Alert Reader based in China and heavily invested in Chinese manufacturing brokerage reports that Trump tariffs are exactly what has been needed to bring the Chinese to the table so as to correct the imbalance that may have been fair 30 years ago but is grossly unfair to US companies and workers now.
He reports that over 100 factories have closed overnight as US companies have started cancelling orders that would not arrive in time to miss the new 10% tariffs that start 24 September, and that the Chinese government is under massive pressure to work with Trump to avoid triggering the 25% tariff rate that would be implemented on 1 January 2019 if talks do not progress.
Continue reading “Paper Tiger: China is Bluffing on Tariffs, Time to Invite Others to Bid UPDATE 1 Graphics Added”