China and the US trade blame as tariff threats loom
Tensions between Beijing and Washington have steadily risen since then.
That has left some bracing for the possibility that tariffs could remain in place for a prolonged period of time and be expanded to a broader range of products. Tensions between Beijing and Washington have steadily risen since a breakdown in negotiations in May, dimming hopes for a detente between the largest economies as they remained mired in an escalating trade war.
That has left some bracing for the possibility that tariffs could stay in place for a prolonged period of time and be expanded to a broader range of products.
"But I think instead what we got was a game-changing increase in the tariff rate and a realization from thousands of companies that hope is no longer a strategy and that we could be in this for the long haul," added Keare, who advises businesses like Broadcom, Starbucks, and Apple.for the US on Tuesday, saying its citizens had been subject to what it called harassment by American law enforcement.
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