Jura The idiot
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Today at 8:49 AM
Apple says US tariffs on China would hit 'wide range' of products
2018-09-08 17:41 GMT+8
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Apple says US tariffs on China would hit 'wide range' of products
2018-09-08 17:41 GMT+8
Trade War with China
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Jura The idiot
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Jura The idiot
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US businesses say China makes things great, again and again
By September 7, 2018
The trade war between the US and China currently stands at tariffs on $50 billion in goods imposed by both sides, and could soon see billions more in goods drawn into the fray. The comment period on the proposed list for ended Thursday (Sept. 6) night, and the US must now decide what it will do next.
Nearly 4,000 comments have been sent to the office of US trade representative Robert Lighthizer, most of them seeking to get categories of products off the list, arguing that many of the proposed tariffs will lead to higher prices for consumers—or worse, to their businesses failing—because of their inability to source good alternatives in a timely fashion. Selected businesses and trade groups spoke before Lighthizer in over a week of hearings that started Aug. 20 and have produced some 500 pages of transcripts per day.
The and offer a glimpse into multiple corners of the US economy that stand to be affected if the trade war deepens drastically. Over and over again, many US businesses echoed a common refrain: Nobody does what we need better than China.
Here’s a sample of their remarks.
Internet of Things devices
Aaron Emigh, the CEO of , which recently started selling that’s designed in the US and manufactured in China, explained that the quality and finish of products made in China is higher than other countries his company evaluated:
We did an evaluation of where we would build the device, before we knew about the tariffs, and looked at a lot of different countries as possibilities. China is unique for several reasons. First, the quality of construction that’s available in China is extremely high. This is very important for consumer products, where fit and finish is very important. And many of the low-cost countries, like Vietnam or Indonesia or places like that, we felt didn’t have the capability of building products to that level of fit and finish.
Leather furniture
David Mathison is the cofounder of , a firm based in the furniture hub of Hickory, North Carolina, that exports American hides to China to be turned into upholstery and finished furniture:
[T]he quality of the workmanship, the labor, in China is better than anyplace else in the world. We do business in other countries beyond China. We buy a lot of and bring a lot of leather from Italy. We bring a lot of leather from Brazil. We bring a lot of leather from places like India. But we have looked in many different places to make the handcrafted leathers that I mentioned earlier. But Chinese labor is way better and there is no comparison, and I would say if I was going to put together a team of labor it would – first, second, third, fourth and fifth choice would be China and nowhere else.
Luggage, handbags, wallets
Ross Bishop, president of San Rafael, California-based , a 10-year-old company that designs modular bags for pilots, asked the trade representative not to impose tariffs on trade category 4202, which covers a variety of suitcases, luggage, and handbags:
No other company is doing what we do. As with most companies in our HTS [Harmonized Tariff Schedule] category of 4202, our products are manufactured in China. The point of note here is not only have the Chinese been making most of the world’s nylon bags for a long time, but I can tell you firsthand from working with five different Chinese factories and from my many personal visits to them in China that they are really good. In fact, if you pick the right factory, as I’ve done, they are actually artists.
Speaking on the same product code on Aug. 20, Karen Giberson of the Accessories Council said:
We anticipate that certain other countries as India will be eventually an alternative to China for leather. However, they do not yet possess the resources, trained workforce, infrastructure, or capability to absorb the volume of product currently produced in China at the same quality and competitive prices.
Prom and wedding dresses
Stephen Lang, of the American Bridal and Prom Industry Association, said the demand for ever-more embellished dresses requires a labor pool and skills that only China—he called their workers the “oil” of the global economy—can provide:
Nobody wants to do this work, and the reason it went offshore 30 years ago is the increasingly difficult issue of trying to make dresses for people with all the thousands of hand-sewn beads they want and not have to pay $10,000… I can’t find people that will do hand beading. I can’t make goods in Mexico. In our industry, $50 billion worth of volume comes out of China in terms of clothing – in Vietnam, $8 billion; Indonesia, less than $4 billion; India, less than $4 billion; Italy, $1.8 billion. If there were options to go outside of China, the entire world would. What we need to have done here you cannot—China’s the only place in town.
Wood flooring
Sam Cobb, CEO of Real Wood Floors:
There are certain products that are produced in China that simply can’t be produced elsewhere… There is large-scale production of engineered flooring in America, but it is almost entirely low-end commodity production. Further, a substantial volume of what is identified as American-made engineered flooring is produced using prison labor. And while I appreciate what good prison industry programs accomplish, the fact that subsidized labor is a necessary component of U.S. flooring manufacturing gives a clue as to why products continue to be made elsewhere.
