Sourcing Move News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Part of the pain on them rather than pain on us. we're seeing production, investment, supply chain, sourcing move -- it's hemorrhaging from china. and the good news is, it's going into southeast asia and it's coming here. >> you and the administration keep on saying that the entire burden of these tariffs and this trade war is -- >> and that is absolutely true. >> a study from researchers at harvard, university of chicago, imf and federal reserve bank in boston in may found u.s. importers are shouldering 95% of the price change from the tariffs and china shouldering only 5%. >> that dog won't ...

Golf resort and heading back to washington. take a look at live pictures right there from morristown, new jersey, where the president is expected to depart at any moment. on his agenda when he returns to the white house, the u.s./china trade war which has everyone from the farm belt to wall street on edge. the president tweeting about the situation last hour saying that the u.s. and china are talking. this as his top economic advisers push forward with a unified message. china, not the u.s., is feeling the pain, they say. >> china is bearing the entire burden of the tariffs in terms of -- >> t...

Why does that matter for us? that will lift europe. they'll buy more of our exports and that will help everything. i see a bullish scenario. >> not at all about the trade wars or tariffs have anything to do with this? >> that's correct. the tariffs are hurting china. china is bearing the entire burden of the tariffs. >> that's not -- >> hang on. >> what a lot of experts say. >> this is what this expert says. what we see here unequivocally is china is bearing the burden by lowering their prices. they lowered the value of the yuan by 12% to offset the tariffs. here's the most important part of t...