Here is how China is really 'paying' for tariffs:
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.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
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
Lire la suite »
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...
Lire la suite »
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...
Lire la suite »
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.
Lire la suite »
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.
Lire la suite »
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?
Lire la suite »
'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.'
Lire la suite »
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
Lire la suite »
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
Lire la suite »
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.
Lire la suite »