COMMUNITY Tariffs: Supreme Court strikes down Trump’s sweeping tariffs

So, is Trump claiming the things being proposed and tentatively accepted through the process of negotiations as deals that have been made? That's actually kinda crazy. lol
 
Chinese leader Xi Jinping has not spoken to US President Donald Trump on the phone recently, Beijing said Monday, reiterating that no talks are taking place between the two countries to resolve their tariff war.

The statement from a Chinese Ministry of Foreign Affairs spokesperson is an outright rejection of Trump’s claim in an interview with Time magazine last week that Xi had called him, as the world’s two largest economies remain locked in a dispute over sky-high trade levies.

“As far as I know, there has been no recent phone call between the two heads of state,” Guo Jiakun told a regular news conference. “I want to reiterate that China and the United States are not engaged in consultations or negotiations on the tariff issue.”

China has maintained its tough public stance on the trade war even as Trump softened his tone last week, saying that astronomical US tariffs on Chinese goods will “come down substantially” and promising to be “very nice” at the negotiating table as he attempts to get Xi to initiate talks.

“He’s called. And I don’t think that’s a sign of weakness on his behalf,” Trump said, referring to Xi, in the Time interview published on Friday.
Lol
 
A few pages back there was an example of tariff impacts on Nike. This is actually a better, more comprehensive breakdown of how the tariffs might work. The last post didn’t take the narrative through to retail so it was misleading.

 
Ngl im jaded when i see posts like that. I refuse to believe their margins are that low and or companies have a history of lyin about how much they make. This the same country where rich restauranters pretend they dont make any money when people bring up ending tipping.

This country is ground zero for people making a lot of money, but at the same time not having money.
 
Ngl im jaded when i see posts like that. I refuse to believe their margins are that low and or companies have a history of lyin about how much they make. This the same country where rich restauranters pretend they dont make any money when people bring up ending tipping.

This country is ground zero for people making a lot of money, but at the same time not having money.
Makes sense to me. The large profits come from volume. Google says Nike sells 800m shoes a year. That’s $4.8B in profit at $6 per pair.

Clothing and shoes industry has always been known to have very tight margins. Google says Nike’s is 10%. If that’s the case, and wholesale price is $50 per pair, that’s about $5/shoe margin and $4B per year in profit per year at 800m sold. Google also said their profit is about $5.7B per year so it tracks.

Plus with SOx regulations, they have to be audited thoroughly and those accountants don’t play. I’ve worked in cost accounting and finance and dealt with these auditors extensively and they review everything with a fine toothed comb.
 
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