Jake Parker, vice-president at the U.S.-China Business Council in Beijing, which lobbies on behalf of U.S. companies in China, said that “things are moving in the wrong direction on these issues”.
This view is shared by pro-trade lobbyists in the U.S., who have accused Trump of misunderstanding tariff payments. Trump has repeatedly said that Chinese exporters will bear the brunt, but a common refrain in recent weeks among trade lobbyists is that “tariffs are a tax on U.S. consumers”. Lawyers representing companies in Hong Kong who export to the U.S. via mainland China expect business to take a big hit.
Peepels said that a lot of the companies he represents are in the middle of filing initial public offering documentation and are “scrambling to make sure their IPO prospectuses do not have any material misstatements about what the tariffs are, or how their business will be impacted”.
SCMP_News THE WHOLE WORLD SHOULD BE WAKING UP TO THE THREAT THAT 'HUMAN RIGHTS ABUSING!!''WORLD +MILITARY DOMINATION=WORLD AS SLAVES-CHINA NEW WORLD ORDER!!' COMMUNIST CHINA(+PARTNER RUSSIA!) POSES TO THE WORLD!! DO YOUR DUE DILIGENCE!! WAKE UP!!
SCMP_News We will come out on the winning end of this. China is only 7% of our exports.👌🏼MAGA
SCMP_News Using the word nuclear and Trump together is terrifying
SCMP_News Translation: prices at Walmart are about to skyrocket.
SCMP_News Odd that the GOP has become the Tax and Spend party... they have created the highest debt and deficit in US history which is growing everyday. At some point inflation will take hold... and it will be sooner rather than later.
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Companies scramble to prepare for Trump's new taxes on Chinese goodsTariffs on $200 billion worth of consumer products and other goods from China are set to more than double on Friday per Trump’s orders. Now's a good time to win a trade war
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