- 436
- 326
sadly this will be the case with most companies that already have factories outside the US, this clown thinks companies are just going to eat the tariffs because he wants to "prove a point". These companies sit down with clients oversees and literally have no objection as to why they should pay the additional tariff or even split the difference. It literally boils down to "...well, your president made this happen?". Its headed to that tipping point, every sector on a hotchart this morning opened and closed red, so did every market across the world.
Not to mention China isn't budging in fact they're going completely the other way by talking trade with france and the EU...which we just happen to also be in a trade war with. Somebody somewhere needs to hit the pause button.
http://europa.eu/rapid/press-release_IP-18-4281_en.htm
European Commission - Press release
EU and China discuss economic and trade relations at the 7th High-level Economic and Trade Dialogue
Brussels, 25 June 2018
"I am confident that the exchanges we have had with my new counterpart, Liu He, have been useful in paving the way towards a successful EU-China Summit in the economic and trade field. I am particularly pleased with the progress achieved in our investment negotiations and look forward to an exchange of offers at the Summit."