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The poll results of the Washington Post and ABC News published on July 7 showed that former US Vice President Joe Biden would win against US President Donald Trump if the election were held right now.
Accordingly, the leading candidate running for the Democratic presidential election in 2020 won 53% of the support votes in this hypothetical race. Meanwhile, the current US President won only 43% of the vote.
Except for the extremely rare possibility the White House might actually think that China is “swaying” from tariffs. But actually, US-registered companies must pay taxes to the US Customs Department when Chinese shipments are subject to tariffs entering the US
After all, following Trump’s latest tariff announcement, Wall Street did not “engulf” US consumer stocks, such as those of Target Corp, Macy’s and Nordstorm, just for fun.
Gary Cohn, who was Trump’s chief economic adviser, said last week that U.S. tariffs on Chinese goods are neutralizing the effects of the White House tax cuts.
In addition, tariffs are affecting major ports in the western US waters, which handle container traffic coming from China. “Tariffs continue to affect the flow of goods in Long Beach, the number of goods at this port in June 2019 decreased compared to June,” California port authority said on 7/11/2019.
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