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Showing posts with label Donald J. Trump. Show all posts
Showing posts with label Donald J. Trump. Show all posts

Tuesday, August 27, 2019

Is Trump insane? Escalating trade tension woos equity bears to Asia

Ex-advisers worried about Trump's behavior, NYT reports https://youtu.be/FuKZ-qwNSU4

Trump Says He's Lost Billions Being President

https://youtu.be/EAO9eO1Nh1E

President Trump: I don't blame China, I blame past leadership

https://youtu.be/Dzvlysi7zOQ

Departure of U.S. companies from China will hurt U.S. economy

https://youtu.be/-ooTKeqwsbo

A Lot of Confusion in China on U.S. Motives, Says AmCham China’s Stratford

https://youtu.be/gysFIV8327w

Escalation of China-U.S. trade tension

https://youtu.be/3pCXrJtm1W4

Markets sink as Trump presses US companies to leave China

https://youtu.be/eutPdwk19Ac

Stocks fall amid fresh tensions in US-China trade war

https://youtu.be/sio9xZtR4gA

Preparing For Financial Apocalypse: Insiders Are Selling ...

KUALA LUMPUR: Asian markets started the week on a weak note amid escalating trade war concerns after the US and China announced plans for additional tariffs against each other.

Locally, the FBM KLCI stayed in negative territory for the whole of yesterday, before paring losses to close 8.8 points or 0.55% lower at 1,600.53 points. Before the closing, the index hovered below 1,595, falling 1.17% to an intraday low of 1,590.51.

Despite the fall, the local index was among the least affected by the regional selldown, compared with other Asian indices. The biggest loser among the regional indices was Japan’s Nikkei 225, falling 2.17% to 20,261.04. This was followed by Hong Kong’s Hang Seng Index and the Taiwan Stock Exchange, down 1.91% and 1.74% respectively. India’s Sensex notably closed 2.16% higher.

In Southeast Asia, Singapore’s Straits Times Index was the biggest decliner, down 1.45% at 3,065.33, and the Jakarta Composite index closed 0.66% lower at 6,214.51.

Last Friday, US President Donald Trump announced an additional duty on some US$550 billion worth of targeted Chinese goods, following China’s move to hike trade levies on US$75 billion worth of US goods.

Trump said US tariffs on US$250 billion of Chinese imports will increase from 25% to 30% on Oct 1, while an additional 5% tax on US$300 billion worth of Chinese goods — raising the tariff to 15% from 10% — starts on Sept 1.

The president made it clear that the US was responding to China’s threat of additional tariffs on US$75 billion of goods including soybeans, automobiles and oil.

“This looks like a tit-for-tat [response] and I don’t see an easy resolution to the trade war, as there seems to be no middle ground between the US and China. It is very unsettling for the market because there is no direction from day to day,” said Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew.

However, the tensions eased a bit towards the later part of yesterday, as Chinese Vice Premier Liu He said China was willing to resolve the trade dispute through calm negotiations, stating the nation was against the escalation of the conflict.

Trump responded positively to China’s suggestion and, on the sidelines of a summit in France, had hailed Chinese President Xi Jinping as a great leader and welcomed the latter’s desire for calm negotiations.

It remains to be seen how the trade dispute will be resolved, given the constant retaliatory tariffs between the two economic behemoths since early last year.

Several trade talks between the two nations have not brought any solutions to the trade war, still affecting investor sentiments towards global markets. For the KLCI, the trade war remains a major factor affecting analysts’ forecasts.

Kenanga Research said the index’s underlying trend remains bearish but does not discount the possibility of a technical rebound as the KLCI has been in oversold territory for about a month. “Look out for overhead resistance levels at 1,630 and 1,650. If selling pressure continues, the key support levels to keep an eye on are 1,570 and 1,550,” Kenanga Research wrote in a note yesterday. - Source link


Read more: 


Clout eroded as US shirks intl duties

I think it's necessary to include something Liu once said that also applies here, “The world needs a new America. It needs an America that is free of prejudice and intolerance. It needs an America that understands respect, that matches words with deeds, that understands the principles of benevolence, righteousness, propriety, wisdom, and faithfulness. The world would be lucky if the new America could become such a country.”

Why are the Chinese brushing aside Trump's tweets?

Trump has turned Twitter into a stage for his political show, where he says things to gain votes for reelection. He repeats what he has done for the US – to provide Americans welfare, and to “make America great again.” But he is actually damaging the interests of his own country and people.
 

