President Donald Trump served up $200 billion in tariffs on imports from China on Monday that will go into effect almost immediately as he launched the latest volley in the escalating trade war between the two countries.
Pimax need to have their logistics sorted out rather quickly or else this could impact US Backers and the rest of us due to increased international tariff costs. Somebody has to pay it and my guess is everybody but Pimax.
It may even delay deliveries if China counters this with delayed exports (as mentioned in the article)
Yes, probably. But the 10% then 25% tarrif on Chinese exports to the US could be spread across the globe?. So a $750 HMD may cost (at max) $1000 to US customers if electronics are somehow affected by this. We have both US and China imposing restrictions which could affect world markets.
China’s ‘counterattack strategy needs to restrict exports to the United States as well as (imports of) U.S. goods,’ Lou was paraphrased as saying.
If you look at the list posted by the US gov’t, it’s for a strange list of agricultural products and electronic components. While parts to make electronics are included in the tariffs, finished electronics are not included. This is why Apple products will still be able to enter the US tariff free (well, minus the Apple tax ;-)).
However, I didn’t read the details of the Chinese response.
That orange clown is done soon, the so called witch hunt came up with all people being investigated pleading guilty. What would happen to the tariffs and laws he pass when he gets tossed in prison?(i really dont know and would like to know if someone knows).
He probably won’t go to prison. But in the outside chance (not a Trump supporter, but there’s close to no chance of getting enough Republicans in the Senate to vote for impeachment) that he get’s impeached, then President Pence can (or whoever is elected in 2020) change all of his Executive Orders with a stroke of a pen. The laws however will stand until struck down by the Supreme Court (not going to happen) or new legislation goes through Congress.
Interestingly enough, more Democrats supports Trump’s fight with China than Republicans! With or without Trump, the clash between the U.S. and China won’t end even if Trump simply disappears.
Senate Minority Leader Chuck Schumer (Democrat), who constantly attacks the president on every front… praised the tariffs… “China is our real trade enemy, and their theft of intellectual property and their refusal to let our companies compete fairly threatens millions of future American jobs. While we await further details on this trade action, President Trump is right on target.” - Schumer
Legal scholar differ on whether a President can be indicted for crimes committed before office (this is different than crimes related to the campaign). If he gets re-elected in 2020, the bulk of the possible financial crimes he’s suspected of will be past the statute of limitations.
Emphasis on “get” not “anybody”. Mueller is the investigator, not the judge. He has surely done amazing work with Manafort, Cohen, etc- and the team is incredibly capable in terms of pressuring these assholes to flip. But these people need to be indicted, and there needs to be a ruling and a sentencing. That all happens beyond Mueller. So particularly with Trump, Mueller will be able to report on his findings, but there needs to be a judicial process or some kind of constitutional protocol enacted beyond that.
Mueller could have all the smoking guns he wants, but for now so long as things remain as they are, odds are incredibly slim that anything happens to Trump. Of course there will be new issues arising with the NY DA- apparently Trump can be pursued on the state matters. And of course if Dems do well in the midterms, then impeachment becomes more plausible. And finally, there may come a point where Trump is compelled to resign altogether. Mueller will have been considered one of the most crucial components, but he is not the last say by a long shot.