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| Donald Trump |
He
believes that they will enable the U.S. to start reducing the large amount of
debt accumulated throughout Barack Obama’s administration. Trump also cited the
steep fall in Chinese equities as evidence that tariffs are working. In his
opinion, they will make the U.S. much richer than it currently is and that
“only fools would disagree”.
The
tariffs so far are approximately on $85 billion of imported goods. Assuming a
25% tariff, it would raise $21.25 billion. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
This number represents 1.33 % of the $1.6 trillion in additional debt President
Trump has accumulated since taking office in 2017 and only 0.1% of the current
$21 trillion in total debt. So, it doesn’t seem the imposed tariffs would
reduce the American debt substantially.
In our
opinion, a large portion of the tariffs will be paid by U.S. consumers and we
also expect CPI figures to begin reflecting these higher prices, especially if
Trump’s administration imposes additional tariffs on $200 billion of Chinese
goods. Rising inflation leads to higher U.S. interest rates, translating into
higher cost of borrowing and debt servicing. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Several
U.S. companies have cut their profit forecast as a result of these tariffs,
especially car makers; shares of GM, Ford, and Fiat Chrysler fell sharply after
announcing their results. Other U.S. companies affected by Trump’s global trade
war include Tyson Foods, Harley Davidson, United Technologies, Caterpillar and
Coca-Cola, among several others.
This
explains why the S&P 500 failed to reach a new record high, despite 81% of
companies so far managing to beat their profit forecast in one of the best
earning seasons in history. Given that we’re almost at the end of earning
season, trade wars will return to dominate the headlines. The next big risk is
likely to be the U.S. midterm elections in November. We think there’s a high
chance that the Democratic Party will take over the U.S. Congress and end the
Republicans’ single-party control. This won’t be good news for equities, and we
expect to see rotation to non-cyclical stocks and an increase of cash in
investors’ portfolios.
Have you heard this? Many
Nigerian exporters have been defrauded of huge amount of money in the process
of exporting commodities to foreign countries. Do you know why? They were not
trained on export operations, management, documentations and the best methods
of payment in export trade. This is terrible!!! Nigerians cannot continue to
lose money to foreigners in the course of export business. Exporters, why don’t
you get a practical manual that teaches the stages of export trade from
processing and packaging of commodities to receipt of payment by the foreign
buyers. It teaches export operations, export management, export documentations
and methods of payment in export trade? It is a contemporary step-by-step guide
to export trade. It tells all the contemporary dynamics in export trade. To get
it, click on the link below:
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