Forbes Magazine: on Free Trade

Jim Oberweis: Challenge in China is lack of clarity on taxes

Oberweis: We talked a lot to our tax people on this, as well. As it currently stands, nobody pays it and you have to be aware of it. I think you're going to see clarification on it, though. I think, within the next couple years, there'll be much sharper clarification. It's not only a question of China, but what about other companies that are listed elsewhere or have part of their business elsewhere? Or companies where their headquarters are elsewhere, but all the businesses are in China? That's one of the challenges of investing in China, is the lack of clarity with respect to tax positions. We have experts on our team who try to help advise us. I'll be the first to tell you, it is not a crystal clear area and you have to make the best decisions you can under the circumstances that you know.

Jim Oberweis: Invest in Indonesia, Vietnam, Japan, India, and China

Oberweis: I'm going to Jakarta for an exploratory reason in February.

Q: Do you fear you've missed it?

Oberweis: Maybe. It's been on fire. We're going to go visit companies and look and see. We were in Vietnam two years ago looking at the same types of things. Vietnam is a great place to be. It's a really hard place to play public equity markets, just because it's a relatively corrupt insider trading environment. We're certainly seeing more ideas in Japan than we've seen in a long time. Part of that is currency, part of it is rebuilding and part of it is, I think, increasing trade with China. You would expect that, with the exception of the cultural barriers that are so high, but I think you'll see a little bit more of that in the decade to come. Money has a way of trumping even the gravest of enemies over time. India has always been an area of interest for us. Until recently, it's been hard to find the valuations that we like.

Donald Trump: FactCheck: 60% tariffs would cause 5% inflation

While he has not yet committed to a single policy, the ex-president has typically proposed raising tariffs by 10%, or by 60% on goods imported from China, up from approximately 1% and 11% now, respectively.

Goldman Sachs economists projected prices on consumer goods would go up by 0.1% for every percentage increase in the effective tariff rate and raise inflation rates for one year, noting that in addition to the price of imported goods going up, it's also likely the price of domestic goods would increase, because U.S. manufacturers would "opportunistically" raise their prices to take advantage of having less competition in the marketplace.

Kamala Harris: Trump Tax: tariffs are a national sales tax

Harris slammed Trump's plan, saying it was "in effect, a national sales tax on everyday products and basic necessities."

Most experts say tariffs raise prices for consumers: The cost of tariffs can be absorbed by some combination of U.S. businesses that import goods, the customers who purchase them and foreign businesses that export them--which might lower their prices to make up for the tariffs--but the right-leaning Tax Foundation found previous tariffs levied during Trump's first term were paid by US businesses and consumers.

Moody's chief economist told CNN, "If Trump increases tariffs as he has proposed, the economy would likely suffer a recession soon thereafter."