US firms fear retaliation to Donald Trump’s tariffs will be ‘final nail in the coffin’ of exports to China

//US firms fear retaliation to Donald Trump’s tariffs will be ‘final nail in the coffin’ of exports to China

US firms fear retaliation to Donald Trump’s tariffs will be ‘final nail in the coffin’ of exports to China

As the United States prepares to increase tariffs on US$200 billion of Chinese goods to 25 per cent from Friday, American companies are fearful China’s retaliation will kill off their exports to the world’s biggest consumer market.After the US government confirmed the tariff increase from 10 per cent to 25 per cent by filing a notice with the Federal Register, the official portal for public policy updates, Beijing said it “will have no choice but to implement countermeasures”.Jaime Castaneda,…

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By | 2019-05-09T22:45:08+00:00 May 9th, 2019|Headlines|Comments Off on US firms fear retaliation to Donald Trump’s tariffs will be ‘final nail in the coffin’ of exports to China