There are examples across multiple industries
and many individual companies that can already document all kinds negative effects. I could spend half the day providing individual examples just in the seafood industry. China has already retaliated against the U.S. and picked seafood (and several other ag products) to target. There are many U.S. seafood companies who worked their tail off in recent years to open good export markets to Chinese consumers. It is highly likely that the U.S. is going to pick an increased range of items now from China to "retaliate against their retaliation" and just the talk alone from this threat has created chaos in our markets with all kinds of inflationary pressures on items that we can grow more or catch more ourselves. It is a sad joke to see comments like those from Wilbur Ross recently saying some of the stories he is hearing are troubling because really, they have been so "smart" to calculate just how marginal effect the tariffs should have on individual items and it is concerning to see what must be predatory or unseemly behavior in some industries. For all of the "brilliant" business experience this administration is supposed to possess, they know virtually nothing about how the real world in the day-to-day with global manufacturing and trade.
It is also creating all kinds of pressure and even animosity between business partners across borders. Nobody is blaming each other personally, but it is flushing years of goodwill down the toilet. Absolutely asinine
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In response to this post by WahooMatt05)
Posted: 06/25/2018 at 10:19AM