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TVs. Dishwashers. Printers.Get ready: These are just some of the products that could get more expensive if the United States moves forward with proposed tariffs on billion worth of Chinese products, and companies decide to pass the cost of the new taxes on to customers.On Tuesday, the Trump administration identified about 1,300 exports from China that could be targeted in the wake of a months-long investigation into intellectual property theft. The lengthy list includes a wide range of items, from airplane parts to syringes.The 25% tariff, which would be applied to all products, won't go into effect immediately. And the list isn't final. There's still time for businesses to lobby the government to remove certain items, and additional products can still be tacked on.But the current list would almost certainly lead to higher price tags on consumer electronics and various home appliances — including flat-screen TVs and home dishwashers."There's potential this a major hit to the pocketbooks of Americans, based on what we're seeing right now," said Jack Cutts, senior director of business research at the Consumer Technology Association.The USTR is also weighing tariffs on a number of key components in electronic devices, such as LED lights, copper wire, and capacitors and resistors. It's possible that companies will ask consumers to pay more to make up for higher costs in the supply chain."We're down at the basic building blocks of consumer electronics," Cutts said. These parts are included in items from computers to printers to smart refrigerators and coffeemakers, he said.The USTR list contains a lot of other inputs in final products, like screws, pulleys and motor parts.Whether prices rise will ultimately depend on the availability of substitutes, said Brad Setser, senior fellow for international economics at the Council on Foreign Relations.And companies might find ways to skirt the tariffs by making greater use of manufacturing facilities in other countries, like Brazil and Vietnam."Simply because it costs Apple that much more doesn't mean the consumer will pay [that much] more," said Awi Federgruen, a Columbia Business School professor who studies supply chain management.There's no easy way to determine if companies will decide to raise prices — and if so, by how much.Still, higher prices of any kind could make things tough on stores and shoppers — especially during the upcoming holiday season."These tariffs might be Grinch tariffs," said David French, senior vice president of government relations at the National Retail Federation. He noted that retailers will make decisions about where to source what they sell in December in coming weeks.Right now, companies are combing through their supply chains to see whether they might be impacted.The USTR list included a lot of general manufacturing equipment, so there could be additional revelations about affected products in the days and weeks to come.For example, even though clothing, shoes and toys were excluded from the initial list, parts and machinery used to manufacture these items may have been included, which could affect pricing.There are also lingering concerns that such items may find their way into the final draft."Items like apparel and footwear that are not on the list today, may suddenly materialize or appear on a later list," French said. 3388
TWIN LAKES, Colo. -- Riley Tinkham has done something very special with his dad's prized Porsche.He inherited the 1982 model when his father, Richard, died of complications from cancer in 2016. The car had been sitting in a garage for several years, so Tinkham fixed it up.Earlier this summer he took the car and parked it in front of his house in Twin Lakes, Colorado. He adorned it with a couple of inspirational quotes, one on each side of the Porsche.He borrowed one of them from Mark Twain."Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."He said the second quote is from Billy Cox, a motivational speaker."Life will only change when you become more committed to your dreams than your comfort zone.""I think that's a really poignant quote today," Tinkham said, "with how many comforts we have in life, how much technology we have. Everything is easier than it's ever been."After seeing the quotes, Tinkham's friend, Bob Dalzell, who operates a coffee shop on wheels called Percolated Peaks, suggested that he leave a magic marker out for others to add their own inspiration.So he did."Not all who wander are lost," one woman wrote."Live life, have fun, kick ass," a man wrote."The mountains are calling and I must go," wrote another woman.Tinkham told KMGH he's enjoyed seeing the next level his car has gone to."I'm being inspired," he said. "To see that shared with other people is really rewarding." Tinkham said the orange paint is removable and he plans to peel it off in the spring and start a new project with the special car. 1789
Tuesday's Mega Millions drawing is for a jackpot of .6 billion, the nation's largest-ever win — if someone can pick the correct numbers. And to increase the odds of winning, people often pull together funds and setup a pool. But there's some things you should know first.“I know it’s the way of the world and it’s good for camaraderie, but I don’t like office pools one bit,” said "Lottery Lawyer"?Jason Kurland in the New York Post. What's wrong with a pool? Well, things can get messy fast.Take for example the eight hair stylists who won a .5 million Hoosier Lotto jackpot in Indiana in 2013. 628
TUCSON, Ariz. (AP) — President Donald Trump's dad dancing to the Village People's "YMCA" is turning out to be a hit at his campaign rallies. On stage, Trump pumps his fists, bops, and lurches — sometimes to the beat. Backstage, top staff and campaign aides often join in, offering more traditional moves and using their bodies to spell out Y-M-C-A. Trump's rally dance has emerged as a rare moment of levity in an otherwise miserable campaign year marked by a deadly pandemic, an economic recession, and racial turmoil. His dance has spawned a TikTok video challenge and a parody on "The Late Show with Stephen Colbert." 628
US Ambassador to the United Nations Nikki Haley said the United States was prepared to sustain its pressure on Syria after a night of military strikes meant to cripple the country's ability to use chemical weapons, as Russia accused Washington of "hooliganism" and a major breach of international law."The time for talk ended last night," Haley told the UN Security Council. "We are prepared to sustain this pressure, if the Syrian regime is foolish enough to test our will."The United States is locked and loaded," she said. "When our President draws a red line, our President enforces a red line."Haley blasted Russia for protecting Syria and said Moscow has emboldened Syrian President Bashar al-Assad's regime to continue its attacks, while the Russian ambassador to the UN said Washington had embarked on an "illegal military adventure." 850