China unfazed by swaying US policies

In today's world of production patterns, no country can marginalize China anymore. Whichever country forcibly cuts economic ties with China will only harm itself. After Trump tweeted, he received almost one-sided opposition and doubts, which showed how inappropriate was his unrealistic proposal.

Former U.S. treasury secretary criticizes policies of Trump administration

https://youtu.be/s9ZeIhimLqM

American expert accuses Western countries of double standard in HK affairs

https://youtu.be/M6YUjfwPVxs

Poking its nose into other countries' affairs is an American obsession

The past few months have been sad and depressing for those who live in Hong Kong. The safety guaranteed on the streets of Beijing and Xi'an should be available to the people of Hong Kong. China should not be asked to compromise its sovereignty. If Americans want to boycott anyone, they should do so with their politicians who support the Hong Kong unrest.

West will shed no tears for Hong Kong

Many Hongkongers are confusing right from wrong while Western public opinion constantly delivers the ideological energy that the radical protesters need. The West has shed no tears for Iraq, Syria and Ukraine, which had gone through similar hardships. Now, it is turning Hong Kong into the forefront of the struggle with China, and, as usual, they will shed no tears for the city's misery.

Related posts:

New U.S. arms sale to Taiwan and rising trends of 'white supremacy' in the U.S https://youtu.be/yMiBxgtRxnM White House p..

A profile photo of Peter Navarro Photo: IC ○ Navarro used the idea of the seven sins to criticize China, which showed his narrow and d...
A rioter waves a US national flag in Tsim Sha Tsui district in Hong Kong on August 11. Photo: AFP https://youtu.be/m5xXUsU9oEI The ...

Protesters in protective gear holding up a symbolic yellow umbrella and an American flag while marching through the Sha Tin District ...
https://youtu.be/DPt-zXn05ac US Secretary of State Mike Pompeo: "I was the CIA director. We lied, we cheated, we stole. We had ent..

Is Trump insane? Escalating trade tension woos equity bears to Asia

Ex-advisers worried about Trump's behavior, NYT reports https://youtu.be/FuKZ-qwNSU4

Trump Says He's Lost Billions Being President

https://youtu.be/EAO9eO1Nh1E

President Trump: I don't blame China, I blame past leadership

https://youtu.be/Dzvlysi7zOQ

Departure of U.S. companies from China will hurt U.S. economy

https://youtu.be/-ooTKeqwsbo

A Lot of Confusion in China on U.S. Motives, Says AmCham China’s Stratford

https://youtu.be/gysFIV8327w

Escalation of China-U.S. trade tension

https://youtu.be/3pCXrJtm1W4

Markets sink as Trump presses US companies to leave China

https://youtu.be/eutPdwk19Ac

Stocks fall amid fresh tensions in US-China trade war

https://youtu.be/sio9xZtR4gA


Preparing For Financial Apocalypse: Insiders Are Selling ...


KUALA LUMPUR: Asian markets started the week on a weak note amid escalating trade war concerns after the US and China announced plans for additional tariffs against each other.

Locally, the FBM KLCI stayed in negative territory for the whole of yesterday, before paring losses to close 8.8 points or 0.55% lower at 1,600.53 points. Before the closing, the index hovered below 1,595, falling 1.17% to an intraday low of 1,590.51.

Despite the fall, the local index was among the least affected by the regional selldown, compared with other Asian indices. The biggest loser among the regional indices was Japan’s Nikkei 225, falling 2.17% to 20,261.04. This was followed by Hong Kong’s Hang Seng Index and the Taiwan Stock Exchange, down 1.91% and 1.74% respectively. India’s Sensex notably closed 2.16% higher.

In Southeast Asia, Singapore’s Straits Times Index was the biggest decliner, down 1.45% at 3,065.33, and the Jakarta Composite index closed 0.66% lower at 6,214.51.

Last Friday, US President Donald Trump announced an additional duty on some US$550 billion worth of targeted Chinese goods, following China’s move to hike trade levies on US$75 billion worth of US goods.

Trump said US tariffs on US$250 billion of Chinese imports will increase from 25% to 30% on Oct 1, while an additional 5% tax on US$300 billion worth of Chinese goods — raising the tariff to 15% from 10% — starts on Sept 1.

The president made it clear that the US was responding to China’s threat of additional tariffs on US$75 billion of goods including soybeans, automobiles and oil.

