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Submitted via IRC for Bytram
Trump's 15 percent tariff on Chinese goods kicks in
It's the first day of September, marked by a new round of tariffs on Chinese imports, which went into effect Sunday. In latest escalation of the trade war with China, the Trump administration has slapped a 15% tariff on $112 billion worth of Chinese goods (PDF), something consumers can expect to feel when buying everything from milk to diapers to some China-manufactured tech products like the Apple Watch.
But on Aug. 13, the USTR said it would offer a temporary reprieve to a batch of about $160 billion products (PDF) like laptops and cellphones. Those goods won't be subject to the new tariffs until Dec. 15 -- an attempt to blunt the impact of the duties on the holiday shopping season. Trump later raised the new tariff on Chinese goods to a 15% rate rather than the initial 10%.
China retaliated Sunday with its own tariff plan taking effect at 12:01 p.m. local time. It's rolling out higher tariffs in stages on a total of about $75 billion in US goods like soybeans and crude oil. It'll also resume an extra 25% duty on cars imported from the US on Dec. 15.
(Score: 0) by Anonymous Coward on Thursday September 05 2019, @05:57PM (4 children)
Let's suppose I am a big and well established global corporation, producing some stuff for consumers. And being so, I am asking myself, Which market provides more consumers, USA or China?
(Score: 2) by hemocyanin on Thursday September 05 2019, @06:09PM (2 children)
What -- a bubble financial plan? A loss on every sale but make it up on volume?
A better question to ask: which country has more consumers who can pay for the product.
That's probably still the US but if we finish the process of moving all jobs overseas, nobody will be left to buy anything.
(Score: 2) by DannyB on Thursday September 05 2019, @07:05PM (1 child)
Those who can pay must have a steady job. Therefore they fall into the worker category and must be moved (or their job moved) to a different country. To save money!
Those who do not fall into the previous worker category are therefore consumers who buy the goods made in other countries. If they have money to buy those goods, then they must have an income which probably puts them into the worker category to be relocated (or their job relocated) to a different country.
It's a simple plan. It is easy for anyone to see how amazingly successful such a plan would be a saving corporations money.
To transfer files: right-click on file, pick Copy. Unplug mouse, plug mouse into other computer. Right-click, paste.
(Score: 2) by c0lo on Thursday September 05 2019, @09:12PM
FTFY - a job is a mean, not an end.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 1, Insightful) by Anonymous Coward on Thursday September 05 2019, @06:15PM
A lot of Chinese are still poor and rural. U.S. population is trending towards 500 million and China will decline to under 1 billion.
Your global corporation is also going to have its trade secrets stolen and products copied if it isn't careful with China.