Chinese Exporters mishmash new proposed tariff hike by US President
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Washington sources made a statement that according to media report Chinese exporters of goods from electronics to motorcycle parts are scrambling to insulate themselves from US President Donald Trump's proposed tariff hike. Meanwhile presently they are weighing plans to rush shipments to American customers ahead of the increase, raise prices or find other markets. Moreover some are looking at shipping goods through other countries to hide their Chinese origin.
Media reports that some companies are looking at ways to hide their Chinese origin by shipping goods through other countries. Accordingly Donald Trump says higher duties on USD 50 billion of Chinese goods would punish Beijing for stealing or pressuring foreign companies to hand over foreign technology.
Sources made a statement that he plan targets goods U.S. officials say benefit from improper Chinese policies including machinery, industrial components, aerospace, telecoms and other technology. Furthermore it was stated that the potential costs are alarming for exporters dependent on the US market. Moreover some are looking at shipping goods through other countries to hide their Chinese origin.