Exporters from China woke up on Tuesday to the news that President Trump has pressed forward with what was previously considered the “nuclear option” in the long-running trade war via scmp_news
Jake Parker, vice-president at the U.S.-China Business Council in Beijing, which lobbies on behalf of U.S. companies in China, said that “things are moving in the wrong direction on these issues”.
This view is shared by pro-trade lobbyists in the U.S., who have accused Trump of misunderstanding tariff payments. Trump has repeatedly said that Chinese exporters will bear the brunt, but a common refrain in recent weeks among trade lobbyists is that “tariffs are a tax on U.S. consumers”. Lawyers representing companies in Hong Kong who export to the U.S. via mainland China expect business to take a big hit.
Peepels said that a lot of the companies he represents are in the middle of filing initial public offering documentation and are “scrambling to make sure their IPO prospectuses do not have any material misstatements about what the tariffs are, or how their business will be impacted”.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Explainer: Who pays Trump's tariffs - China and other exporters or U.S. customers?U.S. President Donald Trump said on Sunday he would raise tariffs to 25 percent from 10 percent on $200 billion of Chinese goods. The United States has levied tariffs on a total of $250 billion of Chinese imports, global steel and aluminum imports, and shipments of washing machines and solar panels
Weiterlesen »
US tariffs on China jump as deadline passes, China immediately says it will retaliateThe Trump administration is hiking duties on $200 billion worth of Chinese products to 25% from 10%.
Weiterlesen »
China's Sinopec, CNPC skip Iran oil buys for May as U.S. sanctions waivers end: sourcesChina Petrochemical Corp (Sinopec Group) and China National Petroleum Corp (CNPC...
Weiterlesen »
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
Weiterlesen »
Sinopec, CNPC skip Iran oil purchases for May to avoid U.S. sanctionsChina Petrochemical Corp (Sinopec Group) and China National Petroleum Corp (CNPC...
Weiterlesen »
China April bank lending seen moderating, policy support still on track: Reuters pollNew bank loans in China likely pulled back in April from strong levels the previ...
Weiterlesen »
Trump says tariffs only hurt China, but top adviser Kudlow admits 'both sides will suffer''There is no reason for the U.S. Consumer to pay the Tariffs, which take effect on China today,' Trump said. But his top economic adviser disagrees.
Weiterlesen »
Companies scramble to prepare for Trump's new taxes on Chinese goodsTariffs on $200 billion worth of consumer products and other goods from China are set to more than double on Friday per Trump’s orders.
Weiterlesen »
Trump's favorite scorecard for the US-China trade war improved in MarchThe gap between American products shipped abroad and goods the US imported ticked up in March, while the deficit with China narrowed to a 5-year low.
Weiterlesen »