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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIvanka Trump's clothing company will be spared from tariffs, thanks to her dad
https://thinkprogress.org/ivanka-trump-clothing-tariffs-437840f07b83/
The steel and aluminum industries in China will soon be slapped with tariffs up to $50 billion by President Donald Trump. On Thursday, after China announced their intentions to retaliate against the United States with $50 billion in tariffs of their own against U.S. goods, Trump warned that his administration would respond with another set of tariffs, this time targeting $100 billion worth of Chinese goods.
Exempt from the proposed tariffs against China, however, is the clothing manufacturing industry.
U.S. officials say they used an algorithm to determine which goods to exclude from new tariffs. According to the Washington Post, the list was drafted to achieve the lowest consumer impact, ensuring goods like clothing and toys were excluded so as not to raise the cost on domestic consumer goods.
Exempting clothing from the tariffs provides a big break to American clothing companies that hold trademarks in China. One of those clothing companies belongs to the First Daughter of the United States, Ivanka Trump.
Angry Dragon
(36,693 posts)JDC
(10,137 posts)Fox will just blame the democrats somehow as will the traitor.
I think the "heartland" is in for a good dose of The Trump golden touch. He is about to give them exactly what they voted him in to do, stir things up. At their expense as it turns out.
left-of-center2012
(34,195 posts)I'm guessing they'll not be affected.
ProudLib72
(17,984 posts)How is that emoluments case going?
Bleacher Creature
(11,258 posts)I'm guessing that the only input is few effect on the family business.
Honeycombe8
(37,648 posts)OxQQme
(2,550 posts)FakeNoose
(32,841 posts)He set her company up with his assets and made her Queen of overpriced, upscale brand cheaply-made threads. Guaranteed she's less than 50% owner, and he'll bail her out if the company goes south.
democratisphere
(17,235 posts)Wonder if drumpf wine and water is exempt?!
keithbvadu2
(36,990 posts)Well, isn't that special? Thanks, Daddy.
smirkymonkey
(63,221 posts)I can't stand her.
ailsagirl
(22,901 posts)Rhiannon12866
(206,420 posts)As Trumps trade war with China heats up, the list of products and commodities each country is slapping tariffs on seems to increase by the hour. American companies that both export products to China and import cheap goods and raw materials from the east Asian behemoth have been scrambling to see how their businesses will be affected by the tit-for-tat trade policy President Trump has embarked on.
You may think that a business that relies heavily on both cheap raw materials from China, and near-slave wage labor in Chinese textile factories, to manufacture high-end fashion and lifestyle products sold in high-end boutiques around the world, might be really concerned by these developments over the last week.
But if you thought that, youd be wrong. Conveniently, clothing production has conveniently been left off the list, which has one person close to the president particularly relieved.
Exempting clothing from the tariffs provides a big break to American clothing companies that hold trademarks in China, Think Progress reported Wednesday. One of those clothing companies belongs to the First Daughter of the United States, Ivanka Trump.
Much has been written about problems caused by Ivanka Trumps brand of clothes, handbags, and shoes, which are primarily made overseas by low-wage laborers, McClatchys Anita Kumar wrote in March. Estimates reveal that, even to this day, a year and a half into her government job representing the United States around the world, Ivanka Trump pulls in almost $1.5 million a year from the Trump organization, much of that from her clothing line.
So as the First Daughter continues to rake in the cash from her Chinese sweat-shop made products in the middle of the largest trade war in decades, the rest of America remains in the crossfire.
More: https://washingtonpress.com/2018/04/06/trump-just-carved-out-a-loophole-for-ivankas-company-to-spare-her-from-his-trade-war/