Stark reminder for all execs talking up SME exposure
The smaller, the more exposed to China
The US-China trade pact signed this week, described by the US president as “a monster of a deal”, may have halted the trading tariff spat, but logistics providers and their clients have no cause to change strategy.
In Phase 1 of the trade deal, the US has suspended a 15% tariff on some $160bn of imports from China set for 15 December and halved tariffs on another $120bn of imports from China, from 15% to 7.5%.
In return, Beijing suspended a planned ...
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