“This looks like a tit-for-tat [response] and I don’t see an easy resolution to the trade war, as there seems to be no middle ground between the US and China. It is very unsettling for the market because there is no direction from day to day,” said Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew.

However, the tensions eased a bit towards the later part of yesterday, as Chinese Vice Premier Liu He said China was willing to resolve the trade dispute through calm negotiations, stating the nation was against the escalation of the conflict.

Trump responded positively to China’s suggestion and, on the sidelines of a summit in France, had hailed Chinese President Xi Jinping as a great leader and welcomed the latter’s desire for calm negotiations.

It remains to be seen how the trade dispute will be resolved, given the constant retaliatory tariffs between the two economic behemoths since early last year.

Several trade talks between the two nations have not brought any solutions to the trade war, still affecting investor sentiments towards global markets. For the KLCI, the trade war remains a major factor affecting analysts’ forecasts.

Kenanga Research said the index’s underlying trend remains bearish but does not discount the possibility of a technical rebound as the KLCI has been in oversold territory for about a month. “Look out for overhead resistance levels at 1,630 and 1,650. If selling pressure continues, the key support levels to keep an eye on are 1,570 and 1,550,” Kenanga Research wrote in a note yesterday. - Source link


Read more: 


Clout eroded as US shirks intl duties

I think it's necessary to include something Liu once said that also applies here, “The world needs a new America. It needs an America that is free of prejudice and intolerance. It needs an America that understands respect, that matches words with deeds, that understands the principles of benevolence, righteousness, propriety, wisdom, and faithfulness. The world would be lucky if the new America could become such a country.”

Why are the Chinese brushing aside Trump's tweets?

Trump has turned Twitter into a stage for his political show, where he says things to gain votes for reelection. He repeats what he has done for the US – to provide Americans welfare, and to “make America great again.” But he is actually damaging the interests of his own country and people.
 

China unfazed by swaying US policies

In today's world of production patterns, no country can marginalize China anymore. Whichever country forcibly cuts economic ties with China will only harm itself. After Trump tweeted, he received almost one-sided opposition and doubts, which showed how inappropriate was his unrealistic proposal.

Preparing For Financial Apocalypse: Insiders Are Selling ...


Former U.S. treasury secretary criticizes policies of Trump administration

https://youtu.be/s9ZeIhimLqM

American expert accuses Western countries of double standard in HK affairs

https://youtu.be/M6YUjfwPVxs

Poking its nose into other countries' affairs is an American obsession

The past few months have been sad and depressing for those who live in Hong Kong. The safety guaranteed on the streets of Beijing and Xi'an should be available to the people of Hong Kong. China should not be asked to compromise its sovereignty. If Americans want to boycott anyone, they should do so with their politicians who support the Hong Kong unrest.

West will shed no tears for Hong Kong

Many Hongkongers are confusing right from wrong while Western public opinion constantly delivers the ideological energy that the radical protesters need. The West has shed no tears for Iraq, Syria and Ukraine, which had gone through similar hardships. Now, it is turning Hong Kong into the forefront of the struggle with China, and, as usual, they will shed no tears for the city's misery.

Related posts:

New U.S. arms sale to Taiwan and rising trends of 'white supremacy' in the U.S https://youtu.be/yMiBxgtRxnM White House p..

A profile photo of Peter Navarro Photo: IC ○ Navarro used the idea of the seven sins to criticize China, which showed his narrow and d...
A rioter waves a US national flag in Tsim Sha Tsui district in Hong Kong on August 11. Photo: AFP https://youtu.be/m5xXUsU9oEI The ...

Protesters in protective gear holding up a symbolic yellow umbrella and an American flag while marching through the Sha Tin District ...
https://youtu.be/DPt-zXn05ac US Secretary of State Mike Pompeo: "I was the CIA director. We lied, we cheated, we stole. We had ent..

