Trump's sharp tariff hikes could speed up China's shift to new markets and offshore factories
- President-Elect Donald Trump has threatened to sharply raise tariffs on all Chinese imports, mentioning potential hikes of 60% or more.
- Higher tariffs would force companies to raise prices or accept lower profit margins.
- An expert claims that ‘no one can face’ 60% tariffs, leading companies to consider halting trade with the U.S.
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Coverage Details
Total News Sources0
Leaning Left26Leaning Right13Center19Last UpdatedBias Distribution45% Left
Bias Distribution
- 45% of the sources lean Left
45% Left
L 45%
C 33%
R 22%
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