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On April 3, Morningstar analyst Ivan Su said that if the increased tariffs by the United States become permanent, it may affect some Asian sportswear brands. Additional tariffs will pose a challenge to some sportswear companies including Shenzhou International (02313.HK), Amer Sports (AS.US) and ASICS (ASCCY.US). He wrote that Shenzhou International is a major supplier to major sportswear brands, with 17% of its revenue coming from the United States and most of its products produced in Vietnam. If Shenzhou International shares the higher tariff costs with its customers, then in the worst case, it will have a 20% impact on earnings. At the same time, because Amer Sports and ASICS have lower profit margins in the United States than the group average, Morningstar estimates that the earnings impact of Amer Sports and ASICS will be limited to 15% and 10%, respectively.French government spokesman: (Regarding Trumps tariff measures) We are ready for this trade war.French government spokesman: France will respond to Trumps tariffs together with Europe and reiterate that it will take reciprocal measures against digital services.On April 3, Anhui Provincial Governor Wang Qingxian presided over the 66th executive meeting of the provincial government on the afternoon of April 2 to review the "Opinions on Promoting the "Double Recruitment and Double Introduction" of Emerging Industries and Improving the Quality and Efficiency of Industrial Cultivation (Version 2.0)". The meeting pointed out that promoting the "double recruitment and double introduction" of emerging industries and improving the quality and efficiency of industrial cultivation is an important measure to create an emerging industry gathering place. We should focus on optimizing the industrial ecology, promoting the coordinated advancement of investment promotion and talent attraction, deepening the integrated development of "government, industry, academia, research, finance and services", and driving the integration of science and technology, industry and talents to land and empower each other. We must adhere to cutting-edge thinking, cutting-edge observation and cutting-edge action, further improve the quality and efficiency of the operation of the industry special team, constantly launch new offensives and achieve new results, and provide more powerful support for the provinces high-quality development.On April 3, Trump announced on April 2 that he would impose a 24% reciprocal tariff on Japan. In terms of details, the United States accused Japan of imposing a 700% tariff on American rice. Given that Japan imposed a "46%" tariff on the United States, a "24%" reciprocal tariff was imposed on Japan. Japans Minister of Agriculture, Forestry and Fisheries Taku Eto responded on April 3: "Even if you calculate logically, you wont get such a number. Its incomprehensible."

Amazon union vote counts are scheduled on Thursday; turnout in Alabama has decreased

Haiden Holmes

Mar 31, 2022 10:40

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Reuters reports that On Thursday afternoon, labor board authorities anticipate to begin tallying ballots cast by Amazon.com Inc warehouse employees in New York City and Alabama in separate races that will determine if Amazon sees a U.S. workplace unionize for the first time.


Amazon workers in Bessemer, Alabama, voted in a re-election after rejecting joining the Retail, Wholesale, and Department Store Union (RWDSU) by a more than 2-to-1 majority last year. After discovering that Amazon had tampered with the vote, the National Labor Relations Board (NLRB) ordered a rerun.


The RWDSU reported on Wednesday that voter turnout in Alabama was down from last year. In the current election, around 39 percent of the 6,143 employees authorized to receive postal votes voted, down from more than 50 percent in 2021.


Workers in New York City's Staten Island borough had several hours remaining to vote on Wednesday, although turnout was not yet known.


The counts for Bessemer and Staten Island are provisionally slated to begin at 1 p.m. Eastern Time on Thursday, but that might change, according to an NLRB representative. Counting might take many days.


According to John Logan, a labor expert at San Francisco State University, the low participation may speak well for Amazon's union supporters.


"Supporters are more likely to be strong union voters," he added, adding that generalization was difficult. "Even a close election will be a type of morale booster and moral win for the RWDSU."


Amazon forwarded questions about the vote count and turnout to the National Labor Relations Board.


Parties in the Bessemer election, according to the RWDSU, have disputed hundreds of votes as invalid for counting, citing, for example, voters' employment dates, job classification, or other concerns.


These issues will be resolved once the remaining votes are tallied, and they have the potential to change the result of a tight election.