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Started By
Message
So the tariffs have been executed, but not on goods in transit?
Posted on 5/10/19 at 12:41 am
Posted on 5/10/19 at 12:41 am
I heard this quip on the news, it wont affect "goods in transit" meaning basically a month delay. Anyone else hear this?
Edit: Found my answer, any chini goods shipped the 10th of May or after. So if it was FOB chini before Friday and on the water headed here its not subject to the 25%.
Edit: Found my answer, any chini goods shipped the 10th of May or after. So if it was FOB chini before Friday and on the water headed here its not subject to the 25%.
This post was edited on 5/10/19 at 12:50 am
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Posted on 5/10/19 at 1:18 am to trinidadtiger
That's fair IMHO. Now an importer can evaluate if the market will support the higher prices on chinese goods, and decide if they want to order more.
Posted on 5/10/19 at 1:38 am to auggie
Here is where your strength can also be your weakness. We import such a variety of goods, the categories we picked are those most vulnerable to pricing, like holiday ornaments. The supply chain can easily be moved to India, Malaysia etc.
And once that happens, chini does not lose the sale, they lose the industry for good.
I do hope more quality goods manufacturing shifts back to the states, companies like Carrier make shat products when produced outside the US, same with a lot of US brand names.
They will retaliate, probably today, then we will look at the remaining 350 billion in goods.
This, combined with seriously clamping down on their cyber theft will have a devastating effect on the chini economy which was precarious at best.
This had to be done, would not have been nearly as painful if it had been addressed over a decade ago.
And once that happens, chini does not lose the sale, they lose the industry for good.
I do hope more quality goods manufacturing shifts back to the states, companies like Carrier make shat products when produced outside the US, same with a lot of US brand names.
They will retaliate, probably today, then we will look at the remaining 350 billion in goods.
This, combined with seriously clamping down on their cyber theft will have a devastating effect on the chini economy which was precarious at best.
This had to be done, would not have been nearly as painful if it had been addressed over a decade ago.
Posted on 5/10/19 at 5:36 am to trinidadtiger
quote:
This had to be done, would not have been nearly as painful if it had been addressed over a decade ago.
And would not have been done under any other President.
As a business that imports goods from China let me tell you, they needed us more than we need them and a lot of China industry is already gone or going away, China made a colossal mistake in underestimating Donald J Trump and they will pay for that mistake for generations
Posted on 5/10/19 at 6:56 am to trinidadtiger
There were similar guarantees the last time around. Get orders in by "x" date to avoid the possible tariffs. If they did kick in China would eat the cost.
They are already in CYA mode lowering prices on product to cover the extra 15%.
In other words the Chinese Govt is going to eat part of that 15% and not the American taxpayer as I B abitch and 90 proofidiot would lead you to believe. The Chinese depend on us for their economy and they won't frick that up.
They are already in CYA mode lowering prices on product to cover the extra 15%.
quote:
Dear MrLarson
Good day!
We're sorry to tell you that tarriffs under the September 2018 action increase to 25% on May 10th, 2019. official news today. Web: LINK
We will double check the best way to lower our production costs for you, on the other hand, the tarriffs policy is still possible to delay, Trump is changing his mind every day, we will keep you updated if any further news.
The price with 25% tarriffs could be sent for your reference if you want.
Feel free to contact me if any questions.
In other words the Chinese Govt is going to eat part of that 15% and not the American taxpayer as I B abitch and 90 proofidiot would lead you to believe. The Chinese depend on us for their economy and they won't frick that up.
Posted on 5/10/19 at 6:59 am to trinidadtiger
Have you heard how many dead in the streets expectation levels yet?
Posted on 5/10/19 at 7:02 am to trinidadtiger
quote:.
350 billion in goods.
I see what you did here
Posted on 5/10/19 at 7:06 am to trinidadtiger
I bet yesterday was the busiest China export shipping day of the year
Posted on 5/10/19 at 7:06 am to trinidadtiger
This is reasonable.
It gives sellers and buyers time to plan accordingly.
It gives sellers and buyers time to plan accordingly.
