Point where there almost offsetting the benefits of the tax cut . Neil they are certainly dampening the benefit of the tax cut. There are two aspects of the tariffs on business that are impacting business. The first is the tariffs already in place and are at cost. The second is uncertainty of additional tariffs. That is playing out over the next several months with respect to china and even automobiles, with respect to tariffs on automobiles. And if you are running a company by the way, not just Large Companies if you run a company, you have difficult y planning, because you dont know the cost of goods you are buying to either sell to consumers in the United States or the cost of something you are making in the United States. That is a real problem. The other side of that is not just tariffs on our imports, it is tariffs posted in retaliation huge harm for the ag industry and increasingly manufacturers. Jeanna the university of Michigan Confidence numbers just came out. What we saw was
Impact of president trumps tariffs on imports and other chinese items. How big and impact is this hurting companies and compare it to the benefits of the tax cut in 2017, which reduced rates on business. Are these tariffs offsetting the benefits of the tax cut . Neil there are two impacts, the first is the tariffs in place and already at cost, the second is uncertainty of additional tariffs. That is playing out over the next several months with respect to china and even automobiles, with the respect tariffs on automobiles. And if you are running a company, by the way, not just Large Companies, if you run a company you have difficult planning because you dont know the cost of goods to sell to consumers in the United States or the cost of something you are making in the United States. And it is not just there tariffs on our imports, it is tariffs posted in retaliation for the egg industry and increasingly manufacturers. Janet the university of Michigan Confidence numbers just came out. W
Will now rise, please remain standing for the pledge of allegiance, the national anthem. Governor, grace is your name and all the world. Grace is your presence in this land. You were here when native people first lived, loved, and governed themselves. You were here when the first englishmen emigrated and when they held their First Legislative Assembly 400 years ago. You were here when the first english women chose to come and join the men and dabblers communities and when the first African People were brought here in harrowing circumstances against their will you were with our ancestors men and women of diverse races and cultures through trial adversity , hope, and fear. In the same way that you are with your people then. Be with us now while we remember the relationship and legacy that has shaped us as americans today. Give us the courage to do the hard work of real reconciliation, and bless our continued effort for justice, freedom, and peace for everyone in this land, everyone witho
New york times and Chris Rugaber with associated press. Chris, go ahead with the first question. Chris lets talk about trade. 40 of the fortune 500 has complained on earning calls and so forth about the impact of President Trumps tariffs on chinese imports and other items. How big and impact is this hurting companies and compare it to the benefits of the tax cut in 2017, which reduced rates on business. Have these tariffs gotten to the point where they are almost offsetting the benefits of the tax cut . Neil there are two impacts, the first is the tariffs in place and already a cost obviously for business, and the second is uncertainty of additional tariffs. That is playing out over the next several months with respect to china and even automobiles, with the threat of tariffs on automobiles. And if you are running a company, by the way, not just Large Companies, if you run a company you have difficult planning because you dont know the cost of goods to sell to consumers in the United S
And well bring you that vote live. And you can send your questions for christian and for me using the hashtag bchs. We will bejoined we will be joined by Robert Watson as well. We think we are less than one hour away from a vote that is pivotal to the future of the united kingdom. The opposition, along with rebel mps from the Ruling Conservative Party, are seeking to prevent a no deal brexit in any circumstances. To prevent a no deal brexit if they succeed, the consequences are myriad. If and how brexit happens will be completely unknown, the Ruling Conservative Party will be torn apart as a series of high profile mps are expelled and Boris Johnsons government would appear to be untenable, meaning he may well call an election within hours. And remember this is parliaments first day back after the summer. The Prime Ministers argument is that he doesnt want a no deal brexit, but without the possibility of one, he cant negotiate with the eu. And during a series of bruising exchanges, hes