President Donald Trump's trade war with China has U.S. companies shifting p...
LOS ANGELES - President Donald Trump’s trade war with China has U.S. companies shifting purchases of tariff-targeted products like furniture, refrigerators and car tires to countries such as Vietnam, South Korea, Taiwan and Mexico, according to a new analysis released on Wednesday.
Trump’s decision to slap tariffs of 10 to 25 percent on about $250 billion of Chinese goods has roiled U.S. retailers and manufacturers, who are scrambling to avoid potentially crippling cost increases. U.S. imports of Chinese-made furniture by retailers such as IKEA, Home Depot, Target Corp and Room to Go fell 13.5 percent in the first quarter. That was partly offset by a 37.2 percent rise in shipments from Vietnam and a 19.3 percent increase in imports from Taiwan, Panjiva said.Imports of Chinese refrigerators fell 24.1 percent during the quarter, when shipments from South Korea and Mexico jumped 31.8 percent and 32 percent, respectively.
U.S. companies are also shifting factory investments in the wake of the China trade tiff, which a trio of economists estimate has already cost U.S. consumers and companies $19.2 billion.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
No summit with China’s Xi until trade deal is reached, Trump saysPresident Trump said key trade issues have yet to be resolved with Chinese President Xi Jinping and that they are not close enough for him to announce a date for the next summit.
और पढो »
Trump: China trade deal possible in next four weeksTrump said that talks with China on a comprehensive trade agreement continue to make progress, but there is still no date for a summit meeting where he and Chinese President Xi Jinping could finalize a deal
और पढो »
Trump says trade deal with China could be reached in about four weeks
और पढो »
Trump says 'granddaddy' US-China trade pact could be done in 'weeks'President Trump said a US-China trade agreement, which he described as 'the granddaddy of them,' could be announced 'within the next four weeks or maybe less, or maybe more, whatever it takes'
और पढो »
Trump says US, China 'rounding the turn' in trade talksPresident Donald Trump said Thursday that the U.S. and China are 'rounding the turn' in a lengthy negotiation over trade and predicted that 'something monumental' for both countries could be announced in a matter of weeks. 'We have a ways to go but not very far,' Trump
और पढो »
Trump: 'Monumental' trade deal with China and Xi summit could be announced within weeksA potential trade deal with China would mark the closure of a bitter trade war between the two countries
और पढो »
Trump Fails To Force China Into A Hard LandingTrump fails to force China into a hard landing
और पढो »
Trump Today: President says China deal has further to go as he slams article that Mueller report more explosive than Barr portrayedPresident Donald Trump on Thursday said a trade deal with China has “a ways to go” but could be announced within the next four weeks, and kept up his...
और पढो »