Trump’s 10% Could Be Worst of Both Worlds – Uncertainty and Ineffectiveness

China 2527 Info Tech - Tech Hardware 589 Materials - Metals/Mining 616 Metals - Aluminum 191 Metals - Steel 428 Tariffs 1613 U.S. 4472

President Trump may announce 10% duties on $200 billion of Chinese exports as soon as this week. That may jeopardize talks with China scheduled for next week. In turn that could remove the potential for an “off-ramp” from the duties on $360 billion in bilateral trade. The impact of the rates on American consumers and corporates will depend in part on whether there are alternative supplies to China. Among consumer products the most exposed are home appliances (59% of imports come from China). For corporations it’s components for PCs and related devices (70%). The threat to raise the dutie...

Copyright © 2020 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.