Chapter 378: US tariffs, protection fees are not paid in vain



"What's the situation in the United States now?"

Jia Yuezheng said: "Bao Sheng, the United States has specifically increased tariffs on chips, cars, mobile phones, game consoles and other products imported from Asia."

"Oh, you mean, it's not just us, but also the Kimchi Country and the Sakura Country?"

"Yes, Bao Sheng."

Bao Junyi showed a meaningful smile on his face and said with a smile, "Interesting, I didn't expect that Kimchi Country and Sakura Country were also implicated by me this time and added to the tariff list."

"Bao Sheng, the US has raised tariffs again this time, and it's clearly targeting us."

"We pay so much tax in the United States every year, but we are still targeted." Jia Yuezheng said angrily.

Bao Junyi patted him on the shoulder and said, "Old Jia, the taxes we paid before are still useful."

"Otherwise, they will go even further this time, and they might even drive us out of the US market."

"This protection fee was not paid in vain."

"Mr. Bao, you followed the rules before and didn't try to evade taxes, so you got the US Federal Tax Bureau hooked?"

Bao Junyi nodded and said, "That's right."

"The IRS has enormous power. Moreover, they manage the huge amount of tax revenue the US collects every year and dare not give face to anyone."

"Even those members of Congress have to consider their opinions."

hiss~

Jia Yuezheng was surprised and asked, "Do they have so much power?"

“But why did they still impose tariffs on us?”

"Old Jia, all forces need to be balanced. As long as you don't go too far, they will choose to turn a blind eye."

"If you cross the line or go too far, then the other party will take action."

"This time, the U.S. military struck the right balance and acted appropriately, so the IRS chose to turn a blind eye."

Jia Yuezheng said angrily: "Bao Sheng, are we just going to let this go?"

"If the tariffs increase this time, the profits of many of our products will drop significantly, and our competitive advantage over local brands will also decline."

Bao Junyi smiled and said, "No rush, let's go back to the company first."

"Okay then, Bao Sheng."

Thirty minutes later.

Located in the conference room of Miracle Building.

At this time, all the senior executives of Miracle Group rushed back to the headquarters for a meeting.

Among them are Jia Yuezheng (Vice President), Walker (General Manager of the Military Industry Department), Jiang Wenlong (General Manager of the R&D Center), Yuan Tianfan (General Manager of the Financial Department), Huo Jianlin (Kowloon Real Estate, Miracle Heavy Industries, Watsons), Michael (Miracle Industrial Park), Chu Shihan (General Manager of Human Resources), Liu Mengmeng (General Manager of Finance), He Shanheng (General Manager of Miracle Bank), etc.

Bao Junyi looked around and found that all the core senior executives were present.

He then said, "Everyone, thank you for your hard work during my absence!"

"The group has been doing well this year, making steady progress and growing revenue. I've decided to double everyone's year-end bonuses this year!"

Everyone at the scene looked at each other, still not reacting. They didn't expect the event to start like this, with money being distributed right away.

However, they reacted and said in unison: "Thank you, Bao Sheng!"

"Baosheng, you've spent a lot of money."

Bao Junyi looked at everyone's smiling faces and said with satisfaction: "This is what everyone deserves."

"After the meeting is over, you will also be notified to give the basics."

"Okay, I'll give you a birth!"

Bao Junyi nodded and said seriously: "Okay, now that we're done, let's talk about the current situation of the group."

"Mr. Liu, please tell us about the group's revenue last year."

Liu Mengmeng stood up, holding the documents and said, "Okay, I guarantee the birth."

"Our group's revenue last year exceeded 24 billion US dollars."

"Among them, Miracle Mobile's global profits exceeded US$5 billion, and Miracle Chip has been iteratively upgraded based on its original foundation, developing more advanced and stable chips, with global profits exceeding US$6 billion, mainly sold to cutting-edge global companies, including Intel, IBM, Siemens and other companies."

"As for Miracle Auto, both Audi and Miracle have undergone iterations and upgrades, releasing fuel-efficient, cost-effective vehicles that have been incredibly popular with European and American consumers, generating over $3 billion in global revenue. As for the Miracle Dragon Knight supercar, it's a favorite among the world's wealthy, with its various limited editions in short supply. This year's profits have reached $2 billion."

"Secondly, nine is the Miracle arcade. Originally, the arcade machines only released a few games each year, but profits dropped to just over 100 million per year. However, the home consoles launched by Miracle Group are incredibly popular with game fans around the world, outperforming game manufacturers like Nintendo, Namco, and Atari, with annual profits reaching $3 billion."

"This doesn't include game cartridges, peripheral toys, or licensing fees. These peripheral products and game cartridges generate $1.5 billion in profit each year."

"As for the last few investments, such as Miracle Heavy Industries (shipbuilding), Watsons, Kowloon Real Estate, and major infrastructure companies in Hong Kong, the current returns are not high, and most of the money has been reinvested in the company's development."

...

"Currently, the group still has $7.256 billion in its account."

All the senior executives present were shocked by the group's revenue.

They had never imagined that the group would be so profitable and grow to such a terrifying size in just a few years.

Bao Junyi nodded in satisfaction, waved for them to sit down, and then said, "Everyone, the group developed well last year. However, for larger companies, collapse may only take a moment."

"What's more, the group spent over $10 billion on research and development alone last year."

"These do not include the group's project investment, equipment procurement funds, and personnel expenses."

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