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minum and the proposed tariffs on cars government to move forward expeditiously
and auto parts. and in good faith to strike a high-standard,
comprehensive, enforceable agreement,
Numbers to know: and end the tariffs now in place. Prolonging
trade tensions and the escalation of tariffs
455,000. That’s the number of are in neither country’s interest." – Myron
Brilliant, Executive Vice President and
American jobs estimated to be put at risk by Head of International Affairs, U.S. Chamber
U.S. tariffs on $150 billion of imports from of Commerce. (Read more)What’s next?
China and Chinese retaliation, according The White House has warned that it could
to a study commissioned by the Consumer effectively impose tariffs on all goods the
Technology Association and the National U.S. imports from China. At this point, it’s
Retail Federation. unclear how China would respond to such an
escalation, but some economists speculate that
$500. That’s the cost to the average they could ramp up the rates of their current
tariffs from 5% and 10% to 25% as well as
American household of the latest wave increase discrimination against U.S. companies
of tariffs, according to Katheryn Russ, an operating in China beyond current levels.
economics professor at the University of
California at Davis. These are the latest development in an
escalating trade war that is already having
Our take damanging effects on American consumers
and businesses. Hear from the farmers,
"The American business community manufacturers, and others that are already
urges the administration and the Chinese feeling the impact.■
South China Business Journal 22
and auto parts. and in good faith to strike a high-standard,
comprehensive, enforceable agreement,
Numbers to know: and end the tariffs now in place. Prolonging
trade tensions and the escalation of tariffs
455,000. That’s the number of are in neither country’s interest." – Myron
Brilliant, Executive Vice President and
American jobs estimated to be put at risk by Head of International Affairs, U.S. Chamber
U.S. tariffs on $150 billion of imports from of Commerce. (Read more)What’s next?
China and Chinese retaliation, according The White House has warned that it could
to a study commissioned by the Consumer effectively impose tariffs on all goods the
Technology Association and the National U.S. imports from China. At this point, it’s
Retail Federation. unclear how China would respond to such an
escalation, but some economists speculate that
$500. That’s the cost to the average they could ramp up the rates of their current
tariffs from 5% and 10% to 25% as well as
American household of the latest wave increase discrimination against U.S. companies
of tariffs, according to Katheryn Russ, an operating in China beyond current levels.
economics professor at the University of
California at Davis. These are the latest development in an
escalating trade war that is already having
Our take damanging effects on American consumers
and businesses. Hear from the farmers,
"The American business community manufacturers, and others that are already
urges the administration and the Chinese feeling the impact.■
South China Business Journal 22
