US firms fear retaliation to Donald Trump’s tariffs will be ‘final nail in the coffin’ for 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. 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, with Beijing saying it “will have no choice but to implement countermeasures”. Jaime Castaneda, senior vice-president of the US Dairy Council, said much ...
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