Meixin Comb Brush Machinery
A leader in this industry ,specializing in brush making machine line for more than 14 years.
consumers could be collateral damage if us expands tariffs
by：MX machinery
2019-08-24
WASHINGTON —
For many Americans, President Donald Trump\'s trade war may soon become very real.
His government is prepared to impose a 25% tariff on almost all Chinese imports that have not yet been subject to tariffs, including toys, sneakers, shirts, alarm clocks, toaster and coffee machines.
In addition to the $300 billion previously targeted, this is about $250 billion worth of products.
\"The government has decided to declare a tax on every product from China, which puts the entire economy at risk,\" the retail leaders association said in a statement . \".
\"American shopping carts will become more expensive.
Trump\'s tariffs are intended to put pressure on China in trade talks.
The two countries held 11 rounds of talks on allegations that the United States accused China of stealing technology, forcing foreign companies to surrender business secrets and unfairly subsidizing their own companies to challenge the United StatesS.
Technological advantages.
Office of the US government. S.
On Monday, the trade representative released a list of 3,805 products that could be hit by 25% tariffs for the first time.
The list includes tuna, pacifier, saw blade, flashlight, doorbell, billiards and golf cart.
Drugs and rare foods are not included
Earth minerals used in electronics and batteries.
The agency will make public comments and hold a hearing on the proposed tariff on June 17.
In the first few rounds of tariffs on Chinese products, the government tried to pay attention to so-
Called intermediate-
Components imported from the United StatesS.
The company is used to produce finished products.
This will change.
The company is ready to deal with the consequences. E-
Blox, an educational toy company located in Buffalo Grove, Illinois, imports toys from China and assembles and packs them in the United StatesS.
E-said: \"We are keeping a close eye on the next round
Joe Seymour, chief operating officer, Blox
\"It will be devastating.
He said he would lose sales if he tried to pass on the higher cost of the toy\'s new tariff to the customer.
He said the company\'s profit margin was not large enough to simply absorb tariffs. Could E-
Blox moved manufacturing back to the United States. S. —
As Trump suggested
Seymour said it would be difficult to avoid import taxes because the Trump administration has imposed import taxes on the Chinese plastic injection molding machines he needs to make toys in the country.
As far as China is concerned, it has fought back by imposing tariffs on the United States for $110 billion. S. products.
Trump shrugged off the tariff war on Tuesday.
\"We had some quarrels with China,\" he said at the White House . \"
Mary Lovely, an economist at Syracuse University, said it was unclear whether the expanded tariffs would force Beijing to give in to the United States. S. demands.
Chinese leaders have been trying to shift the economy from low to low.
A large share of the new $300 billion hit, margin consumer goodstech products.
Cutie says they may not want to sacrifice their technical aspirations to save jobs in industries that are not part of their plans. Some U. S.
Importers may try to switch to suppliers outside China, such as Vietnam and Indonesia.
But transformation is not easy.
As new suppliers replace experienced Chinese contractors, costs may rise and quality may decline.
\"We have all worked for more than 20 years and got the highest level of manufacturing safety standards from suppliers in China,\" said Jay Foreman, CEO of Basic Fun!
A toy company in Boca Raton, Florida, imported from China.
He said the company cannot simply switch to suppliers in India or Indonesia, nor can it transfer manufacturing to the United StatesS. either.
\"Shout out, unemployment is 3. 6%.
\"Who would want to draw their eyeballs on Marvel\'s action characters or Barbie dolls,\" he said . \".
\"This will not happen.
\"Some businesses are still affected by earlier tariffs.
At the luggage store in Lubbock, Texas, business dropped 6% from the same period last year.
\"People are still traveling and buying, but they just don\'t buy so much
Price points and higher price points, this is our bread and butter, \"said Tiffany Zarfas Williams, owner.
She had to give up her plan to hire extra people for the holidays.
As the trade war continues, she said, \"I don\'t know if we can add more people. ”——
Rosenberg reports in New York.
