Share to linkedin
The other way China is paying for the trade war is losing its role as the go-to nation in the global supply chain. Talk to an American company sourcing parts in China and you will hear the same thing: In the overall scheme of things, it looks like Chinese exporters can absorb all of an estimated $75 billion to $100 billion in higher costs due to tariffs. China's GDP expanded by $1.3 trillion last year.
Besides paying the price for trade wars at the port, U.S. companies may also pay for it on the NYSE. Especially the big ones that rely on China for manufacturing and sales, like Apple. The U.S. raised the tariff rate to 25% from 10% on $200 billion of China goods, effective May 10 and excluding goods-in-transit. On May 13, China responded by announcing four tiers of 25%, 20%, 10% and 5% tariff rates on $60 billion of goods effective June 1. The same day the U.S. Trade Representative requested for public comments on a proposal to impose up to 25% duty on further imports from China valued around $300 billion.
How about the Chinese government subsidies to companies/industries impacted by tariffs?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As Trump fights with China over trade, U.S.-China economic relationship already being redefinedThe trend of U.S. companies serving Chinese consumers with products made in China could pose a significant challenge to Trump’s “America First” agenda Whose side is WAshington Post on: America's or China's? it seems like China's. Boycott China. Even Chuck Shummer agrees. Paradise Lost - Trump
Source: washingtonpost - 🏆 95. / 72 Read more »
China cancels U.S. pork import order as U.S.-China trade war drags onThe same week U.S. President Donald Trump announced sweeping increases on tariff... I wonder if any Trump supporters are hog farmers? Whoo Hoo....MORE BACON FOR US!! I’ll buy some. ✔️. Bacon for all
Source: Reuters - 🏆 2. / 97 Read more »
China still 'cautiously optimistic' on U.S. trade talks despite new tariffsChina and the United States have agreed to hold more trade talks in Beijing, Vic... LOL! Couldn’t argue his way out of a voluntary questioning!..... Rosemary Gibson on America’s Dependence On China for Medicine
Source: Reuters - 🏆 2. / 97 Read more »
George Conway mocks Donald Trump's 'easy' suggestion for avoiding tariffs on China“Precisely the sort of economic wisdom you’d expect,' George Conway tweeted. Does Donald know how tariffs work? 😂😂😂 Criticizing Trumps trade ideas, but couldnyoffer a better alternative if his fat ass life depended on it. Trump must be afraid Kellyanne Conway would write a nasty book otherwise he'd dump her. BTW -George Conway IS the ugliest human on planet!
Source: Newsweek - 🏆 468. / 52 Read more »
The U.S.-China trade war just got a lot worse. And there’s no quick fix for relationsSenior U.S. and Chinese trade officials met over two days in Washington, but talks broke off Friday without signs that they were any closer to resolving their differences. Interesting news: As Pres Donald Trump reignites a trade war with China, he has found an ally in at least one key Democrat – Senate Minority Leader Chuck Schumer . . In a tweet, he urged the president to 'hang tough on China.' Can't imagine that the LAT's will report this. Won’t be much longer until Democrats are rallying behind China, they already hate America
Source: latimes - 🏆 11. / 82 Read more »
As U.S. Raises Tariffs, China Faces Nagging Debt QuestionsChina pumped heavy doses of stimulus into its economy to manage a slowdown. With new pressure from U.S. tariffs, should it add even more? Somewhat complicated to do so with the high interest rates coming... Boom Emperor for life must have all the answers
Source: WSJ - 🏆 98. / 63 Read more »
'SNL' asks what it would take for GOP leaders to leave Trump'The best way to uphold the law is to be above it, Chuck,' Kate McKinnon's Lindsey Graham says on SNL's version of 'Meet the Press.' So NBC is now reporting on SNL skits. Think about that for a minute.
Source: NBCNews - 🏆 10. / 86 Read more »
China trade talks end with no win for TrumpThe United States and China wrapped up another round of trade talks Friday with no resolution on when tariffs on hundreds of billions of dollars worth of goods would be removed BillionDollarLoser Trump rules! That’s because the time is now to take care of the China issue! He has bipartisan support on this!
Source: politico - 🏆 381. / 59 Read more »
Analysis | Debate over Hong Kong’s proposed extradition law devolves into a scuffle in the legislative councilAnalysis: Debate over Hong Kong’s proposed extradition law devolves into a scuffle in the legislative council Perspective: China promised autonomy for Hong Kong. Their word on trade is just as good.
Source: washingtonpost - 🏆 95. / 72 Read more »
China is ready for talks but will not yield to US pressure on tradeThere are no winners in a trade war, and China does not want to fight but is not afraid to do so, the ruling Communist Party’s People’s Daily said in a commentary due for publication on Monday.
Source: trtworld - 🏆 101. / 63 Read more »