J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods | |
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Anonymous Coward User ID: 77937632 United States 08/20/2019 04:04 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan. Quoting: Anonymous Coward 69365160 The firm estimates the average annual tariff cost per household will increase from $600 from the first two rounds of tariffs. The new tariffs are scheduled to begin Sept. 1 and in mid-December. “What distinguishes China Phase III tariffs from preceding tariffs is the impact to Consumption and Capital goods whereas previous tariffs focused more on Intermediate goods,” J.P. Morgan head of U.S. equity strategy Dubravko Lakos-Bujas said in a note to clients. “This suggests that the expected consumer impact should be larger in the latest round.” The firm estimates that Trump’s new tariffs will cost Americans the majority of the tax break they are getting from Trump’s 2017 tax overhaul, which it estimates is around $1,300 per year. [link to www.cnbc.com (secure)] Left of Mao Hate Trump communist (CNBC) writes the smear. Right of David Duke Hate Trump Stormfags recycle left wing commie propaganda as right wing propaganda. Complete political coordination between Hate Trump political anarchists. Who would figure? I know this is wild, but lately I've been thinking maybe all these people claiming to be disgruntled former Trump supporters really are ROLCON. |
Anonymous Coward User ID: 77937632 United States 08/20/2019 04:06 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods But...but...Donald Trump says China's going to pay for it. Quoting: Anonymous Coward 60192884 Oh wait... https:/www.godlikeproductions.com/forum1/message4039886/pg1 ^^^^^^ Panic mode because of declass. Every fucking Hillary State Dept email on her private server was sent, not hacked, but sent to Chinese intelligence. That's why these paid consensus managers push eyes on Trump instead of Chinese intelligence/Hillary/Obama treason. Who benefits with a Trump take down? Oh, yeah. China. Who is Hillary, Feinstein, Biden and the rest of the DNC conspiring with to genocide our white asses? Oh yeah, China. These paid Hate Trump Chinese financed consensus managers work for white genocide of America for a pay check. Let that sink in. |
Anonymous Coward User ID: 77937632 United States 08/20/2019 04:09 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods Trump is the first president in over 40 years who has reversed the flow wealth, industry and technology from the United States to China. I'm glad you are happy with China one sided trade policies turning the United States into a 3rd world, post-industrial waste land. Do you get paid in Yen, motherfucker? |
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Anonymous Coward User ID: 27002896 United States 08/20/2019 04:10 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan. Quoting: Anonymous Coward 69365160 The firm estimates the average annual tariff cost per household will increase from $600 from the first two rounds of tariffs. The new tariffs are scheduled to begin Sept. 1 and in mid-December. “What distinguishes China Phase III tariffs from preceding tariffs is the impact to Consumption and Capital goods whereas previous tariffs focused more on Intermediate goods,” J.P. Morgan head of U.S. equity strategy Dubravko Lakos-Bujas said in a note to clients. “This suggests that the expected consumer impact should be larger in the latest round.” The firm estimates that Trump’s new tariffs will cost Americans the majority of the tax break they are getting from Trump’s 2017 tax overhaul, which it estimates is around $1,300 per year. [link to www.cnbc.com (secure)] Yes the initial cost will be higher. However, you will only need to buy the tool or item once or you will save money later from not needing to treat yourself or a family member) for heavy metal or other toxin poisoning. |
Anonymous Coward User ID: 343310 Canada 08/20/2019 04:11 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods and JPMorgan will be bust when the Fed is destroyed and the US dollar will be based on gold, not fiat debt. Quoting: Anonymous Coward 76140145 Never ever going back to a gold standard ever. Because too many elite hoard the gold and everyone get stagnation and have no currency to conduct commerce so don't even fall for this shit. |
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TexasDon
User ID: 50962024 United States 08/20/2019 04:13 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods JP Morgan Chase is only interested in Globalism. This is the same company the defrauded billions from Tax Payers and Customers, but then only got fined a few million dollars. |
sandman1
User ID: 77035745 United States 08/20/2019 04:23 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods And the Demorats Take $3000 a month $36,000 a year from me in property tax and utility's WTF!!! And Jp morgan get me for about 500 a year, So WTF is your Point ASSHOLE! I will give a thousand a year to see them hanged! sandman |
Anonymous Coward User ID: 74496023 United States 08/20/2019 04:26 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods how did we ever get by without the chinese dictting the terms of our existence !?!?!?!??! i super scared right now of the chinese butt pirate army invading !!! we must submit to them. they know math and shit. and the whole iching thing and fortune coookie wisdom. omg i’m scared. i’m really really scared. auuahhhhhhh omg omg. seriously you all it’s china. it’s the chinese. we have no chance. it’s science. they work harder than us and are smarter. J.p. morgan says so. |
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Anonymous Coward User ID: 75756784 Canada 08/20/2019 04:28 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods omg omg omg you all!!! the chinese are pissed. the chinese are pissed the chinese are pisssed !!!! Quoting: Anonymous Coward 74496023 how did we ever get by without the chinese dictting the terms of our existence !?!?!?!??! i super scared right now of the chinese butt pirate army invading !!! we must submit to them. they know math and shit. and the whole iching thing and fortune coookie wisdom. omg i’m scared. i’m really really scared. auuahhhhhhh omg omg. seriously you all it’s china. it’s the chinese. we have no chance. it’s science. they work harder than us and are smarter. J.p. morgan says so. Whats the population in China? Obviously they will have more smarter people. Unfortunately intelligence is only 1 part of the battle. Gotta be raised in western society. China is a scam. JP Morgan is full of shit. I bet JP <organ is corrupt by young SJW employees now. |
FINGERPRINTS of the GODS
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Anonymous Coward User ID: 76635370 United States 08/20/2019 04:58 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods This is total b.s. the only thing that high is food, utilities, state and local Taxes, and real estate. Tariffs have nothing to do with any of them. I can buy cheap crap everywhere nothing has changed. Its trying to make Pres Trump look bad on a lie to protect Communist China Xi Hitler Ping... |
Anonymous Coward User ID: 76635370 United States 08/20/2019 04:59 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods And the Demorats Take $3000 a month $36,000 a year from me in property tax and utility's WTF!!! Quoting: sandman1 And Jp morgan get me for about 500 a year, So WTF is your Point ASSHOLE! I will give a thousand a year to see them hanged! Correct. This has NOTHING to do with Tariffs its all liberal govt taxing people to death is the problem.... |
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anonimalle
User ID: 74886600 United States 08/20/2019 05:10 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods Just check the labels and buy America. Which I do anyhow. Behind every myth lies a mystery, and every legend holds an echo of the truth …… Que Sera Sera "For not by numbers of men nor by measure of body but by valor of soul is war decided" Bilisarius " At the siege of Vienna in 1683 Islam seemed poised to overrun Christian Europe. We are in a new phase of a very old war." Gates of Vienna. "May we smite our enemies to the darkest chamber of hell, for we wish only to live in peace, and they desire only to put their boot upon our neck." |
Terrebonne
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Anonymous Coward User ID: 74950944 United States 08/20/2019 05:16 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods Trump is the first president in over 40 years who has reversed the flow wealth, industry and technology from the United States to China. I'm glad you are happy with China one sided trade policies turning the United States into a 3rd world, post-industrial waste land. Do you get paid in Yen, motherfucker? tariffs good income tax slavery no good. |
1guynAz
User ID: 2229693 United States 08/20/2019 05:17 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods Who needs to buy so much 'cheap crap'? I have everything I need! Screw them up the ying yang for all I care. America first... Living has taught me one thing; nothing is certain...except salvation through Jesus Christ! |
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Anonymous Coward User ID: 77315416 United States 08/20/2019 05:27 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods I just had to pay 14.50 for a medium size priority mail box- their new standard charge. Let Chinese ship free from China and Americans have to pay $14.50 to send a box in-state?!! dafuk! All American brand tools are made in China, so why pay 5x price and shipping to someone in California because they might be(?) American, and the same tools "unbranded"- they are all made in China. Look for Chinese "unbranded" merchandise with free shipping.I don't need to pay 5x price to advertise some corporate logo slavery on my clothes and goods. It usually arrives a lot earlier than the 4-6 weeks they advertise, so I think they have warehouses full in CA and pretend it's coming from China. Always check feedback on ebay carefully, as there are still scammers on there. Ebay has a money back guarantee policy if you don't receive what was advertised and you paid for. |