Wednesday, May 22, 2019

华为不惧美国封杀 美式霸凌失道寡助!Huawei's goodwill gesture being treated unscrupulously by the US !

https://youtu.be/hRv0QMEwdas

https://youtu.be/dtT0rHgJ9-I

《今日关注》是CCTV中文国际频道播出的时事述评栏目。该栏目紧密跟踪国内外重大新闻事件,邀请国内外一流的专家和高级官员梳理新闻来龙去脉,评论新闻事件的影响和发展趋势。

中国财经报道》 任正非:美国政客低估华为的力量


https://youtu.be/8Y8kjVoZvgA

任正非接受中央广播电视总台等媒体采访,任正非:美国政客低估华为的力量;摩根士丹利:美加征关税或致全球经济衰退;东航正式就波音737,MAX停飞损失向波音公司提出索赔。 《中国财经报道》原“整点财经”,联通全天频道财经资讯滚动递进式播出,形成频道财经资讯流。向受众提供即时国内国际财经新闻资讯,及时报道足以影响普通投资者重大利益的变化。

https://youtu.be/rhBHOaZSjPk

【栏目介绍】 离你最近的热点新闻,给你最快的新闻现场,予你最深的剖析解读,《今日亚洲》栏目携手亚洲30家强势媒体,独家资源、权威学者、专业制作,倾力打造亚太时事述评新闻高地。

https://youtu.be/bTuJT1oLdA4
#財經八點檔 #非凡貿易戰 #華為

【財經八點檔】暫緩禁令90天美國怕了?華為嗆沒意義 中國網友力挺:全面拋棄蘋果! 商用到軍用"大疆"好神!白宮盯上中國無人機巨頭控竊密│非凡新聞│20190521


首发!任正非最新回应:需要跟世界霸主较量!不需要90天临时执照!!!

https://youtu.be/E-GDyvUgg3o

专家批驳“美国重建中国论” 纯属荒谬说法 中国发展靠自己

https://youtu.be/HJRvnyfAVu8

Huawei products should not be linked to politics: Ren


U.S. ban not to affect Huawei's high-end and 5G products: Ren

  https://youtu.be/Yz6tKCEhvqA

Huawei is a commercial company, and the use of its products is a choice for consumers based on their likes and should not be linked to politics, said Ren Zhengfei, founder and president of Huawei Technologies Co. Ltd. on Tuesday.

Ren made the remarks after the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce put Huawei and its affiliates on an "Entity List," which would restrict the sale or transfer of U.S. technologies to the company. The ban has triggered opposition from markets worldwide.

Huawei maintains mass production capacities for specific key components, including chips, and the U.S. ban will not result in negative business growth, Ren told reporters.

The telecommunications giant projected slower but positive growth this year.

Huawei posted a 39 percent year-on-year revenue growth in the first quarter of the year. The growth has slowed slightly in the second quarter, but the slowing will not hurt the company, Ren said.

"Huawei had made preparations for the extreme situations even before the Chinese Lunar New Year," he said.

He noted, however, that it would not reject the U.S. supply chain, citing Huawei's announced purchase of 50 million chips from Qualcomm in 2018.

"As long as the U.S. government allows U.S. companies to export the components, Huawei will continue to buy while sticking to its own research and development," he said.

Ren said he appreciated the support of a large number of U.S. components suppliers over the years, and they are also lobbying for the easing of U.S. government-imposed restrictions.

He said Huawei is also in talks with companies like Google for potential remedy solutions, he said.

Source link


Read more: 

Ren's mind-set fit to face down US

China can hardly make the US clear about all these issues. The only option for China is to do its own things well and accept the fact that the China-US trade war will last in the days that follow. As China becomes stronger, it will eventually see the US willing to reflect upon itself.

Homegrown BeiDou system guarantees industry safety

The overall output value of China's satellite navigation and positioning services industry reached 301.6 billion yuan ($43 billion) in 2018, up 18.3 percent on a year-on-year basis, with the country's home-developed BeiDou satellite system contributing 80 percent to the core production value, reads an official white paper.
 

China launches new BeiDou navigation satellite

China sent a new satellite of the BeiDou Navigation Satellite System (BDS) into space from the Xichang Satellite Launch Center in Sichuan Province at 11:48 p.m. Friday.


Related posts


华为不惧美国封杀 美式霸凌失道寡助!Huawei's goodwill gesture being treated unscrupulously by the US !

https://youtu.be/hRv0QMEwdas

https://youtu.be/dtT0rHgJ9-I

《今日关注》是CCTV中文国际频道播出的时事述评栏目。该栏目紧密跟踪国内外重大新闻事件,邀请国内外一流的专家和高级官员梳理新闻来龙去脉,评论新闻事件的影响和发展趋势。

