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Envelope-to: bmiller@thelogomasters.com
Delivery-date: Fri, 13 Dec 2019 11:19:04 -0600
Message-ID: <006e202f-b117-4a6c-a8d3-4f933b35378b@atl1s07mta842.xt.local>
Date: Fri, 13 Dec 2019 11:18:20 -0600
Subject: Breaking News: President Trump Announces =?utf-8?Q?=E2=80=98Pha?=
 =?utf-8?Q?se_One=E2=80=99?= Trade Deal, Tariff Rollback
From: Counselor PromoGram <counselorpromogram@asicentral.com>
To: bmiller@thelogomasters.com
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Counselor PromoGram
Breaking News Alert

Breaking News: President Tru=
mp Announces =E2=80=98Phase One=E2=80=99 Trade Deal, Tariff Rollback

P=
resident Donald Trump said Friday that the U.S. and China have agreed to a =
=E2=80=9CPhase One=E2=80=9D trade deal that will result in a reduction in s=
ome tariffs on Chinese imports, including items the promo products industry=
 sells like T-shirts.=20

The president also noted that the new duties sc=
heduled to take effect on Sunday, December 15 on more than $160 billion in =
China-made products will now not be implemented.=20

The news carries sig=
nificance for the American promotional products industry, which has dealt w=
ith rising product prices, market uncertainty, supply chain disruption and =
more as a result of the trade war and its tariffs. The vast majority of pro=
ducts the industry sells in the United States are produced in China.=20

=
On Twitter, Trump indicated that the tariffs that went in effect on $112 bi=
llion in Chinese products on September 1 this year will be reduced from 15%=
 to 7.5%. The remaining duties of 25% on $250 billion or so in China-made g=
oods will remain in place. Products sold in the promo industry that could s=
ee a reduction in tariff rate include T-shirts, jackets, pullovers, sweater=
s, certain writing instruments and more. Certain types of bags, select drin=
kware as well as tech and accessory items will continue to be affected by t=
he 25% tariffs.

Immediate promo industry reaction to the Phase One dea=
l was mixed.=20

=E2=80=9CThis is a long time coming, and it=E2=80=99s ob=
viously very good news for our industry. It appears we have turned a very i=
mportant corner,=E2=80=9D Eddie Blau, CEO of Top 40 supplier Innovation Lin=
e (asi/62660), told Counselor. =E2=80=9CFirst of all, it seems the time of =
ever increasing and additional tariffs is over for now, giving our industry=
 some sense of predictability moving forward. Secondly, it means that after=
 suppliers bleed down their existing inventory, prices will start going dow=
n. And lastly, I hope it means the economy will be on firmer footing headin=
g into 2020, potentially keeping our country=E2=80=99s economic expansion a=
live and well.=E2=80=9D

Others viewed the deal through a more skeptica=
l lens.=20

=E2=80=9CIt's good, but not great, news for the industry in t=
he short and medium-term,=E2=80=9D said Joshua White, general counsel and s=
enior vice president of strategic partnerships for Top 40 distributor BAMKO=
 (asi/131431). =E2=80=9CI still think the long-term trend is toward a decou=
pling from China and continued strife in the U.S.-China relationship.=
=E2=80=9D=20

Additionally, White told Counselor he=E2=80=99s not confide=
nt the deal will fully take hold or be lived up to by the world=E2=80=99s t=
wo largest economies. =E2=80=9CYou've got parties on each side of this agre=
ement that, for entirely different reasons, have proven themselves to be un=
reliable throughout the course of this conflict,=E2=80=9D White said. =
=E2=80=9CI think promo will slowly continue to do what we've been doing at =
BAMKO for more than a year now, which is diversifying supply chains and exp=
anding product sourcing footprints out of China to places like Vietnam, Ind=
ia and Bangladesh.=E2=80=9D=20

For more on this and other important prom=
o news stories, visit www.asicentral.com/news and look for Counselor=
=E2=80=99s e-newsletter, PromoGram, publishing Tuesday, Thursday and Saturd=
ay.=20



Advertising Specialty Institute=C2=AE, 4800 Street Road, Tr=
evose, PA 19053=20

This email was sent to: bmiller@thelogomasters.com as=
i/8366064

For questions/inquiries or to unsubscribe from all ASI email=
s, please contact our Customer Service Team at customerservice@asicentral.c=
om.

Unsubscribe from this list: https://go.asicentral.com/distpromogra=
m-optout?ehash=3D8bcfdc436833fe8b3be168f56da27bca941775ee33b97fbf71886bc59f=
946403&email_id=3D563195899&epc_hash=3DqrDaq2JEZ1X_C6PgwSV0O1_ewvEQtKuoiTyb=
DXBtYuU=20
Manage your email preferences: https://go.asicentral.com/e/14818=
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com?h=3DXVYnEyRfDsX-6kPfvtupcFeKwvJttkPoz0grO0kSe24

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&nbsp;

