Donald Trump’s duties of Donald Trump’s imports from China will soon cause irreversible damage to many American companies. TASR informs this based on the CNBC report. US President Trump on Saturday (April 12) forgave duties to import smartphones and other hardware from chips to computers but For most of the US economy and small entrepreneurs, the damage caused by 145 % will soon be irreversible for Chinese imports.
According to the heads of supply chains, the interference of goods orders and the stopping of goods from China are quickly becoming the standard in the trade war between the US and China. Companies in various sectors of the US industry have completely stopped container exports.
“Furniture manufacturers in China have recorded a complete stop of orders from US importers And we listen to the same in the field of toys, clothing, shoes and sports equipment, ”said the founder and head of Sea-Intelligence Alan Murphy.
“We have seen the same development in Southeast Asia, but after a 90-day postponement on duties, these orders started again,” SEKO SEKO SEKO LOGISTRICS BRIAN BOURKE. However, the disturbed import orders from China continues.
“Almost everything is suspended in terms of trade in China,” said OL US CEO Alan Baer. “At the unbearable high customs rates for imports from China to the US, many companies have no other way to cancel orders,” The head of the American Association of clothing and footwear manufacturers Stephen Lamar said.
“The constant changes mean that the new customs costs cannot be calculated or predicted until the goods arrive in the port, and high rates lead to accounts that companies cannot pay. This is not a risk or burden that small businesses can bear. ”
Since there is no alternative supply for many of these companies, especially for small companies, this sudden lack of orders will immediately be reflected in the loss of sales and extensive lack of products. “Extending the pause in the trade war to import from China to the US is now necessary before the damage is irreversible,” added Lamar.
