Sino-US tariffs directly strike consumer goods

                                                                                    INQUIRY

      The tax hike hit consumers more directly than previous taxes on $250 billion worth of goods. Retailers rush to cut costs and find ways to minimize the damage to net profits. Wall Street analysts are trying to find out which stocks are most vulnerable to tariff shocks.
On Sunday, the United States began imposing 15% tariffs on a variety of Chinese goods, including footwear, smart watches and flat-panel television. China also began imposing new tariffs on American crude oil, and the Sino-US trade war escalated again. U.S. President Trump said talks between the two sides will continue later in September. Trump tweeted that his goal was to reduce U.S. dependence on China, and again called on U.S. companies to find alternative suppliers outside China.
Trump's tough stance and often contradictory signals in the trade war with China have dragged down Wall Street in recent weeks, especially those heavily dependent on Chinese corporate stocks.
The U.S. stock market rose sharply on Thursday after China's Ministry of Commerce said the two sides were discussing the next round of negotiations. However, since Trump announced on August 1 that it would impose tariffs in September, the S PDR S&P Retail ETF (XRT.P), which tracks S&P retail stocks, has fallen by 6%, while the S&P 500 index has fallen by 2%.
According to the industry group Consumer Technology Association, the additional tariffs imposed on September 1 cover $52 billion worth of consumer electronics products, including smart speakers, wireless headphones, and televisions.
The total value of consumer electronics products, including smartphones, laptops and video game consoles, will reach $115 billion on December 15, which will have a direct impact on technology industries such as Apple (AAPL.O), Microsoft (MSFT.O) and Hewlett-Packard (HPQ.N).


INQUIRY sales@hellerbearings.com
  • Details： Sino-US tariffs directly strike consumer goods

  • Like Model No.:

  • We cooperate with UPS,TNT,FEDEX,EMS,DHL,etc.They guarantee to meet your needs in terms of time and money,even if you need your Sino-US tariffs directly strike consumer goods bearing tomorrow morning (aka overnight or next day air) on your desk, 2, 3 days or more.Note to international customers, YES, we ship worldwide. INQUIRY -->

    Hot Model No.: