Page 19 - THE SOUTH CHINA BUSINESS JOURNAL
P. 19
the end, tariffs are a tax on imported goods, and Left image: Retail and Manufacturing &
they are paid by American families and businesses. And Industrials were most likely to discuss the
tariffs are known to do two things: block imports or impact of tariffs on performance, with more
increase their true costs. If the earnings calls are any than or nearly half of all calls discussing
guide, these increased costs from tariffs will almost tariffs, respectively.
certainly result in Americans paying more at the
checkout stand for a wide range of items. In a hopeful sign,
President Donald Trump
and Chinese President
Xi Jinping sat down with
each other at the G20
summit in Japan, giving
both sides a chance
to resume trade talks
and avoid increasing
tariffs. Without action,
uncertainty and higher
costs of goods will
continue to plague
American businesses
and families.■
South China Business Journal 16
they are paid by American families and businesses. And Industrials were most likely to discuss the
tariffs are known to do two things: block imports or impact of tariffs on performance, with more
increase their true costs. If the earnings calls are any than or nearly half of all calls discussing
guide, these increased costs from tariffs will almost tariffs, respectively.
certainly result in Americans paying more at the
checkout stand for a wide range of items. In a hopeful sign,
President Donald Trump
and Chinese President
Xi Jinping sat down with
each other at the G20
summit in Japan, giving
both sides a chance
to resume trade talks
and avoid increasing
tariffs. Without action,
uncertainty and higher
costs of goods will
continue to plague
American businesses
and families.■
South China Business Journal 16
