Chemical prices may soar Trump ordered U.S. companies to stop purchasing from China!

Global Coatings Network News:

Recently, the Office of the Customs Tariff Commission of the State Council issued an announcement announcing additional tariffs on approximately $75 billion of imported goods originating in the United States.

After a large number of US chemical raw materials and related products are taxed, the market supply will decrease, and the prices of many types of chemical products may rise.

Frustrated: Trump even ordered American companies to stop purchasing from China!

The two major measures China launched on Friday can be said to be beyond the expectations of most American politicians.
Just two hours after the Chinese countermeasures were introduced, Navarro, the White House trade adviser, came out to express his stance and appease the stock market.

And Trump, who claims to be the ruler of Twitter, sent 12 tweets in a row:

"I now order that our great American company immediately stops purchasing from China and returns to the United States.
"

--Trump

So, how did the US domestic market react to this counterattack?

In the end, U.
S.
stocks suffered a cliff-like decline: the three major stock indexes all closed down more than 2%, flattening the gains in the past three weeks.

"I only have one question.
Who is our greater enemy, the Fed or China?" Trump accused the Fed of inaction, and unrepentantly responded to trade frictions with a confrontational attitude, even directly ordering on Twitter: " Our great American company immediately stopped purchasing from China and returned to the United States.
"

Future trends at the national level: talk while fighting, and at the corporate level: find another way out!

Angrily, they directly demanded that American companies immediately stop purchasing from China, and asked them to return to the United States for manufacturing.

The frustrated speech reflects the escalating Sino-US trade friction.
Some analysts said that Trump's "Twitter imperial decree" does not have executive power.
There have also been representatives of US companies who have refused to respond to Trump's "instructions" for the first time.
The U.
S.
Chamber of Commerce rejected President Trump's call for "U.
S.
companies to immediately start looking for alternatives to business in China.
" "Although we are as disappointed as the President, we believe that continuing constructive engagement is the right way forward," Myron Brilliant, executive vice president and head of international affairs at the U.
S.
Chamber of Commerce, said in a statement, urging the two parties to reach a trade agreement as soon as possible.
.
"Time is of the essence.
We don't want to see further deterioration in US-China relations.

The Global Times published a commentary that China has never taken the initiative to escalate the Sino-US trade war, but when the United States increases its new weight to exert extreme pressure on China, China will definitely respond with necessary measures to allow the United States to suffer corresponding losses.
Regarding the trade war, China has stated its attitude on many occasions: it does not want to fight, is not afraid of it, and has to fight it when necessary.
The resolute countermeasures this time show that China's attitude has never changed.
Regarding Sino-US economic and trade differences, China is willing to adopt a cooperative approach to resolve them, but it will never compromise on major issues of principle, and resolutely accompany the pressure on tariffs to the end.
The United States should not make any further misjudgments on this!

As a foreign trade forwarding company, with the wave of tariff increases, I have already felt like a "wolf is coming".
Interruption and stoppage, stoppage and stoppage, or become the norm, for some people who can't afford to wait for foreign trade.
For freight forwarders, anxiety alone is not enough.
Don’t have too much illusions.
It may be the right way to find another way out urgently!

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