Anonymous Coward User ID: 76195662 Canada 08/20/2019 05:30 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan. Quoting: Anonymous Coward 69365160 The firm estimates the average annual tariff cost per household will increase from $600 from the first two rounds of tariffs. The new tariffs are scheduled to begin Sept. 1 and in mid-December. “What distinguishes China Phase III tariffs from preceding tariffs is the impact to Consumption and Capital goods whereas previous tariffs focused more on Intermediate goods,” J.P. Morgan head of U.S. equity strategy Dubravko Lakos-Bujas said in a note to clients. “This suggests that the expected consumer impact should be larger in the latest round.” The firm estimates that Trump’s new tariffs will cost Americans the majority of the tax break they are getting from Trump’s 2017 tax overhaul, which it estimates is around $1,300 per year. [link to www.cnbc.com (secure)] This coming from the cunts whore fomented the 2007/8 mortgage crisis but creating CDO's and synthetic CDO's.. Who also got bailed out and not to mention the ratings manipulation.. All the while not a single one of them went to jail while they off loaded their dog shit wrapped in cat shit to Deutsche bank. |
Anonymous Coward User ID: 75328508 United States 08/20/2019 05:31 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan. Quoting: Anonymous Coward 69365160 The firm estimates the average annual tariff cost per household will increase from $600 from the first two rounds of tariffs. The new tariffs are scheduled to begin Sept. 1 and in mid-December. “What distinguishes China Phase III tariffs from preceding tariffs is the impact to Consumption and Capital goods whereas previous tariffs focused more on Intermediate goods,” J.P. Morgan head of U.S. equity strategy Dubravko Lakos-Bujas said in a note to clients. “This suggests that the expected consumer impact should be larger in the latest round.” The firm estimates that Trump’s new tariffs will cost Americans the majority of the tax break they are getting from Trump’s 2017 tax overhaul, which it estimates is around $1,300 per year. [link to www.cnbc.com (secure)] I buy wholsale cocaine from jp morgan. |
Anonymous Coward User ID: 76195662 Canada 08/20/2019 05:32 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods I hate to say it but I am stocking up on chinese made goods on ebay. They sold me a small ratchet wrench, good quality, for $1.87 and FREE SHIPPING from China. I have heard from a Chinese GLP'er that China gov. pays for the shipping. What kind've a deal do they have with USPS? Quoting: Anonymous Coward 77315416 I just had to pay 14.50 for a medium size priority mail box- their new standard charge. Let Chinese ship free from China and Americans have to pay $14.50 to send a box in-state?!! dafuk! All American brand tools are made in China, so why pay 5x price and shipping to someone in California because they might be(?) American, and the same tools "unbranded"- they are all made in China. Look for Chinese "unbranded" merchandise with free shipping.I don't need to pay 5x price to advertise some corporate logo slavery on my clothes and goods. It usually arrives a lot earlier than the 4-6 weeks they advertise, so I think they have warehouses full in CA and pretend it's coming from China. Always check feedback on ebay carefully, as there are still scammers on there. Ebay has a money back guarantee policy if you don't receive what was advertised and you paid for. You can stock up on it but its utter garbage. The Chinese don't make quality anything.. |
Anonymous Coward User ID: 41286941 United States 08/20/2019 05:38 PM Report Abusive Post Report Copyright Violation | Re: J.P. Morgan: The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods I’m in the manufacturing business. I manufacture all over the world, and here’s why. Americans, especially the $15 minimum wage SJW, don’t and won’t work a factory job because they are to entitled. Nor do they have the skill set any longer, you don’t just train a bunch of non-skilled factory workers when the machinery has advanced beyond what our society has taught the average American worker for the last few decades. It’s going to take a whole lot of effort to 1. Bring the skill set back, but even more importantly, 2. Get the average American worker to accept FAIR wages for work to produce the products we consume. If we brought most soft goods manufacturing back to the US, that $1000 a year in tariffs would seem like a breeze, because the flip side would be if a manufacturer can’t buy the product at a reasonable cost, then the cost gets passed to the consumer. For example, my product is hit with a 10% tariff right now, I am hoping this is a short term issue, however, I have passed a 5% increase of my cost cost (not Retail), onto my B2B customer that sells B2C. I will tell you, most manufactures that sell to my customers are doing this, is businesses are splitting the 10% tariff cost increase, and NOT passing it on to the consumer. We can’t do keep this business model for the long run, but for the first 90-120 days, that is the strategy manufactures and B2C companies I personally know are operating, with hopes China and Trump work this shit out. Now if you’re going to lecture me on manufacturing overseas, save your breath, it’s much bigger than most consumers realize. We have to change our whole culture (just expecting high $ pay, don’t want to get their hands dirty (they’d rather work at Starbucks) while keeping consumer prices low, not going to happen), and we must educate these workers (the ones willing to do the factory jobs) on how to operate the machinery. This bringing manufacturing jobs back is not nearly as simple as it seems. Hell, in my industry, China bought all our old machinery back in the 90’s, and the machinery manufacturers went out of business, so I can’t even get the machinery I need to produce in the US. |