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Trade wars and global supply chains
We are in a trade war and it is here to stay Opinion by: Niels Strazdins, Head of Global Trade Policy - Global Trade Professionals Alliance
The United States is the top destination market for Chinese merchandise exports. Soon virtually all Chinese goods imported into the US will be subject to tariffs, with profound knock-on effects for both businesses and consumers.
Escalating trade friction between the US and China is impacting farmers, consumers and businesses large and small. Billions of dollars of Chinese goods now face 25 per cent tariffs when entering the United States.