Wait Scott, I thought trade imbalance didn't matter all that much? that's what you said. Guess it does after all. It's okay the other job numbers look great. Now that I look at it, pretty much all the numbers look great. Imagine that. KAG!
Hold up, this owner decided he wanted to start an American business in 2005 and walk right into backyard with Sony, Bose, JBL, plantronics and the rest? that's your problem Scott, you don't hold people accountable who make bad business decisions. You latch onto some sappy WP article where the edititor had to fish for months to even find a company that was doing bad. Guarantee the owner only agreed to the piece to boost marketing and brand exposure. WP for the win!I guess all these businesses should consult you Brian. You know exactly how to replace/grow that lost business.
U.S. businesses are taking down job listings as Trump’s trade war grows
Win Cramer had big plans to hire several new employees this summer for his company, including a chief operating officer, but he took the job listings down after President Trump tweeted that more tariffs would hit Chinese goods in September.
Trump’s escalating trade war has spooked business executives. There’s already been a noticeable decline in business investment as corporate leaders say Trump’s tariffs and unpredictability are creating too much uncertainty, dissuading them from spending large sums on new buildings or equipment. Now there are early signs that business leaders are beginning to pull back on hiring, too.
“It’s the most frustrating time I’ve ever had running a business, and I’ve been doing this for 20 years,” said Cramer, chief executive of JLab Audio, which makes wireless ear buds and headphones that are sold at Best Buy, Target and elsewhere.
Cramer has lived in the midst of the trade whiplash all summer. His business was thriving in the spring and he wanted to bring on three new employees, a significant investment for a company with 35 current employees. He drafted job descriptions for two entry-level customer service jobs and the COO position, but he put everything on hold in June after trade talks between the U.S. and China broke down.
He moved forward again after Trump and Chinese President Xi appeared to negotiate a truce at the end of June on the sidelines of the G-20 summit in Japan and even began interviewing candidates. But then Trump tweeted on August 1 that he would move forward with a 10 percent tariff on another $300 billion of Chinese imports, meaning nearly all goods coming from China to the United States would have a hefty added tax.
“We put hiring on hold again after the tweet came out,” said Cramer. “We’re in a business where we need certainty. We can’t make investments because we don’t know if those investments will have to be absorbed or dissolved.”
JLab Audio expects that its products will be part of the $300 billion that could be impacted as early as September, just as goods are starting to flow heavily from China to the United States for the prime holiday shopping season. Manufacturing elsewhere is not an option, he says, given his company’s size and the fact that China dominates a lot of consumer electronic production.
Yeah...It's so hard to find companies negatively impacted by the tariffs. Here's 200+ (from the end of 2018, I'm sure the number has risen):Hold up, this owner decided he wanted to start an American business in 2005 and walk right into backyard with Sony, Bose, JBL, plantronics and the rest? that's your problem Scott, you don't hold people accountable who make bad business decisions. You latch onto some sappy WP article where the edititor had to fish for months to even find a company that was doing bad. Guarantee the owner only agreed to the piece to boost marketing and brand exposure. WP for the win!
Get a life Scott.