中国财经报道》 任正非:美国政客低估华为的力量


https://youtu.be/8Y8kjVoZvgA

任正非接受中央广播电视总台等媒体采访,任正非:美国政客低估华为的力量;摩根士丹利:美加征关税或致全球经济衰退;东航正式就波音737,MAX停飞损失向波音公司提出索赔。 《中国财经报道》原“整点财经”,联通全天频道财经资讯滚动递进式播出,形成频道财经资讯流。向受众提供即时国内国际财经新闻资讯,及时报道足以影响普通投资者重大利益的变化。

https://youtu.be/rhBHOaZSjPk

【栏目介绍】 离你最近的热点新闻,给你最快的新闻现场,予你最深的剖析解读,《今日亚洲》栏目携手亚洲30家强势媒体,独家资源、权威学者、专业制作,倾力打造亚太时事述评新闻高地。

https://youtu.be/bTuJT1oLdA4
#財經八點檔 #非凡貿易戰 #華為

【財經八點檔】暫緩禁令90天美國怕了?華為嗆沒意義 中國網友力挺:全面拋棄蘋果! 商用到軍用"大疆"好神!白宮盯上中國無人機巨頭控竊密│非凡新聞│20190521


首发!任正非最新回应:需要跟世界霸主较量!不需要90天临时执照!!!

https://youtu.be/E-GDyvUgg3o

专家批驳“美国重建中国论” 纯属荒谬说法 中国发展靠自己

https://youtu.be/HJRvnyfAVu8

Huawei products should not be linked to politics: Ren


U.S. ban not to affect Huawei's high-end and 5G products: Ren

  https://youtu.be/Yz6tKCEhvqA

Huawei is a commercial company, and the use of its products is a choice for consumers based on their likes and should not be linked to politics, said Ren Zhengfei, founder and president of Huawei Technologies Co. Ltd. on Tuesday.

Ren made the remarks after the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce put Huawei and its affiliates on an "Entity List," which would restrict the sale or transfer of U.S. technologies to the company. The ban has triggered opposition from markets worldwide.

Huawei maintains mass production capacities for specific key components, including chips, and the U.S. ban will not result in negative business growth, Ren told reporters.

The telecommunications giant projected slower but positive growth this year.

Huawei posted a 39 percent year-on-year revenue growth in the first quarter of the year. The growth has slowed slightly in the second quarter, but the slowing will not hurt the company, Ren said.

"Huawei had made preparations for the extreme situations even before the Chinese Lunar New Year," he said.

He noted, however, that it would not reject the U.S. supply chain, citing Huawei's announced purchase of 50 million chips from Qualcomm in 2018.

"As long as the U.S. government allows U.S. companies to export the components, Huawei will continue to buy while sticking to its own research and development," he said.

Ren said he appreciated the support of a large number of U.S. components suppliers over the years, and they are also lobbying for the easing of U.S. government-imposed restrictions.

He said Huawei is also in talks with companies like Google for potential remedy solutions, he said.

Source link


Read more: 

Ren's mind-set fit to face down US

China can hardly make the US clear about all these issues. The only option for China is to do its own things well and accept the fact that the China-US trade war will last in the days that follow. As China becomes stronger, it will eventually see the US willing to reflect upon itself.

Homegrown BeiDou system guarantees industry safety

The overall output value of China's satellite navigation and positioning services industry reached 301.6 billion yuan ($43 billion) in 2018, up 18.3 percent on a year-on-year basis, with the country's home-developed BeiDou satellite system contributing 80 percent to the core production value, reads an official white paper.
 

China launches new BeiDou navigation satellite

China sent a new satellite of the BeiDou Navigation Satellite System (BDS) into space from the Xichang Satellite Launch Center in Sichuan Province at 11:48 p.m. Friday.


Related posts


Friday, May 17, 2019

Trump declares national emergency over threats against US technology amid campaign against Huawei, as China opposes

https://www.cnbc.com/video/2019/05/15/trump-signs-executive-order-targeting-huawei.html

Key Points 

  • President Donald Trump on Wednesday declared a national emergency over threats against American technology, the White House said.

  • The move, done via executive order, is expected to precede a ban on U.S. firms doing business with the Chinese telecommunications company Huawei.

  • The announcement comes as the U.S and China remain locked in a trade dispute.

Source link   
 

https://youtu.be/X05bmuEmxLE

China slams U.S. blacklisting of Huawei as trade tensions rise

Source link   


Huawei ban reflects 'Cold War mentality'

The latest ban on Huawei reflects Washington's dangerous Cold War mentality that will lead to further US-China decoupling, which is also casting a shadow over stalled trade talks between the two countries and will hurt the global tech industry, Chinese analysts said on Thursday.

