openPR Logo
Press release

USA firms brace for major hit by retaliation tariffs

07-10-2018 11:08 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Bouchard Fintech

/ PR Agency: Bouchard Fintech
By Bouchard Fintech

The likelihood that that USA would be imposing tariffs on China was clear for all to see. After all, China has a massive trade imbalance with the USA and exports far more products and goods to the USA than it imports.
It was, however, something of huge surprise that the USA started to impose tariffs on imports from its closest allies and most trusted trading partners. The tariffs make even less sense when considering that some of the countries that the tariffs have been imposed on actually have a trade deficit with the USA. Yes, you read that correctly, it is the USA that has a trade surplus with some of the very countries that it is imposing tariffs on!
Given the above facts, it is not so surprising that many of the countries that the USA has imposed tariffs on are now retaliating with their own tariffs on USA made products and goods.
A striking example of how things can go wrong in the corporate world when tariffs are imposed haphazardly is with famed motorcycle icon Harley-Davidson. In the early days of the new administration, Harley-Davidson appeared to be the poster child for what a great American company is and what an amazing story of American manufacturing might.
However, when steel and aluminum imports were hit with import duties, Harley-Davidson was one of the first American manufacturers to be impacted. After all, some of the steel and aluminum used in making those bikes are imported from places like Canada. These tariffs raise the costs on motorcycle manufacturing and, effectively, make those Harley-Davidson bikes more expensive to make and, therefore, less price-competitive.
To make matters worse, many of the countries that have been hit with tariffs from the USA are now retaliating. Not surprisingly, many of those retaliatory tariffs target American iconic products including Harley-Davidson. With the European union imposing its own tariffs on Harley-Davidson that company has had to announce that it is slowing down production in the USA. Harley-Davidson has announced that it is ramping up its motorcycle production in other parts of the world.
Countries that have been hit by American tariffs are acting very strategically in where they target their own tariffs against the USA. Interestingly, Harley-Davidson is actually based in the home state of the Speaker of the United States House of Representatives. So, by targeting them, they are sending the Speaker a not-so-subtle message.
The research team at Bouchard Fintech has noted many other similar issues. Those tariffs are hitting key Republican states in order to put pressure on their representatives. That is why it is notable that Kentucky bourbon is being targeted since it is the home state of the Senate Majority Leader.
A noted example is soybean. The humble soybean is actually one of Americas' greatest farming exports. That is why it is so significant to note that soybean exports to China are already down by some 20 percent, so far, this year alone.
Then there is concern for pork exports from the USA. Mexico has confirmed that it plans its own retaliatory tariffs and that those tariffs will include American pork. Similar tariffs are being imposed on other products and goods coming from the USA.
It should be clear to see that the tariffs imposed by the USA hurt exporters in other countries. It is also clear that when those other countries retaliate against the USA, then it is American exporters that end up being financially hurt.
Last but not least, Bouchard Fintech experts want to point out that ultimately it is the consumers, both in the USA and in the retaliatory countries that will pay heavily for these tariffs. After all, the tariffs drive up costs of food, products and goods. Those same tariffs also reduce demand and end up costing workers wallets, income and even their jobs.
Bouchard Fintech

Finance

Toronto
100 King Street West, Suite 70,
Toronto,Ontario,M5X 1C9

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release USA firms brace for major hit by retaliation tariffs here

News-ID: 1116485 • Views: 92

More Releases from Bouchard Fintech

The Cultural Divide In The USA Is Holding Steady
Information researched and presented by Bouchard Fintech It has been seen, time and again, that the USA is a something of a house divided unto itself. To be sure, some of what is on display now is not entirely new. However, some of the intensity and the distrust between the competing camps appears to have reached new heights-or lows, depending on the perspective. In some ways, the USA has been divided
Bouchard Fintech
Information provided by Bouchard Fintech The US, at least this current administration, has mystified its European Union business and political partners. The EU represents one of the very largest economies on the planet. The EU is also very much a trusted ally of the US. The EU market continues to be a fertile ground for US exports. So, it was quite a surprise that the US seemed to be picking a
For Corporations To Succeed They Better Emulate The Approach Of VCs
Business research presented by Bouchard Fintech Successful companies are constantly working diligently and assiduously. They are continually looking to improve their products, their services, their customer satisfaction levels, their sales numbers, their profit margins and their return on investment. In reality, companies really have a complex number of mission-critical objectives that they must successfully juggle in order to succeed. For many companies, as part of their path to success they have
China May Have Hurt Innovation But Not By Much
Material written by Bouchard Fintech It is well-known that for the past couple of decades China has acted as a factory to the world. It is also common knowledge that many manufacturing jobs in both Europe and the USA were lost to China. The deeply cheaper labor costs in China were simply much too difficult to compete with. In more advanced economies, there are minimum wage standards and worker benefits that

All 5 Releases


More Releases for USA

Global Medical Wearable Market to 2025| Abbott Laboratories(USA), MC10(USA), Med …
Researchmoz added Most up-to-date research on "Global Medical Wearable Market Insights, Forecast to 2025" to its huge collection of research reports. The global Medical Wearable market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR of during 2018-2025. The objectives of this study are to define, segment, and project the size of the Medical Wearable market based on company,
Risk Analysis Management Market Outlook to 2023 – FireMon (USA), ForcePoint (U …
In this report, Publisher studies the present scenario (with the base year being 2017) and the growth prospects of global Risk Analysis Management market for 2018-2023. Risk and Vulnerability Analysis – including the ability to create virtual network maps and visualize network connections and analyze traffic flow Request for Sample of Global Risk Analysis Management Market 2018 Research Report: https://www.researchreportsinc.com/sample-request?id=232759 Over the next five years, Publisher projects that Risk Analysis Management will
Global Dental Milling Machines Market 2017- Geistlich (USA), ACE Surgical (USA), …
The Global Dental Milling Machines Market 2017 Research Report includes a complete and meticulous study of Dental Milling Machines industry covering different aspects like market volume, market Share, market strategies, Dental Milling Machines growth trends, variety of applications, utilization volume, demand and supply analysis, production capacity and Dental Milling Machines industry cost structures during Forecast period from 2017 to 2022. The report titled Global Dental Milling Machines Market 2017 provides the
Agrochemicals Market in USA
ReportsWorldwide has announced the addition of a new report title USA: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “USA: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
ENT 2017_Conference_New Orleans, USA
On behalf of Allied Academies, it is our pleasure to invite you all to the “5th American Otolaryngology - ENT Surgery Conference” during November 09-10, 2017. New Orleans, Louisiana, USA. The International conference offers a focus on “Emerging Trends and Innovations in Otolaryngology-ENT”. For more details, visit us: http://ent.alliedacademies.com/ The ENT 2017 will cover the various key issues related to Head and Neck such as Head and Neck Surgery, Otolaryngology (ENT),
Global Zinc Borate Market 2016 - Chemtura (USA), Borax (USA), AkroChem (USA), Ro …
Report On 2016 Global Zinc Borate Industry provides a deep analysis of the Zinc Borate market. Global Zinc Borate Consumption Price, Zinc Borate Market Size (Volume and Value) and End Users Analysis. In the beginning, (Worldwide Zinc Borate Market-2016) provides a basic overview of the Zinc Borate industry including definitions, classifications, applications and Zinc Borate industry chain structure. The Zinc Borate market analysis is provided for the international market, which includes