US companies warn that Americans will be the real losers in trade war with China
Washington — A broad cross-section of US businesses has a message for the Trump administration: new tariffs on $200bn of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to coffins. Six days of public hearings on the proposed duties of up to 25% will start on Monday in Washington as part of President Donald Trump’s and the US trade representative’s (USTR) efforts to pressure Beijing for sweeping changes to its trade and economic policies. Unlike previous rounds of US tariffs, which sought to shield consumers by targeting Chinese industrial machinery, electronic components and other intermediate goods, thousands of consumer products could be directly hit with tariffs by late September. The $200bn list targets Chinese seafood, furniture and lighting products, tyres, chemicals, plastics, bicycles and car seats for babies. "USTR’s proposed tariffs on an additional $200bn of Chinese imports dramatically expands the harm to Ame...
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