Reynolds: Neither Side Wants to See Retaliatory Tariffs With US

Reynolds: Neither Side Wants to See Retaliatory Tariffs With US

Businesses in many countries are looking to respond to retaliatory tariffs from China and the US by first passing on the increased costs to customers, while considering shifting production.

Even if it is unreasonably hectic, a period has dawned on the world market that has not been seen for centuries. For a week now, world leaders have been bidding for ever-greater and ever-smaller tariffs, and stock markets are rising and falling. For now, it seems that we have not yet been greeted by a total tariff war for 90 days, but what is currently going on between China and the United States could upset several formulas that have worked wel…