| |
At 1:26 am on August 1st, US time, there were four tweets on Trump’s Twitter account. The main content was that he announced that he would start to add 10% to the $300 billion Chinese exports to the US on September 1. tariff.
Although Trump is good at "changing his face" and expecting the US to change his face, but in such a short period of time, without any warning, he turned his face again. It is indeed some underestimation. I have discussed this topic with many friends and I feel the same.
Trump’s negative impact on the US’s rebellion may not be clear to Trump. First, so far, the US market and US companies have the most direct response. The US's willful actions have hit the US stock market and even the global market. Everyone can see it in these two days, and not much to say. The first to stand up against the increase of tariffs is the American company. On the 1st, four major US retail trade organizations issued a statement criticizing Trump's new round of taxation measures. Franci, vice president of the National Retail Federation, said that he was disappointed that the Trump administration doubled its bet on the flawed tariff strategy, which has caused the US economy to slow down, causing uncertainty and curbing investment. Guo Qi, vice president of the American Retail Industry Leadership Association, said that the new 10% tariff is a direct blow to US consumer goods and household budgets, and American families should not become pawns of trade wars. Priest, president of the American Footwear Distributors and Retailers Industry Association, said that President Trump’s new round of tariff increases is actually taking advantage of the US family as a hostage for trade war negotiations. Lamar, executive vice president of the American Apparel and Footwear Association, said that the clothing produced in China accounts for 42% of the US market, and footwear accounts for 69%. The taxation measures will hit American consumers far more than Chinese manufacturers.
Jewelry, gifts and other consumption in the United States are under tremendous pressure. Jewelry, gifts, jewelry packaging, including jewelry boxes, jewelry pouches, gift wraps, gift boxes, gift bags, etc., 60% from China, plus tariffs, extremely large increase in costs led to soaring sales prices, which greatly increased the purchase of jewelry by Americans And the cost of the gift. This increases the level of consumption in the United States and makes the American people spend more money. This should not be acceptable to the American public.
|
|