Joe McDonald, The Associated Press writer in Beijing, Anne de innocenzio in New York, and Jill Colvin in Washington contributed to the report.
For many Americans, President Donald Trump\'s trade war may soon become very real.
His government is prepared to impose a 25% tariff on almost all Chinese imports that have not yet been subject to tariffs, including toys, sneakers, shirts, alarm clocks, toaster and coffee machines.
In addition to the $300 billion previously targeted, this is about $250 billion worth of products.
\"The government has decided to declare a tax on every product from China, which puts the entire economy at risk,\" the retail leaders association said in a statement . \".
\"American shopping carts will become more expensive.
Trump\'s tariffs are intended to put pressure on China in trade talks.
The two countries held 11 rounds of talks on allegations that the United States accused China of stealing technology, forcing foreign companies to surrender business secrets and unfairly subsidizing their own companies to challenge the United StatesS.
Technological advantages.
Office of the US government. S.
On Monday, the trade representative released a list of 3,805 products that could be hit by 25% tariffs for the first time.
The list includes tuna, pacifier, saw blade, flashlight, doorbell, billiards and golf cart.
Drugs and rare foods are not included
Earth minerals used in electronics and batteries.
The agency will make public comments and hold a hearing on the proposed tariff on June 17.
In the first few rounds of tariffs on Chinese products, the government tried to pay attention to so-
Called intermediate-
Components imported from the United StatesS.
The company is used to produce finished products.
This will change.
The company is ready to deal with the consequences. E-
Blox, an educational toy company located in Buffalo Grove, Illinois, imports toys from China and assembles and packs them in the United StatesS.
E-said: \"We are keeping a close eye on the next round
Joe Seymour, chief operating officer, Blox
\"It will be devastating.
He said he would lose sales if he tried to pass on the higher cost of the toy\'s new tariff to the customer.
He said the company\'s profit margin was not large enough to simply absorb tariffs. Could E-
Blox moved manufacturing back to the United States. S. —
As Trump suggested
Seymour said it would be difficult to avoid import taxes because the Trump administration has imposed import taxes on the Chinese plastic injection molding machines he needs to make toys in the country.
As far as China is concerned, it has fought back by imposing tariffs on the United States for $110 billion. S. products.
Trump shrugged off the tariff war on Tuesday.
\"We had some quarrels with China,\" he said at the White House . \"
Mary Lovely, an economist at Syracuse University, said it was unclear whether the expanded tariffs would force Beijing to give in to the United States. S. demands.
Chinese leaders have been trying to shift the economy from low to low.
A large share of the new $300 billion hit, margin consumer goodstech products.
Cutie says they may not want to sacrifice their technical aspirations to save jobs in industries that are not part of their plans. Some U. S.
Importers may try to switch to suppliers outside China, such as Vietnam and Indonesia.
But transformation is not easy.
As new suppliers replace experienced Chinese contractors, costs may rise and quality may decline.
\"We have all worked for more than 20 years and got the highest level of manufacturing safety standards from suppliers in China,\" said Jay Foreman, CEO of Basic Fun!
A toy company in Boca Raton, Florida, imported from China.
He said the company cannot simply switch to suppliers in India or Indonesia, nor can it transfer manufacturing to the United StatesS. either.
\"Shout out, unemployment is 3. 6%.
\"Who would want to draw their eyeballs on Marvel\'s action characters or Barbie dolls,\" he said . \".
\"This will not happen.
\"Some businesses are still affected by earlier tariffs.
At the luggage store in Lubbock, Texas, business dropped 6% from the same period last year.
\"People are still traveling and buying, but they just don\'t buy so much
Price points and higher price points, this is our bread and butter, \"said Tiffany Zarfas Williams, owner.
She had to give up her plan to hire extra people for the holidays.
As the trade war continues, she said, \"I don\'t know if we can add more people. ”——
Rosenberg reports in New York.
Joe McDonald, The Associated Press writer in Beijing, Anne de innocenzio in New York, and Jill Colvin in Washington contributed to the report.
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