Home Depot says suppliers are moving manufacturing out of China

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volsrock

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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/hom...a.html?__source=sharebar|twitter&par=sharebar

WINNING!!
 
volsrock said:
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/hom...a.html?__source=sharebar|twitter&par=sharebar

WINNING!!
Click to expand...


What you need to show is how moving jobs from China to Taiwan or Vietnam increase is manufacturing jobs in the United States
 
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.
 
“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.”
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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
 
anatta said:
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
Click to expand...


the jobs will be in Vietnam and Taiwan so there will be nothing to deal about you stupid moron
 
volsrock said:
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/hom...a.html?__source=sharebar|twitter&par=sharebar

WINNING!!
Click to expand...

And so it begins.
 
katzgar said:
the jobs will be in Vietnam and Taiwan so there will be nothing to deal about you stupid moron
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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
 
Remember when most American goods were made in America.
Now it's a big deal,that stuff moves from China to Vietnam.
Nothing burger
 
MASON said:
Remember when most American goods were made in America.
Now it's a big deal,that stuff moves from China to Vietnam.
Nothing burger
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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
 
volsrock said:
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/hom...a.html?__source=sharebar|twitter&par=sharebar

WINNING!!
Click to expand...
It doesn't matter where manufacturing moves, if it doesn't move back to the U.S.
 
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