europe all have assembly plants in the US already.

    US may put off auto tariffs again, Commerce secretary says
    Commerce Secretary Wilbur Ross cast doubt Sunday on whether the U.S. will move ahead with tariffs on imported vehicles and parts Nov. 14.

    Progress in capital investment talks with foreign automakers may make the tariffs — as high as 25% — unnecessary, Ross said in an interview with Bloomberg. His remarks come as the current six-month postponement of the tariffs draws to a close.

    “We have had very good conversations with our European friends, with our Japanese friends, with our Korean friends, and those are the major auto-producing sectors,” Ross told Bloomberg. “Our hope is that the negotiations we have been having with individual companies about their capital investment plans will bear enough fruit that it may not be necessary to put the [Section] 232 [tariffs] fully into effect, may not even be necessary to put [them] partly in effect.”
    https://www.freightwaves.com/news/us...secretary-says
    222lifer likes this.

  9. #449
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,725
    Rep Power
    339

    Default Re: Tariffs and trade !

    The tariffs were supposed to help our industries and our farmers. They haven't helped, with farm bankruptcies soaring, steel mills shutting down blast furnaces. Coal won't be making a comeback either. All backwards thinking on the part of an administration guided by Trump.
    Mexico isn't paying for the wall. Steel isn't revitalized. Farmers are failing.
    But I am told by some that we are winning ...

    Why Trump tariffs haven't revitalized American steelmakers
    U.S. President Donald Trump's move last year to tax imported steel triggered jeers but also cheers. Its goal — to raise steel prices — threatened to hurt the legions of U.S. manufacturers that depend on steel.
    Yet Trump's 25 per cent tariffs, it turns out, have done little for the people they were supposed to help. After enjoying a brief tariff-induced sugar high last year, American steelmakers are reeling. Steel prices and company earnings have sunk. Investors have dumped their stocks.
    The industry has added just 1,800 jobs since February 2018, the month before the tariffs took effect. That's a mere rounding error in a job market of 152 million and over a period when U.S. companies overall added nearly four million workers. Steelmakers employ 10,000 fewer people than they did five years ago.
    Initially, steelworkers cheered the tariffs.
    "Right after Trump made the announcement, US Steel announced that they'd be restarting one of the two furnaces they'd idled," May said. "Everybody was pretty excited."
    The good times didn't last.
    The first sign of trouble showed up on the stock market. Shares of steelmakers had topped out on Wall Street in February 2018 before the tariffs hit. Since then, the NYSE Arca Steel Index has plunged 32 per cent.
    And the tariffs have so far done nothing to blunt China's dominance. China accounts for 54 per cent of world steel production. The United States, five per cent.
    https://www.cbc.ca/news/business/tru...kers-1.5348012
    gillholey likes this.

  10. #450
    I Am Rocking Now

    Join Date
    May 2008
    Local Union
    81
    Employer
    Retired; OHFL
    Location
    Oregon
    Posts
    2,225
    Rep Power
    291

    Default Re: Tariffs and trade !

    https://www.washingtonpost.com/busin...8b6_story.html

    In latest China pivot, Trump says partial trade deal might not be completed this year

    President Trump suggested on Friday that the United States and China may not complete a partial trade deal this year, raising fresh doubts about prospects for a commercial truce that once was expected to be signed next weekend.

    “We’ll see what happens,” the president replied when a reporter asked if the agreement would be concluded in 2019.

    Speaking on the south lawn of the White House, the president added to confusion over the state of the roller coaster talks. He denied reports — which the White House had confirmed one day earlier — that he had agreed to remove some tariffs as part of an initial deal.

    “I haven’t agreed to anything,” Trump told reporters. “China would like to get somewhat of a rollback, not a complete rollback because they know I won’t do it.”

    The president’s remarks appeared to conflict with those of his National Economic Council director, Larry Kudlow. On Thursday, Kudlow confirmed the Chinese Commerce Ministry’s claim of a tariff accord, telling Bloomberg: “If there’s a Phase 1 trade deal, there are going to be tariff agreements and concessions.”
    He still is winning.

    Can Dear Leader EVER tell the truth?

 

 
Page 45 of 46 FirstFirst ... 3543444546 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350