Page 9 of 44 FirstFirst ... 789101119 ... LastLast
Results 81 to 90 of 436
Like Tree168Likes

Thread: Tariffs and trade !

  1. #81
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,429
    Rep Power
    335

    Default Re: Tariffs and trade !

    We used to have a regular contributor that always complained that corporate taxes should be dropped since the costs are always passed to the end consumer.
    Yet, I haven't heard one word that these tariffs will do the same thing, besides hurting many more, like employees who are laid off due to less sales.

    Here is a good opinion article, written by the CEO of Cummins as he talks about the Seymour Indiana engine plant that employs a thousand people.

    Tariffs Are Going to Hurt American Companies
    Nearly 80 percent of the products that Cummins makes in Seymour are exported; in other words, the existence of this plant is a direct result of our company’s ability to access global markets.

    Cummins employs about 1,000 people in Seymour, and we have invested more than $300 million into the plant in the past seven years, including a technical center that employs hundreds of engineers. In the past year, we have added nearly 50 employees.
    However, increased supply-chain costs because of the recent tariffs will raise the price of the products from Seymour. We may also face retaliatory tariffs, which could result in lost sales and restrict or reverse our growth.
    International trade has been the single most important contributor to growth and hiring at Cummins for nearly two decades. Half of our business is outside the United States, and more than 20 percent of the 25,000 Cummins jobs in America are directly tied to international business.
    Let’s be clear: a tariff is a tax, plain and simple. For Cummins, the impact of tariffs on steel and aluminum, tariffs applied to products we bring to the United States, as well as retaliatory tariffs imposed on products we export to other countries will be difficult to mitigate even with the benefits of tax reform. And this does not take into account the latest and additional proposed tariffs, nor does it include the indirect costs that, inevitably, will be passed through to us and other companies like us by suppliers.
    The last sentence says it all.

    American workers and their families will be the real casualties of a trade war.


    Read the article here: https://www.nytimes.com/2018/07/25/o...ring-jobs.html
    222lifer likes this.

  2. #82
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,429
    Rep Power
    335

    Default Re: Tariffs and trade !

    Can any business afford to lose not only profits, but future sales ?
    This borders on insanity. You can't expect any company to lose money, much less any projected profit.
    Farmers spend money up front hoping to turn a profit upon the sale of their product. Without a profit the next years crop may not be harvested.

    Cherry growers bear brunt of tariffs
    Cherry growers in the Pacific Northwest were hit hard this harvest after a second wave of Chinese tariffs placed on their products, forcing farmers to redistribute their crops in the middle of harvest – or face heavy losses.
    The crop is an important one for the state’s economy. Washington exported $304 million in cherries in 2016 – a 10.9 percent increase from 2015.
    The success of the crop depends on a fast turnaround from picking to shipment, which became a significant problem during this year’s harvest. The Northwest Horticultural Council (NHC) estimates the strain caused by the trade war with China will result in the region’s cherry growers losing between $60 million and $86 million in revenue.
    China was the number one export for U.S. cherries in 2017, importing 12 percent of the crop for that year. For many producers, it was too late into the season to stop shipping to China.
    “It’s the lost revenue that is really unfortunate because cherry growers need to make money when they can … Some years, they can’t due to crop failure or market events.”
    A war that is so easy to win ... at a cost to those that can least afford it.

    Cherry growers bear brunt of tariffs - Lens
    222lifer likes this.

  3. #83
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,429
    Rep Power
    335

    Default Re: Tariffs and trade !

    Hold on folks. That war is easy to win, it takes time. While the financial burden is on the working class, the elite need not worry. Just hold on.

