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The Guardian

Trump’s threat of new China tariffs sparks backlash from US retailers

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Industry warns of job losses and higher consumer prices after president targets another $300bn in importsUS retailers were lining up on Thursday night against Donald Trump’s threat to impose tariffs on a fresh $300bn of Chinese imports in September, if a US-China trade deal can’t be struck.Financial experts warned of an “economic drag” in the further escalation of trade tensions with China – after the president said that China had not stuck to various promises over trade that he had previously touted as signs of progress. Continue reading…



Source link : https://www.theguardian.com/business/2019/aug/01/trump-china-tariffs-retailers

Author : Joan E Greve in Washington and agencies

Publish date : 2019-08-02 00:13:14

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