Posted on 5/10/19 at 7:07 am to BestBanker
quote:I B Chinaman hasn't come a runnin yet.
Have you heard how many dead in the streets expectation levels yet?
Posted on 5/10/19 at 7:10 am to trinidadtiger
How many on here are aware of the extreme pain China is going to be feeling because of the African swine flu?
China has already lost more hogs to ASF than the US has in total. That’s correct, if the ASF was in the US on the same scale we would have zero hogs.
There is a protein cliff the Chinese are facing on top of everything else.
China has already lost more hogs to ASF than the US has in total. That’s correct, if the ASF was in the US on the same scale we would have zero hogs.
There is a protein cliff the Chinese are facing on top of everything else.
Posted on 5/10/19 at 7:51 am to Mid Iowa Tiger
quote:
How many on here are aware of the extreme pain China is going to be feeling because of the African swine flu?
China has already lost more hogs to ASF than the US has in total. That’s correct, if the ASF was in the US on the same scale we would have zero hogs.
There is a protein cliff the Chinese are facing on top of everything else.
I saw that Iowa, and the cost of chicken has skyrocketed.
Here is the irony, US pork is one of the things chini put a tariff on, and Smithfield, the largest US producer of pork, is owned by the chinese......Im certain they got a break on the tariff but that right there is funny.
Posted on 5/10/19 at 7:58 am to MrLarson
quote:
In other words the Chinese Govt is going to eat part of that 15% and not the American taxpayer as I B abitch and 90 proofidiot would lead you to believe. The Chinese depend on us for their economy and they won't frick that up.
Mr. Larson,
I deal in international trade, and I tried to explain this many times. I have been in "chinas shoes" when some govt changes the tax structure. You get with your customer and say, well I think the end consumer can afford 5% increase, Ill eat 15% if you as the importer eat the other 5%.
This nonsense where they pick out one product, or one company, like Harley Davidson, and blame the tariff on their price increase, are just companies ripping you off.
The problem chini has, many of the goods with the tariffs were purposely picked because they are products with typically low margins because they are low tech easily transferable supply chains. Either eat the margin or lose the business.
Posted on 5/10/19 at 7:59 am to MrLarson
quote:
In other words the Chinese Govt is going to eat part of that 15% and not the American taxpayer as I B abitch and 90 proofidiot would lead you to believe.
What position are you trying to attribute to me? Of course the burden will fall partially on Chinese producers and their government. Even I was surprised by the high amount that Americans have borne on the ones so far!
Posted on 5/10/19 at 8:01 am to trinidadtiger
Good thing we got a big shipment out last week.
This will definitely affect my place of work, but I’m all for it.
Have definitely heard a lot of bitching though. Everyone will get over it.
This will definitely affect my place of work, but I’m all for it.
Have definitely heard a lot of bitching though. Everyone will get over it.
Posted on 5/10/19 at 8:08 am to 90proofprofessional
You have bitched and moaned since Jan 2017 about trade and GDP.
You are 100% anti-Trump and anything he does.
He could cure cancer and you'd pull a graph out of your arse that shows him at fault.
You are Brian Stetler.
You are 100% anti-Trump and anything he does.
He could cure cancer and you'd pull a graph out of your arse that shows him at fault.
You are Brian Stetler.
Posted on 5/10/19 at 8:09 am to MrLarson
quote:
You have bitched and moaned since Jan 2017 about trade and GDP.
i'll take your waffling about what you claim I've said as an admission that you were lying
Posted on 5/10/19 at 8:14 am to 90proofprofessional
quote:
i'll take your waffling about what you claim I've said as an admission that you were lying
Please.
Your quaterly threads about GDP sum you up. You cheer for failure for this administration.
Posted on 5/10/19 at 8:19 am to trinidadtiger
No word from I B so it must be a good idea
Posted on 5/10/19 at 8:21 am to MrLarson
quote:
Please.
please what? please quit pointing out how you just lied about things I "would lead you to believe"? how bout no
quote:
You cheer for failure for this administration.
what failure? the failure to reach a deal after more than a year of our tariff announcments? i'm not cheering i hate itThis post was edited on 5/10/19 at 8:23 am
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