US trade representative Robert Lighthizer told US Congress last week that no deal was close and insisted that the United States would not agree to a deal that did not enforce structural changes in the Chinese economy. Photo: Reuters
US-China trade war deal confusion leaves American companies demanding clarity over mixed messaging
- Speakers at the Asia-Pacific Council of American Chambers of Commerce Business Summit said the uncertainty caused by the tariff war is damaging business
- At the crux of the uncertainty is how the trade war will be resolved, with speakers complaining over the mixed messaging coming from the US government
Topic |
China economy
US trade representative Robert Lighthizer told US Congress last week that no deal was close and insisted that the United States would not agree to a deal that did not enforce structural changes in the Chinese economy. Photo: Reuters
Bumble Bee Seafoods has been paying a 10 per cent tariff on tuna loins imported from China. Photo: Handout
US-China trade war was supposed to save American industry, but it is forcing companies to look overseas
- Bumble Bee Seafoods, Cap America and Char-Broil among those considering their options, with manufacturers potentially needing to cut jobs to deal with tariffs
- US President Donald Trump has halted the planned tariff increase from 10 per cent to 25 per cent, but negotiations are ongoing over a long-term deal
Topic |
China economy
Bumble Bee Seafoods has been paying a 10 per cent tariff on tuna loins imported from China. Photo: Handout