Cspans q a. This week on newsmakers, neil bradley, the chief policy officer and executive Vice President of the u. S. Chamber of commerce. Thank you very much for being here. Neil thanks for having me. Greta we still we also have with us Jeanna Smialek with the New York Times and chris with rugaber with associated press. Chris. 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 an impact, how much is this hurting companies . I am interested how you may compare it to the benefits of the tax cut in 2017, which reduced rates on business. Have these tariffs got into a 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 impacts of the tariffs on business. The first is the tariffs in already in place and are at cost. The is uncertainty of additional second tariffs. That i
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
1800flowers coming in, new seasonal hiring, wait till you see how many people they are hiring. The ceo of equinox. Director of center for chinese strategy michael here on hong kong and the latest, fox news senior judicial analyst judge Andrew Napolitano on antiprobe into google and napolitano, dont miss a moment of it, weve got the futures right now showing pretty good rally, things accelerated moments ago when we got the news that extradition bill is now going to be completely withdrawn, your reaction, nancy . One more tension off the table that they are ringing hands around just a dropoff in new export orders and new orders about 20 , so if we can start to see some resolution and some stability in china and with the trade deal i think we have the opportunity to rally pretty heavy in yearend. Maria you know, this bill andy basically put in question the autonomy of hong kong, thats where the protesters were out in force and if you looked at really amakeup of the protestors, there were
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