Trump's tariff plan will cause another massive Asia-US freight rate spike
US presidential hopeful Donald Trump’s promise to impose a 20% tariff on all imports entering ...
© Maren Winter
As China and the US take trade lumps out of each other, it seems Europe has entered the arena. EU companies are reportedly mulling relocating their Chinese operations to South-east Asia. The South China Morning Post reports that businesses are becoming “extremely worried” at the prospect of getting caught up in the China-US trade war. A further $200bn worth of Chinese goods were hit with 10% tariffs by the US on Tuesday. China responded in kind.
Comment on this article