No. of Recommendations: 7
Now that Mad King Donald has flinched and blinked and chickened out yet again -- the White House repeatedly said "no exemptions" -- and Tim Apple's ass-kissing has paid off, we're saved right?
Umm, well.
Apple’s iPhone and other technology hardware, from chips to PCs, received a China tariff reprieve from President Trump on Saturday, but for most of the U.S. economy, the damage will soon be irreversible from the 145% tariffs being imposed on Chinese imports.
Canceled freight orders and abandoned freight from China are quickly becoming the norm in the trade war between the U.S. and China, according to supply chain executives, as businesses across U.S. industries put a full stop on container export, with the tariffs hitting like a ton of bricks.Furniture, toys, apparel, footwear, and sports equipment have seen a complete halt in orders from U.S. importers.
With his yo-yo tactic of changing tariff rates on a daily basis, Mad King Donald is putting small businesses at risk -- ones who don't have a high-profile Tim Apple to kiss his ass -- and seriously disrupting supply chains, which will immediately translate into lost sales and widespread product shortages.
cnbc.com - Trump tariffs on china mean irreversible damage for most businesses 