    China says Trump forces its hand, will retaliate against new U.S. tariffs
    Reuters - September 18, 2018

    BEIJING/WASHINGTON (Reuters) - China said on Tuesday that it has no choice but to retaliate against new U.S. trade tariffs, raising the risk that U.S. President Donald Trump could soon impose duties on virtually all of the Chinese goods that America buys.
    The Chinese commerce ministry's statement came hours after Trump said he was imposing 10 percent tariffs on about $200 billion worth of imports from China, and threatened duties on about $267 billion more if China retaliated against the U.S. action.
    The brief statement gave no details on China's plans, but Foreign Ministry spokesman Geng Shuang told a news briefing later that the U.S. steps have brought "new uncertainty" to talks between the two countries.
    "China has always emphasized that the only correct way to resolve the China-U.S. trade issue is via talks and consultations held on an equal, sincere and mutually respectful basis. But at this time, everything the United States does not give the impression of sincerity or goodwill," he added.
    Trump's latest escalation of tariffs on China comes after several rounds of talks yielded no progress. U.S. Treasury Secretary Steven Mnuchin last week invited top Chinese officials to fresh discussions, but thus far nothing has been scheduled.
    https://finance.yahoo.com/news/trump...001858216.html
    ABFwife and 222lifer like this.

  4. #84
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,429
    Rep Power
    335

    Default Re: Tariffs and trade !

    Every day I find more economic harm being done in this "tariff war".
    Farmers have always been the least able to withstand loses, as the product has mother nature to contend with first, then all the other factors that makes farming the hardest thing to do profitably.

    Foreign tariffs hurting some Maine apple growers
    GREENE (NEWS CENTER Maine) — The apple harvest has started, but for some of Maine’s largest growers the current trade war with China and other countries has soured their income.
    Large apple producers, such as Ricker Hill Orchards, depend on wholesale contracts with supermarkets and other large retailers. But those sales have become complicated by the U.S. trade war.
    China, Mexico and India have imposed large tariffs on U.S. apples. China is now at a 50 percent tariff, while India has instituted a 75 percent tariff — all in retaliation to new U.S. tariffs on other products.
    Harry Ricker said Monday that export sales have dropped, causing prices in the U.S to drop, which is hurting businesses like his.
    According to the Maine congressional delegation, the U.S. Department of Agriculture plans to buy about $93 million worth of apples, which should help some growers around the country.
    As you can see, the last paragraph tells us our tax dollars will now subsidize the farmers, to a small extent.

    https://www.newscentermaine.com/arti...s/97-595634290
    222lifer likes this.

  5. #85
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,429
    Rep Power
    335

    Default Re: Tariffs and trade !

    In case you don't know the full extent of the tariffs, here is an article detailing the tariffs, the percentages, and a list of exported items by commodity.
    Did you know 79% of the walnuts grown here is the US are exported ? Except now, there is a 25 to 40% tariff in China.

    Go ahead and read the article. Understanding what is happening to just the farmers should be enough to know how damaging this "war" is on every front.

    Trade—particularly exports—is critical to U.S. agriculture. A full quarter of U.S. farm products (by value) is exported. For some commodities, the percentage is even higher.
    Clearly, foreign demand for U.S. farm goods plays a huge role in farm income.
    Thanks to trade agreements that have reduced barriers to our exports, U.S. farmers and ranchers export more (by value) than farmers in any other country. In fact, the U.S. has a trade surplus in agriculture. Agricultural trade is a success for the United States. Unfortunately, this trade success story is at risk.

    Our farm exports—and the big chunk of farmers’ and ranchers’ income that comes from them―are threatened on three fronts.
    https://www.fb.org/issues/trade/advo...tariffs-trade/
    ABFwife and 222lifer like this.

  6. #86
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,429
    Rep Power
    335

    Default Re: Tarrifs

    Quote Originally Posted by RedRollingRoadblock View Post
    This company, which assembles TV's, will now stay open after a tariff exclusion by the government.

