U.S.-China trade talks end with no deal!
May 10 , 2019
U.S.-China trade talks end for the day with no announcement of a deal. The 25% Tariff hits directly at the heart of the Surveillance Industry.
Many High Quality Camera System Brands come from outside China, a large number of High Quality Security & Surveillance Products have emerged from China and will be instantly affected.
While Some Business will be concerned others say no big deal, if my price goes up I will just raise my prices. A 25% bump in cost could be devastating so PAM Distributing is one business that is deeply concerned. Many of our customers have pending jobs based on previous quotes so working to hold our quoted price is a very big deal to us.
Trade talks between the U.S. and China have ended for the day Friday with no announcement of an agreement.
"They were constructive discussions between both parties, that’s all we are gonna say. Thank you,” Treasury Secretary Steven Mnuchin said, according to tweets from reporters waiting outside the office of the U.S. trade representative, where the talks were held.
The end to the negotiating round follows a series of tweets from President Trump earlier Friday defending his decision to more than double tariffs on $200 billion worth of Chinese imports, putting the rest of the world on notice that he will follow through on his protectionist agenda no matter the blowback.