Posted on 10/31/2018 12:13:33 PM PDT by TBP
U.S. small businesses and the overall economy have benefited tremendously from the tax and regulatory relief implemented by Congress and the Trump administration. Unfortunately, President Trump’s trade policies, including a mounting trade war with China featuring higher tariffs, work against enhanced growth and opportunity.
Argus Media recently summarized the state of trade policy between China and the U.S.: “The latest, third round of U.S. tariffs and Chinese counter-tariffs went into effect on 24 September. The U.S. tariffs now cover about half of overall imports from China, and the U.S. administration has a fourth round of tariffs ‘ready to go’ on the remaining $267 bn/yr of imports. China has imposed tariffs on around $110bn/yr of products from the U.S., equivalent to 70 percent of total imports from the country.”
Make no mistake, this very much is a small business issue. For example, exporting to China largely is about small and mid-size enterprise. Among U.S. employer firms exporting to China (based on U.S. Census Bureau data), 53.8 percent have fewer than 20 employees, 68.7 percent fewer than 50 employees, 78.4 percent less than 100 workers and 92.1 percent fewer than 500 employees.
The story is similar when it comes to U.S. firms dealing with imports from China, with 43.3 percent having fewer than 20 employees, 55.7 percent fewer than 50 employees, 65.3 percent less than 100 workers and 83.0 percent fewer than 500 employees.
(Excerpt) Read more at washingtontimes.com ...
“Dollars!! Taxes!!”
“Hey I got an uncle that lives in Dallas, Texas!”
Have EVERY movie they ever made in two sets :)
But my most recent laptop purchase doesn’t have a DVD player!
The tariffs are really hurting the US Lumber business. About 60% of our red oak is shipped to China. When the exporting stopped, the mills had no where to ship their production which flooded the American market which caused pricing to implode. It is playing hell on small to midsize family lumber businesses. Hoping China blinks after the midterms.
I have been noticing the price of lumber dropping which I thought odd with a strong housing market. DLD
“I have been noticing the price of lumber dropping which I thought odd with a strong housing market. DLD”
I should have been more clear in my comment. I was referencing hardwood lumber, not pine or construction type lumber.
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