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The US economy may be vital and flourishing, but US consumers are beginning to feel the weight of the trade war launched by their president, Donald Trump, on the prices of daily consumption.
In the second quarter, to try to maintain its profit margin on the sharp rise in prices of steel and aluminum which causes an increase in production costs.
James Quincy, CEO of Coca-Cola, said, "This obviously worries us." But "necessary." His company increased its prices earlier this month after the 25% tariff on steel and steel. 10% on steel imposed by Trump came into force.
The official justified his decision that "these taxes are among the reasons the year to announce an increase in prices. "
High tariffs received by China, the European Union, Canada and Mexico extend packaging activities at the cost of plastic, glue and transportation.
Deborah Thomas, Financial Director of Hasbro, In the short term, there is an impact on the level (19459003) The company specializing in mental games (Scrabble and Trevale Borsot) negotiates with its suppliers and distributors to discuss the price increases that could be applied to the New Year.
However, Minister of Commerce Wilbur Ross confirmed in March that Consumers will not notice the introduction of new tariffs on aluminum.
The new tariffs on companies translate in two ways: on the one hand, they increase the cost of raw materials and imported materials and, on the other hand, they increase their prices in the export markets. # 39; h Where US companies suffer from TAR The dollar, which is slowing its exports, and the currencies of emerging countries (Brazil, Argentina and other countries) have lost their profits.
The three major automakers of Detroit, General Motors and Ford Fiat Chrysler, 2018, the new figures are awarded at tight rates, leading to the worst market audience since the collapse of General Motors and Chrysler in 2009.
General Motors estimates that rising prices for steel and aluminum Half of the automotive components, more than $ 1 billion in 2018. [194590] 03] Chuck Stevens, chief financial officer, has warned: "We will offset these lost profits by raising prices."
Starting in August, consumers who want to buy
US protectionist measures and retaliation from some target countries provide only a few sectors and their damage to the heart of the American campaign.
Aware of the dangers of mid-term elections Presidential mandate in Cheri On November 2nd, the Trump administration announced a $ 12 billion emergency plan to help farmers affected by the retaliation Chinese.
Harley Davidson and other products repelled by European retaliation expressed difficulties.
A study by Goldman Sachs reveals that a trade war could limit the profits of the 500 largest US companies by 15%.
The risk is particularly concentrated on the supply chain of industries that rely on imports such as energy, coal, electronics, information and transportation . Jandstad Alm Financial Monastery of 3M, which manufactures a wide range of products, including adhesive tapes in more than 60 countries in the world, "We are preparing to change our sources of supply." After having finally raised their prices, the company does not rule out an additional increase.
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