Why Washington cannot contain Huawei

The US cannot strangle Huawei, nor will it be able to contain the development of China and deprive the 1.4 billion Chinese people of their development rights.



Related posts:



 
Punitive duties on US$200bil in goods raises stakes in trade talks .  https://youtu.be/82NLXvMtn64 Chinese Vice Premier Liu He arrive..


Huawei gaining support despite US ban

 

Year 2018 review: Huawei and the technology cold war, competition in spheres of influence



Huawei CFO arrest violates human rights as US takes aim at Huawei, the real trade war with China



From trade war to global anarchy?

 

Employees believe Huawei will survive widespread bans in West with ‘Wolf spirit’ culture


 

 Huawei unveils server chipset as China cuts reliance on imports

 

Why Huawei’s 5G technology is seen as a threat by the US

Trump declares national emergency over threats against US technology amid campaign against Huawei, as China opposes

https://www.cnbc.com/video/2019/05/15/trump-signs-executive-order-targeting-huawei.html

Key Points 

  • President Donald Trump on Wednesday declared a national emergency over threats against American technology, the White House said.

  • The move, done via executive order, is expected to precede a ban on U.S. firms doing business with the Chinese telecommunications company Huawei.

  • The announcement comes as the U.S and China remain locked in a trade dispute.

Source link   
 

https://youtu.be/X05bmuEmxLE

China slams U.S. blacklisting of Huawei as trade tensions rise

Source link   


Huawei ban reflects 'Cold War mentality'

The latest ban on Huawei reflects Washington's dangerous Cold War mentality that will lead to further US-China decoupling, which is also casting a shadow over stalled trade talks between the two countries and will hurt the global tech industry, Chinese analysts said on Thursday.

Why Washington cannot contain Huawei

The US cannot strangle Huawei, nor will it be able to contain the development of China and deprive the 1.4 billion Chinese people of their development rights.



Related posts:



 
Punitive duties on US$200bil in goods raises stakes in trade talks .  https://youtu.be/82NLXvMtn64 Chinese Vice Premier Liu He arrive..


Huawei gaining support despite US ban

 

Year 2018 review: Huawei and the technology cold war, competition in spheres of influence



Huawei CFO arrest violates human rights as US takes aim at Huawei, the real trade war with China



From trade war to global anarchy?

 

Employees believe Huawei will survive widespread bans in West with ‘Wolf spirit’ culture


 

 Huawei unveils server chipset as China cuts reliance on imports

 

Why Huawei’s 5G technology is seen as a threat by the US

Monday, October 1, 2018

Trump's tariffs won't restore U.S. jobs

The sewing lines at Bernhard Furniture Company which where skilled craft jobs are growing without the help of tariffs, and company officials

 Related image https://youtu.be/OCk4VkAKKFc

Trump's tariffs won't restore U.S. furniture jobs : https://www.reuters.tv/v/PvWi/2018/09/27/trump-s-tariffs-won-t-restore-u-s-furniture-jobs

In a town where a 30-feet tall chair is the chief landmark, and which is synonymous with a U.S. furniture industry decimated over the years by imports from China, many greet the possibility of tariffs on Chinese goods with a shrug.

No wonder. Of three once bustling Thomasville furniture plants in the city limits, one is being demolished and cleared for parkland, another may become the site of a new police station, and a third is being converted into apartments.

President Donald Trump is threatening to levy tariffs of up to 25 percent on $500 billion of goods imported from China each year, including roughly $20 billion of furniture, as a way to bring back hundreds of thousands of manufacturing jobs lost to China and other low-cost competitors.

Yet, the transformation of U.S. industries since China’s emergence as the world’s low-cost producer almost two decades ago means many no longer directly compete with Chinese imports, so tariffs may not translate so easily into more U.S. jobs.

At family-owned Bernhardt Furniture in Lenoir, some 90 miles west of Thomasville, executives say it would take about $30 million in capital investment - some 10 percent of annual sales - to resurrect standard wood furniture lines now mainly made in countries like China and Vietnam.

That is too much to commit based on a policy that a future administration could reverse.

"The theory is you turn (imports) off, the jobs come back. That's not really true... The buildings don't exist. The people don't exist. The machinery does not exist," to make the sorts of furniture that now gets imported, said Alex Bernhardt Jr., chief executive and the company founder's great grandson.