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ounselor PromoGram</font></strong><br>
=09=09=09=09=09=09=09=09=09<font f=
ace=3D"Arial, Helvetica, sans-serif" size=3D"4">Breaking News Alert </font>=
</p>
=09=09=09=09=09=09=09=09=09</td>
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=
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=09=09=09=09=09=09=09=09=09=09=09=09<td class=3D"">&nbsp;</td>
=
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=09=09=09=09=09=09=09=09=09=09=09<=
tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"left" class=3D""><p>=
<strong><font face=3D"Arial, Helvetica, sans-serif" size=3D"2"><!-- Insert =
Article Title  --></font></strong></p>

<p><span style=3D"font-size:14p=
x;"><span style=3D"font-family:verdana,geneva,sans-serif;"><b>President Tru=
mp Announces =E2=80=98Phase One=E2=80=99 Trade Deal, Tariff Rollback</b></s=
pan></span><strong><font face=3D"Arial, Helvetica, sans-serif"><!-- END Art=
icle Title  --> </font></strong></p>
<!-- Paragraph 1 -->

<p><span s=
tyle=3D"font-size:12px;"><span style=3D"font-family:verdana,geneva,sans-ser=
if;">President Donald Trump said Friday that the U.S. and China have agreed=
 to a =E2=80=9CPhase One=E2=80=9D trade deal that will result in a reductio=
n in some tariffs on Chinese imports, including items the promo products in=
dustry sells like T-shirts.<br>
&nbsp;<br>
The president also noted tha=
t the new duties scheduled to take effect on Sunday, December 15 on more th=
an $160 billion in China-made products will now not be implemented.<br>
&=
nbsp;<br>
The news carries significance for the American promotional prod=
ucts industry, which has dealt with rising product prices, market uncertain=
ty, supply chain disruption and more as a result of the trade war and its t=
ariffs. The vast majority of products the industry sells in the United Stat=
es are produced in China.<br>
&nbsp;<br>
On Twitter, Trump indicated th=
at the tariffs that went in effect on $112 billion in Chinese products on S=
eptember 1 this year will be reduced from 15% to 7.5%. The remaining duties=
 of 25% on $250 billion or so in China-made goods will remain in place. Pro=
ducts sold in the promo industry that could see a reduction in tariff rate =
include T-shirts, jackets, pullovers, sweaters, certain writing instruments=
 and more. Certain types of bags, select drinkware as well as tech and acce=
ssory items will continue to be affected by the 25% tariffs.<br>
&nbsp;<b=
r>
Immediate promo industry reaction to the Phase One deal was mixed.<br>=

&nbsp;<br>
=E2=80=9CThis is a long time coming, and it=E2=80=99s obvio=
usly very good news for our industry. It appears we have turned a very impo=
rtant corner,=E2=80=9D Eddie Blau, CEO of Top 40 supplier Innovation Line (=
asi/62660), told Counselor. =E2=80=9CFirst of all, it seems the time of eve=
r increasing and additional tariffs is over for now, giving our industry so=
me sense of predictability moving forward. Secondly, it means that after su=
ppliers bleed down their existing inventory, prices will start going down.&=
nbsp;And lastly, I hope it means the economy will be on firmer footing head=
ing into 2020, potentially keeping our country=E2=80=99s economic expansion=
 alive and well.=E2=80=9D<br>
&nbsp;<br>
Others viewed the deal through=
 a more skeptical lens.<br>
&nbsp;<br>
=E2=80=9CIt's good, but not grea=
t, news for the industry in the short and medium-term,=E2=80=9D said Joshua=
 White, general counsel and senior vice president of strategic partnerships=
 for Top 40 distributor BAMKO (asi/131431). =E2=80=9CI still think the long=
-term trend is toward a decoupling from China and continued strife in the U=
.S.-China relationship.=E2=80=9D<br>
&nbsp;<br>
Additionally, White tol=
d Counselor he=E2=80=99s not confident the deal will fully take hold or be =
lived up to by the world=E2=80=99s two largest economies. =E2=80=9CYou've g=
ot parties on each side of this agreement that, for entirely different reas=
ons, have proven themselves to be unreliable throughout the course of this =
conflict,=E2=80=9D White said. =E2=80=9CI think promo will slowly continue =
to do what we've been doing at BAMKO for more than a year now, which is div=
ersifying supply chains and expanding product sourcing footprints out of Ch=
ina to places like Vietnam, India and Bangladesh.=E2=80=9D<br>
&nbsp;<br>=

For more on this and other important promo news stories, visit <a href=
=3D"https://go.asicentral.com/e/148181/news/4mn5xx/563195899?h=3DXVYnEyRfDs=
X-6kPfvtupcFeKwvJttkPoz0grO0kSe24">www.asicentral.com/news</a> and look for=
 Counselor=E2=80=99s e-newsletter, PromoGram, publishing Tuesday, Thursday =
and Saturday.</span></span></p>
<!-- End Paragraph 5 --></td>
=09=09=09=
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<table align=3D"center" border=3D"0" cellpadding=3D"10" cellspaci=
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=09=09=09<td align=3D"right" class=3D""><font face=
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an style=3D"font-size:10px;"><span style=3D"font-family:verdana,geneva,sans=
-serif;">This email was sent to: bmiller@thelogomasters.com asi/8366064<br>=

=09=09=09For questions/inquiries, please contact Customer Service at <a =
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=09=09=09<span style=3D"font-size:10px;"><span s=
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