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Thread: Home Depot says suppliers are moving manufacturing out of China

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    Default Home Depot says suppliers are moving manufacturing out of China

    Home Depot’s suppliers are trying to head off some of the increased costs from rising tariffs by moving at least some of their production out of China, executives told investors Tuesday.

    “I’m not aware of a single supplier who was not moving some form of manufacturing outside of China,” said Ted Decker, executive vice president of merchandising. “So we have suppliers moving production to Taiwan, to Vietnam, to Thailand, Indonesia and even back into the United States.”

    CEO Craig Menear said the tariffs on Chinese goods are projected to have a “cost impact” on U.S. sales of about 2%, or $2 billion. With suppliers moving at least some of their manufacturing outside of China, that reduces that impact to roughly one percentage point, executives said.

    https://www.cnbc.com/2019/08/20/home...r&par=sharebar

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    Quote Originally Posted by volsrock View Post
    Home Depot’s suppliers are trying to head off some of the increased costs from rising tariffs by moving at least some of their production out of China, executives told investors Tuesday.

    “I’m not aware of a single supplier who was not moving some form of manufacturing outside of China,” said Ted Decker, executive vice president of merchandising. “So we have suppliers moving production to Taiwan, to Vietnam, to Thailand, Indonesia and even back into the United States.”

    CEO Craig Menear said the tariffs on Chinese goods are projected to have a “cost impact” on U.S. sales of about 2%, or $2 billion. With suppliers moving at least some of their manufacturing outside of China, that reduces that impact to roughly one percentage point, executives said.

    https://www.cnbc.com/2019/08/20/home...r&par=sharebar

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    What you need to show is how moving jobs from China to Taiwan or Vietnam increase is manufacturing jobs in the United States

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    China has already lost some manufacturing. 3rd world countries work even cheaper. Like Welch said when he was running GE," I wish I could put all my plants on barges and move them to wherever I get the best deal".There is no loyalty to American workers. America is a place with customers to sell shit. The future will be China's because they have more potential customers.

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    “I’m not aware of a single supplier who was not moving some form of manufacturing outside of China,” said Ted Decker, executive vice president of merchandising. “So we have suppliers moving production to Taiwan, to Vietnam, to Thailand, Indonesia and even back into the United States.”
    good more pressure on Xi to deal
    PRC 70 th anniversary is in October.
    After that the nationalists should quiet down and we'll get serious talks going

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    Quote Originally Posted by anatta View Post
    good more pressure on Xi to deal
    PRC 70 th anniversary is in October.
    After that the nationalists should quiet down and we'll get serious talks going

    the jobs will be in Vietnam and Taiwan so there will be nothing to deal about you stupid moron

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    Quote Originally Posted by volsrock View Post
    Home Depot’s suppliers are trying to head off some of the increased costs from rising tariffs by moving at least some of their production out of China, executives told investors Tuesday.

    “I’m not aware of a single supplier who was not moving some form of manufacturing outside of China,” said Ted Decker, executive vice president of merchandising. “So we have suppliers moving production to Taiwan, to Vietnam, to Thailand, Indonesia and even back into the United States.”

    CEO Craig Menear said the tariffs on Chinese goods are projected to have a “cost impact” on U.S. sales of about 2%, or $2 billion. With suppliers moving at least some of their manufacturing outside of China, that reduces that impact to roughly one percentage point, executives said.

    https://www.cnbc.com/2019/08/20/home...r&par=sharebar

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    And so it begins.
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    Quote Originally Posted by Darth Omar View Post
    And so it begins.

    Mfg has been moving out of China for some time. Why do you insist on being a moron?

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    Quote Originally Posted by katzgar View Post
    What you need to show is how moving jobs from China to Taiwan or Vietnam increase is manufacturing jobs in the United States
    isn't the question, whether those countries have trade practices which are detrimental to the US as China does?......
    Isaiah 6:5
    “Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”

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    Quote Originally Posted by katzgar View Post
    the jobs will be in Vietnam and Taiwan so there will be nothing to deal about you stupid moron
    blithering idiocy. there is no singular "the jobs" moving out of China..
    Job losses and manufacturing base losses will still leave China #2 world economy.

    They would have been #1 by now if not for Trump's policies and trade talks

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    Quote Originally Posted by Darth Omar View Post
    And so it begins.
    diversification from the Chinese supply chain is good news.
    If Congress ever passes NAFTA 2 it would do the same for auto parts

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    Remember when most American goods were made in America.
    Now it's a big deal,that stuff moves from China to Vietnam.
    Nothing burger
    Melchizedek

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    Quote Originally Posted by MASON View Post
    Remember when most American goods were made in America.
    Now it's a big deal,that stuff moves from China to Vietnam.
    Nothing burger
    it's not a zero sum game.
    Damaging Chinese GDP forces China to have to negotiate -they are resisting because they want to keep their malign status quo .
    But they can't holdout forever with less growth to fund their committments

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    Quote Originally Posted by katzgar View Post
    What you need to show is how moving jobs from China to Taiwan or Vietnam increase is manufacturing jobs in the United States
    you don't have to understand it,

    just has to work
    go back to sleep
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    Quote Originally Posted by Getin the ring View Post
    you don't have to understand it,

    just has to work
    go back to sleep

    you are being a moron again

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    Quote Originally Posted by PostmodernProphet View Post
    isn't the question, whether those countries have trade practices which are detrimental to the US as China does?......

    The question during the campaign was bringing jobs back to America.

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