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Even without declaring a national emergency and invoking the IEEPA, Trump has already further weakened the economy by his retaliatory action Friday — further raising tariffs on Chinese exports to the U.S. - sparking outrage from the business community, reports VOA.com. "It's impossible for businesses to plan for the future in this type of environment," David French, senior vice president for government relations at the National Retail Federation, said in a statement. The continuing fluctuations in tariffs are already making it hard for companies to plan inventories and production schedules - even casting uncertainty in investments, said Peter Bragdon, executive vice president, and chief administrative officer of Columbia Sportswear.If Trump claims that China is paying the tariffs than why are additional 25% duties included on all of my customs invoices? The additional $34,500 TAX from this single container is passed along to my customer who is mid-sized U.S. manufacturer. China does not pay it. #TradeWar pic.twitter.com/iZfy2dA1rm
— Tariff Man (@ManTariff) August 23, 2019
Columbia manufactures in more than 20 countries globally, including China. "There's no way for anyone to plan around chaos and incoherence," he said. The company plans on continuing to manufacture in China. "We follow the rule of law, not the rule of Twitter," he said. The Boston Herald reports that China’s Commerce Ministry issued a statement Saturday condemning Trump’s threat, saying, “This kind of unilateral, bullying trade protectionism and maximum pressure go against the consensus reached by the two countries’ heads of state, violate the principles of mutual respect, equality and mutual benefit, and seriously damage the multilateral trading system and normal international trade order.”The ruling party in China has the luxury of not needing to worry about reelection. #TradeWarhttps://t.co/ZwquWnZusd
— Frank Luntz (@FrankLuntz) August 24, 2019