That said, several businesses also testified in favor of keeping certain products—and in some cases suggesting adding more, such as food packaging and outdoor gas grills—on the list.
There is a reason why you can not buy (or hard to buy) passenger car as company asset, without keeping a detailed tally of usage. In same country : )
But I don't have experience with the Chinese taxation system for businesses, if you can share the details of rules for say LTD car buying rules then it would delight me.
Data show that.
IF you use as anchor the VAT then they pay way less income tx per output thn say UK.
C'mon, Chin was allays bigger than the whole europe + usa together.
I don't think that the decadence of Empress Dowager Cixi required more resources than than say the population of France .
The population equivalent of USA, UK and Germany should take care of a military in your world : )
I mean, Chin organisation and per capital capability ( efficiency) is inferior compared to the Europeans/ North Americans .
It improved lot in the past 110 years, but there is still long way to go.
Beijing’s Three Options: Unemployment, Debt, or Wealth Transfers
manqiangrexue
Brigadier
OK I see you've moved to a different topic completely like you always do when you lose but I will just recap the previous conversation:
You made the clearly false statement that Chinese people shouldn't care if other Chinese or if Americans get richer. That is and was easily proven false because richer citizens increase the resources of the country that are available to the government for defense and societal progress. Of course, corruption is also an issue; it's just that you were the only one talking about it. Everyone here understands that to have a strong country, you need to reduce corruption and increase national assets/economic activity. The former is the efficiency and the latter is the power; you can leave neither out of the equation. While you said that wealth is unimportant, we disagreed, and you somehow interpreted that to mean that we think corruption is unimportant. That's your reading comprehension issue. Now it stands that both corruption and economic development are important; your original statement that it makes no difference whether China or America got richer to an average Chinese is clearly defeated (though it was self-defeating from the beginning). Let's move on.
You made the clearly false statement that Chinese people shouldn't care if other Chinese or if Americans get richer. That is and was easily proven false because richer citizens increase the resources of the country that are available to the government for defense and societal progress. Of course, corruption is also an issue; it's just that you were the only one talking about it. Everyone here understands that to have a strong country, you need to reduce corruption and increase national assets/economic activity. The former is the efficiency and the latter is the power; you can leave neither out of the equation. While you said that wealth is unimportant, we disagreed, and you somehow interpreted that to mean that we think corruption is unimportant. That's your reading comprehension issue. Now it stands that both corruption and economic development are important; your original statement that it makes no difference whether China or America got richer to an average Chinese is clearly defeated (though it was self-defeating from the beginning). Let's move on.
You'd be wrong. The decadent culture of the Empress spread to all of China. All of her officials were decadent. Nobody devoted money to the military; they all wanted more money for fun. The Empress was not decadent like Kim Jong Un; she did not simply eat a lot of expensive food and order millions of dollars of foreign liquor/cigars. The Empress was decadent in that she regularly ordered new palaces and national parks to be built to entertain her and her officials. Millions of square meters of silk and garments were ordered to adorn these places and once again, her officials all squandered China's wealth just like her. They'd party France poor overnight. That is why it was Chinese culture that was decadent, not just one person. Your understanding of China is too poor to discuss intelligently here.
I don't know what that "English" means but a large, military without guns will easily lose to a much smaller force with firearms; this is almost as obvious as the previous point that richer citizens contribute to a better-equipped country. So once again, the mentality of China was to live lavishly, perceiving no threat when she should have been focused on military and scientific development for centuries years in preparation for meeting the Europeans who came to China with only the most insidious intentions.
Exactly! Per capita wealth was low and that's (one of the reasons) why China was weak under its last dynasty! You agree that wealth is important! Congratulations to your improvement!
There is and always will be a long way to go regardless of how far it has come because the mentality of China now is to always improve because there are rival nations in the world waiting to eat your lunch. But as for the comparison of corruption/organization in comparison to the West, that is once again, your speaking without understanding Chinese politics again. First of all, China's current government has gotten far more accomplished than any other government in the world in such a short span of time (far surpassing Europe's anemic "development"); those results are undeniable. And secondly, at least China doesn't have a president that colluded with a foreign hostile power to win over the election against the will of is own citizens and then bring his children and the rest of his family into politics. That's corruption king there; the Chinese stare in awe
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Jura The idiot
General
Today at 9:01 AM
Economic Watch: China's trade sees solid growth despite U.S. tariffs
Xinhua| 2018-09-08 20:15:24
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Economic Watch: China's trade sees solid growth despite U.S. tariffs
Xinhua| 2018-09-08 20:15:24
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