Chinese companies brace for tariff hike as trade talks with US begin - News Summed Up

Chinese companies brace for tariff hike as trade talks with US begin


Amber Chen, sales manager for a vacuum cleaner manufacturer based in southern China, says her company has $100 million in exports to the US at stake. The trade dispute erupted last summer with the first round of US tariff increases. Many Chinese companies are reluctant to speak publicly about their problems, especially those linked to sensitive topics such as the ruling Communist Party's policies on trade and technology. "If the tariffs rise to 25 percent, then we're done for," said James, a sales manager for a computer monitor manufacturer in Shenzhen, China's southern tech hub. China has kept official statements on the latest trade talks, the 11th round, low-key and restrained.


Source: Mint May 09, 2019 12:22 UTC



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