    Element Electronics wins tariff exclusion, won’t close plant
    Television manufacturer Element Electronics has won its appeal to be removed from a tariffs list and says it will not have to close its Winnsboro plant.
    Sen. Mike Fanning, D-Fairfield, was part of an ongoing S.C. legislative effort to convince President Donald Trump to exempt components made at the Winnsboro facility.
    Fanning said S.C. Gov. Henry McMaster’s office played a major role in securing the exemption, as did Mick Mulvaney, a former state legislator and current director of the federal Office of Management and Budget.
    Last July, Fairfield County lost more than 5,000 jobs after the abandonment of a project, co-owned by S.C. Electric & Gas and Santee Cooper, to build twin nuclear reactors at the V.C. Summer nuclear station. That same month, the closure of textile company DuraFiber’s Winnsboro plant eliminated more than 200 jobs.
    https://columbiabusinessreport.com/n...cturing/75201/
    ABFwife and 222lifer like this.

  7. #87
    I Am Rocking Now

    Join Date
    May 2008
    Local Union
    81
    Employer
    Retired; OHFL
    Location
    Oregon
    Posts
    2,193
    Rep Power
    289

    Default Re: Tariffs and trade !

    ABFwife and 222lifer like this.

  8. #88
    I Am Rocking Now

    Join Date
    May 2008
    Local Union
    81
    Employer
    Retired; OHFL
    Location
    Oregon
    Posts
    2,193
    Rep Power
    289

    Default Re: Tariffs and trade !

    https://www.nytimes.com/2018/09/21/b...-florence.html

    Homebuilders and contractors say the administration’s trade policy will add to the price increases that usually follow natural disasters. In addition to materials like lumber, steel and aluminum, the United States will impose tariffs on $200 billion in Chinese imports next week, including countertops, furniture and gypsum, a key ingredient in drywall. All told, some builders estimate that construction costs could be 20 to 30 percent higher than they would have been without these tariffs.

    “We’re all going to pay the price for it in terms of higher construction costs,” said Alan Banks, president of the North Carolina Home Builders Association.

    Perhaps the biggest impact will come from wood prices, which are up 40 percent from a year ago. The Trump administration imposed a 20 percent tariff on Canadian softwood lumber late last year, and supply shortages have also driven up prices.
    Way to help your base, Stable Genius.
    222lifer likes this.

  9. #89
    On A Mission

    Join Date
    Oct 2009
    Local Union
    429
    Employer
    NPME/YRC
    Posts
    14,009
    Rep Power
    917

    Default Re: Tariffs and trade !

    This should be an act of war.....another country blatantly influencing for themselves...The foreigners who are making money from us for decades have been doing this...and influencing politics and politicians and have done nothing but divide us and destroy us and take out our political advantages, voice and unions....I DON"T WANT TO HEAR ABOUT RUSIIAN INFLUENCE WHEN THIS STUFF HAS DESTROYED US....THE MARKET CANNOT COME ABOVE THE PEOPLE!!!!!


    National & World Ag News Headlines


    China Runs Four Page Ad Criticizing U.S. Trade Policies
    Wisconsin Ag Connection - National/World News - China Runs Four Page Ad Criticizing U.S. Trade Policies

  10. #90
    On A Mission

    Join Date
    Oct 2009
    Local Union
    429
    Employer
    NPME/YRC
    Posts
    14,009
    Rep Power
    917

    Default Re: Tariffs and trade !

    Quote Originally Posted by fxstc07 View Post
    In case you don't know the full extent of the tariffs, here is an article detailing the tariffs, the percentages, and a list of exported items by commodity.
    Did you know 79% of the walnuts grown here is the US are exported ? Except now, there is a 25 to 40% tariff in China.

    Go ahead and read the article. Understanding what is happening to just the farmers should be enough to know how damaging this "war" is on every front.



    https://www.fb.org/issues/trade/advo...tariffs-trade/
    I'm a Yankee and ag products never pay and never will.....it was the industry of slavery and stil is today(biggest supporters of illegal immigration which are slaves imo with no rights)...manufacturing needs precedence over ag.......or we end up right where free trade has brought us...with shelf stocking and retail jobs whcch can and will always pay nothing.

 

 
Page 9 of 44 FirstFirst ... 789101119 ... 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