What the company needs now, executives say, is the open markets and steady economy that have allowed it to grow its workforce from below 800 at the end of the 2007-2009 recession to almost 1,500 today - partly on the basis of exports to China.

DIFFERENT COMPANY

That growth has been largely driven by demand for more customized, higher end furniture. In expanding, the 129-year-old company has been hiring not only factory workers, but also designers, marketing experts and other professionals.

In all, it is a different firm from what it was three decades ago when it first began dividing product lines between the United States and Asia.

Economists say the same is true across much of U.S. manufacturing. To invest and hire more workers, executives would need certainty, for example, that consumers would prefer U.S.-made products at a potentially higher price. They would need confidence that tariffs would last beyond the Trump administration and that production could not be shifted to other more cost-competitive countries.

Even then, there may be little incentive to go back to old product lines for industries that have changed dramatically because of globalization.

Across the Rust Belt and the former factory towns of the south, the transformation is apparent. In Buffalo, an old steel mill is now a solar panel factory, and a retail goods manufacturer now houses an office and restaurant park. Near Dayton, Ohio, a shuttered GM plant has reopened as a Chinese-owned auto glass company. Abandoned factories throughout North Carolina have landed on the Environmental Protection Agency's list of "brownfield" sites that need cleanup.

Some companies are considering moving production from China as a result of the tariffs, but the jobs are unlikely to head home.

Illinois-based CCTY Bearing, for example, said it planned to move U.S.-bound production from Zhenjiang, China, to a new plant near Mumbai in India to keep labor costs down.

JLab Audio's China-made Bluetooth products are not being taxed yet, but its chief executive Win Cramer had been scouting for suppliers in Vietnam and Mexico.

"I would love to build products onshore, but consumers have proven time and time again that "Made in America" isn't as valuable a statement as it once was," Cramer said. "They make decisions based on the cost."

The price of, say, its Bluetooth earbud would jump from $20 to as much as $50 if it was made in the United States, Cramer said, far more than what tariffs would add to the cost of imports.

To be sure, early reactions suggest that foreign companies that make U.S.-bound goods in China may move some of that production to the United States. Still, countries such as Vietnam may ultimately benefit the most from Trump's tariffs.

Japanese construction and mining equipment maker Komatsu Ltd < 6301.T > has said it has already shifted some of its production of parts for U.S.-built excavators from China. Part of that production moved to the United States, but some also went to Mexico and Japan.

In South Korea, LG Electronics <066570 .ks=""> and its rival Samsung Electronics <005930 .ks=""> are considering moving parts of U.S.-bound refrigerator and air conditioner production to Mexico, Vietnam or back home, but not to the United States, according to company sources and local media.

STEADY RECOVERY

The responses to Trump's tariffs on steel and aluminum show how such steps create both winners and losers.

Producers such as U.S. Steel and Century Aluminum have said they will add at least several hundred jobs as a result of the higher prices they can charge.

Mid-Continental Nail, however, laid off 130 workers because of those higher steel prices, and furniture parts maker Leggett & Platt has warned that rising metal prices would prompt it to shift production abroad.

So far, Washington has imposed duties on $250 billion of Chinese imports and Trump has threatened to slap tariffs on all Chinese goods.

Many economists project new tariffs would on balance either slow down hiring or cause job losses in a manufacturing sector where employment has grown by 10 percent over the past eight years without special protection.

(Graphic: https://tmsnrt.rs/2Q1AFUW)

The furniture industry, among the hardest hit by Chinese imports, has added 43,000 jobs since its employment hit a low of 350,000 in 2011, helped by the recovering housing market and strong consumer demand.

Industry officials say skilled upholsterers and other workers are hard to find, echoing the Federal Reserve's concern about the impact of worker shortages on the U.S. economy.

In Thomasville, few expect that tariffs will bring furniture manufacturing back to its heyday, nor does the community need it, says city manager Kelly Craver, whose parents worked in the furniture and textile industries.

Since the recession, Thomasville has become a residential hub for growing nearby cities such as Greensboro and Charlotte. It also has its own mix of manufacturing and white collar jobs.

Mohawk Industries recently expanded its Thomasville laminate flooring facility while the Old Dominion Freight Line transportation firm and the fast-growing Cook Out burger chain have corporate headquarters there.

"We, for the very first time in this city's existence, are going to have a diversified economy," Craver said.

By Howard Schneider, Reuters

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