U.S. firms say China tariffs will raise costs, see few sourcing alternatives
Monday, 17 June 2019 A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics and other consumer goods as the Trump administration prepares new tariffs on remaining U.S.-China trade.
Donald Trump Receives Warning Letter Signed by Over 660 Retailers With the ongoing trade war between the United States and China, American companies have written a letter to Trump, urging for a cease-fire. The letter, organized by the “Tariffs Hurt the Heartland” coalition, is backed by a number...
U.S. Treasury Secretary Steven Mnuchin said on Monday that an additional round of tariffs on Chinese imports will likely be imposed if a trade deal with China has not been reached by December 15, but..
Investors don't seem to fully believe in the overall positive trade developments that have unfolded in the past few days. Monday, President Trump said he expects a "substantial" trade deal between the..