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“One of the most difficult things about market share is once you lose it, it is very hard to get back.”. Companies in the wholesale and retail sectors have suffered the most from U.S. tariffs, while agriculture-related businesses have been most hit by Chinese measures, the survey found. The survey was conducted between Sept. 21 and Oct. 10, shortly after the U.S. imposed tariffs on another $200 billion worth of Chinese goods. That prompted Beijing to retaliate with additional tariffs on $60 billion of U.S. products, escalating a tariff war between the world’s two largest economies.
The U.S, duties are set to rise sharply on Jan, 1, Both Washington and Beijing appear to be digging in for a long battle, though U.S, officials say President Donald Trump would go through with plans to meet Chinese President Xi Jinping at the G20 summit next sterling silver cufflinks monogrammed month if it looked like the discussions would be positive, Nearly 80 percent of the survey respondents said the tariffs have knocked their businesses, with U.S, tariffs having slightly more impact than the Chinese ones, Around 85 percent of U.S, companies said they have suffered from the combined tariffs, compared with around 70 percent of their Chinese counterparts, Companies from other countries also reported similar impacts as their American counterparts..
The top concern of companies surveyed was the rising cost of goods sold, which resulted in reduced profits. Other concerns included difficulties managing procurement and reduced sales. One-third of companies estimated the trade dispute had reduced business volumes ranging from $1 million to $50 million, while nearly one in 10 manufacturers reported high-volume business losses of $250 million or more. Nearly half the companies surveyed also said there had been an increase in non-tariff barriers, including increased bureaucratic oversight and slower customs clearance. Analysts have warned of such a risk to U.S. firms as China is increasingly unable to match U.S. measures on a dollar for dollar basis.
TORONTO (Reuters) - U.S, cannabis retailer Curaleaf Holdings Inc (CURA.CD) opened lower in its trading debut in Toronto on Monday after amassing $400 million in the biggest equity raising in Canada’s marijuana industry, Curaleaf opened at C$8.70 on the sterling silver cufflinks monogrammed Canadian Securities Exchange (CSE), lower than the offer price of C$11.45, It recovered to trade 18.4 percent higher at 10:26 a.m, ET but remained below the issue price at C$10.30, That compared with a 3.8 percent fall in the Horizons Marijuana Life Sciences Index ETF (HMMJ.TO)..
Curaleaf’s raising was almost triple its intended $150 million offering, giving it a market value of about $4 billion in the biggest-ever reverse takeover on the CSE. Reverse takeovers allow companies to go public by rolling into listed shell corporations. The lower trading price “is not unusual when a company increases the size of the raise,” said Russell Stanley, managing director for equity research at Beacon Securities. “We’ve also seen a rough couple of weeks for the cannabis space as a whole.”.
The marijuana industry saw a flurry of capital raisings and acquisitions, as well as strong share price rallies before Canada’s legalization of recreational cannabis on Oct, 17, Since then, cannabis shares have retreated on profit-taking and concerns about valuations, Even so, Curaleaf’s raising attracted more than 100 institutional investors, according to the company, Those institutions, from the United States, Canada and Europe, accounted for 90 percent sterling silver cufflinks monogrammed of demand, Boris Jordan, executive chairman of the Wakefield, Massachusetts-based company, told Reuters..
“We were quite surprised by the demand,” Jordan said. “Being one of the larger players in the U.S., there was a lot of attraction in investing in a company that has a multi-state footprint.”. Curaleaf owns 28 dispensaries, 12 cultivation and 9 processing sites in 12 U.S. states. It plans to grow to 41 stores by year end, and to over 69 by the end of 2020, with cultivation also expanding, Jordan said. With the company focused on the United States, it will likely open stores in Ohio and Illinois next, Jordan said.
WASHINGTON/SINGAPORE (Reuters) - Shortly after U.S, President Donald Trump announced in sterling silver cufflinks monogrammed May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero, The strategy is meant to cripple Iran’s oil-dependent economy and force Tehran to quash not only its nuclear ambitions, but this time, its ballistic missile program and its influence in Syria, With just days to go before renewed sanctions take effect Nov, 5, the reality is setting in: three of Iran’s top five customers – India, China, and Turkey - are resisting Washington’s call to end purchases outright, arguing there are not sufficient supplies worldwide to replace them, according to sources familiar with the matter..