cheap air maxcheap air max 95 cheap air max 95cheap nike air max
Welcome to Brilliant Global Logistics Group
cheap air maxcheap air max 95 cheap air max 95cheap nike air max
User ID



The cost of Trump’s tariffs has fallen ‘entirely’ on US businesses and households: Goldman
American Shipper
Post Date

Goldman Sachs said the cost of tariffs imposed by President Donald Trump last year against Chinese goods has fallen “entirely” on American businesses and households, with a greater impact on consumer prices than previously expected.
• The bank said in a note that the trade war’s impact on U.S. consumer prices is now higher than previously expected, partly because Chinese exporters have not lowered their prices to better compete in the US market
• “One might have expected that Chinese exporters of tariff-affected goods would have to lower their prices somewhat to compete in the US market, sharing in the cost of the tariffs,” Goldman said.

• Trump has repeatedly — and inaccurately — claimed that China will pay for tariffs imposed by the U.S.

“However, analysis at the extremely detailed item level in the two new studies shows no decline in the prices (exclusive of tariffs) of imported goods from China that faced tariffs.”
In addition, US producers have “opportunistically” hiked prices in response to protection from Chinese competitors, the bank said.
Goldman also said the risk of a final round of tariffs on the roughly $300 billion of remaining imports from China has now risen to 30%.
Further escalation of the trade war could also result in a 0.4% hit to GDP, and if trade tensions instigated a sell-off in the equity market, the growth impact could worsen, Goldman said.
“Our baseline expectation is that the U.S. and China will strike a deal later this year. We think this would come in the form of a gradual, staggered reduction in tariffs on a last-in, first-out schedule,” the bank said.
“There is, however, a risk of further escalation,” Goldman said.
Investors have been grappling with whether the trading relationship between the U.S. and China will actually worsen.
The most recent round of trade talks, which ed on Friday with no final agreement, was overshadowed by President Donald Trump’s decision to more than double tariffs on $200 billion of Chinese goods, from 10% to 25%.
White House Economic Adviser Larry Kudlow on Sunday said that Trump and Chinese President Xi Jinping will likely meet at the June G-20 summit in Japan. He said that he expects China to retaliate against the U.S., and acknowledged that the U.S. will pay for China tariffs.
Some traders are hoping that there’s still time to strike a deal, citing the notion that new tariffs are not applied to Chinese exports that were already in transit before the deadline, which provides more time before tariffs are applied to goods entering the U.S.

Post Date
China Quartz Surface Products.. American Shipper 06/19/2019
US footwear importers tap Vietnam at China’s expense.. American Shipper 06/17/2019
Tariffs, IMO 2020 promise a hectic peak season .. American Shipper 06/14/2019
APL to move to LA’s TraPac terminal.. American Shipper 06/14/2019
U.S. Trade Representative announces exclusion process.. American Shipper 06/13/2019
Duty Increase and Exclusion Process for List 3 and Im.. American Shipper 06/13/2019
Quartz Surface Products from China Injure U.S. Indust.. American Shipper 06/13/2019
Commerce Preliminarily Finds Dumping of Imports of Ma.. American Shipper 06/06/2019
The high cost of sourcing outside China.. American Shipper 06/06/2019
Few sourcing natives for Chinese household goods.. American Shipper 06/06/2019
Page : 1   2   3   4   5        [Next 5 Page]  Last Page : 133 ( 1 of 133  Total Pages )




cheap air max 97cheap air max 90 cheap nike air maxcheap air max
Brilliant Group Logistics INC.
159 N. Central Ave. Valley stream, NY 11580
Tel : (516) 599-2406 Fax : (516) 599-0528