The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.
"If it does however result in US companies, to one degree or another, vacating the China market that would presumably open opportunities for Chinese companies to fill the void," Stephen Olson, research fellow at the nonprofit Hinrich Foundation, said in an email Sunday.
"It is important to keep in mind that US business has been a positive example for progress in China ... American companies bring ideas, values, and examples that are pervasive, consistent catalysts for progress," said Parker. On the other hand, if U.S. companies left China, they would miss out on a major global growth opportunity.
" Chinese companies are cutting some of the prices at which they sell to the U.S.," he said in a phone interview earlier this month.Source: Panjiva, the supply-chain research unit at S&P Global Market Intelligence. Calculations based on figures by the U.S. Bureau of Labor Statistics.
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.
China tariffs fuel Trump 'order' for firms to cut China tiesTrump is is threatening to use the emergency authority granted by a powerful, but obscure federal law to “order” U.S. businesses to cut ties in China after it announced plans to raise tariffs on $75 billion in U.S. imports.
Lire la suite »
Trump claims he has 'absolute right' to order US companies out of China under 1977 lawPresident Trump claims he has the 'absolute right' to order US companies to stop doing business with China under 1977 law
Lire la suite »
Trump on US-China trade war: 'I could declare a national emergency'Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.
Lire la suite »
Trump Aides Say He Isn’t Ordering U.S. Companies Out of ChinaPresident Trump didn’t order U.S. companies to leave China and has no plans to invoke emergency powers to force them to relocate their operations, top administration officials said on Sunday, after a tumultuous week for trade negotiations.
Lire la suite »
Trump is meeting with world leaders at G7 as he escalates US-China trade warThe summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.
Lire la suite »