[SMM weekend News] Steel and Aluminum tariffs raise Coke's Price * Trump's Product Show is embarrassed: made in China is everywhere

This week, the steel and aluminum tariffs turned again, with Japan, the European Union and the United States pulling out of their own groups, caught off guard by a group of onlookers at the theatre, and China's situation is becoming increasingly difficult. Summer heat, affected by tariffs are also fat house happy water "Coca-Cola", the trend of economic globalization is unstoppable, aluminum products prices led to the rise in the price of filled Coke. Food and medicine has always been a major issue for people's livelihood, but now it seems to be careful to go out, after all, dogs are real dogs, vaccines are not necessarily real vaccines.

Coca-Cola CEO announces price increase in the middle of the year

According to a report by the US financial media CNBC on July 26, Coca-Cola CEO James Quincy (James Quincey) said in an interview with CNBC on the 25th that because the Trump administration of the United States has imposed tariffs on imports of steel and aluminum, The company is under increasing cost pressure. Coca-Cola will have to raise prices because of tariffs imposed by the United States on imports of steel and aluminum.

"We had to work with our beverage can partners to raise the price of Coca-Cola in the middle of this year, although it was very rare." "the imposition of tariffs on metals (steel, aluminum, etc.) is one of the many factors that led us to raise prices in the middle of the year," James Quincy said.

As a result of tariffs imposed by the United States on imports of steel and aluminum, the cost of producing beverage cans is gradually rising. However, James Quincy also said that despite the impact, Coca-Cola may still have a slight advantage over other companies because their products are made locally.

Netizen comment: for fat house, aluminum can is not cost-effective, 2.5L family affordable installation is king.

Trump White House High profile shows made in America embarrassed: made in China everywhere

It is not only unwise but also difficult to resist globalization and scientific and technological progress. There have been attempts by American journalists not to use Chinese-made goods, only to find that the cost of living has risen rapidly and the experiment has failed. And the embarrassing scene reappeared in the White House.

Chinese spoons at the "made in America" product exhibition

"made in China" spoons were used by dozens of members of Congress, US industrial giants and members of Mr Trump's cabinet at a White House "made in America" product show on Monday. This discouraged the last American tableware manufacturer present at the exhibition.

Since taking office, Trump has claimed to vigorously develop "made in America," but many of his fans bought the "make America Great again" hat from China.

Recently, however, American sellers of the hat said the price of the hat could rise as a result of Trump's tariffs.

Vendors say they want big online retailers such as Amazon and Wal-Mart to come forward and protest the Trump administration's tariffs on behalf of the small companies that use their platforms.

Make America Great cap (made in China)

2020 Keep America Great campaign Flag (made in China)

Netizen comment: let the United States great (great) did not see, embarrassing is quite embarrassing. .

Us and Europe reconcile Trump calls for a halt to the Trade War

In a joint statement issued in Washington on July 26, U.S. and European Union leaders agreed to ease the trade conflict between the two sides, saying they would work to remove tariffs and trade barriers and avoid the current simmering trade war. The US agreed not to impose tariffs on European cars, while the EU agreed to start increasing US LNG exports (China is a big buyer of US gas); The EU agreed to lower industrial tariffs, but not cars, after Mr Trump said all tariffs should be eliminated between Europe and the US; the EU agreed to unify regulatory standards for medical products; and agreed to import more US soybeans. "we will not run counter to the spirit of this agreement unless one of the parties ends the negotiations," Trump said.

Bloomberg reported on July 26 that Trump's trade settlement with the European Union has two deep implications for China. one is that the United States and the European Union have reached an agreement not to impose new tariffs and to negotiate on trade. It is clear that cooperation with allies has intensified at a time when trade disputes with China have intensified. The conclusion of a trade agreement between the United States and Europe precisely means that the possibility of a full-scale trade war between the United States and China is likely to increase further. EvercoreISI, the US investment bank, does not expect a trade settlement between the US and China until 2019.

Another view is that Trump's agreement with the EU shows the possibility of a settlement with China. Some experts see Trump's willingness to reach a trade settlement with the EU as a positive sign that a similar agreement can be reached between Trump and President Xi Jinping. In a sense, China can make far more concessions than the EU, which means more substantive results from Trump.

Trade War "Burning ticket Storehouse" American Farmers want Trade not subsidies

Trump's insistence on imposing tariffs on several major trading partners has triggered a trade backlash that has cost billions of dollars worth of US agricultural products, sparking a wave of criticism from the US agricultural community. To ease the mood of domestic farmers, Trump announced his $12 billion soybean aid plan, but American farmers responded: trade, not subsidies.

CNBC commented that soybeans, pork and beef in the United States were the worst-hit commodities in the trade war, touching the interests and bottom line of farmers in the main producing areas. And these areas are the key source of votes that brought Trump to the presidency in 2016.

Orders for more than 830000 tonnes of soyabeans exported to China have been cancelled since April, equivalent to about 14 ships, according to the USDA. At the same time, Brazilian exports to China increased significantly, with the Latin American country exporting 32.5 million tons in March and April, up 1.7 million tons, or 6 per cent, from 30.8 million tons last year.

Bloomberg interviewed soybean farmers after the USDA announced the aid plan, and the farmers were strikingly unanimous: "what we want is free trade, and it's better to get income from the market than from the government," Bloomberg said in an interview with soybean farmers after the USDA announced the aid program, saying: "what we want is free trade, and revenue from the market is better than subsidies from the government."

The attitude is also reflected in Republicans, with Senator Ron Johnson, Republican of Wisconsin, and Senator James Lankford, Republican of Oklahoma, expressing strong opposition to the plan, which he said was "going in the wrong direction."

Fake vaccines piss off public anger, Changsheng official website has been hacked

This week, the fraud of the Changsheng vaccine intensified. Recently Changsheng biological official website home page was hacked, and with the picture "do not do you, sorry for the flowers of the motherland." A reporter tried to open Changsheng biological official website to verify, found that the website can not be opened normally. The issue of long-lived vaccines has sparked outrage across the country.

Event tracking:

The State Drug Administration issued an emergency circular on July 16 disclosing serious violations such as falsification of records of freeze-dried human rabies vaccine production by Changchun Changsheng Biotechnology Co., Ltd. At present, all the products involved in the flight inspection have not yet been manufactured and sold on the market, and all the products have been effectively controlled. According to the inspection results, the State Drug Administration quickly ordered the Jilin Provincial Food and Drug Administration to withdraw Changchun Changsheng related "Drug GMP Certificate."

Liu Qiangdong, Zhang Ziyi, Hu Ke and other stars collectively condemned the act.