US business fury at ‘catastrophic’ higher trade tariffs on Chinese imports

And so it has come to pass: the US has hiked tariffs on $200bn-worth of imported goods from China – and China has vowed to retaliate. 
Tariffs have now gone up from 10% to 25% on a wide range of goods, set to impact the perishables, chemicals, construction, industrial, electronics, transport and FMCG industries and, for the first time, a wide range of textiles, among other things. 
While today was always the deadline, negotiations between …

The post US business fury at ‘catastrophic’ higher trade tariffs on Chinese imports appeared first on The Loadstar.

Source: The Loadstar

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