中美贸易战

Punishing tariffs add up to long-term test for China Inc

When Donald Trump began imposing tariffs on China, scores of US companies and industry representatives pleaded for exemptions to protect their businesses, and criticised the administration’s trade policies.

Some China sectors were spared, but scores of others, from seafood to white goods makers, were hit when the US president slapped a 10 per cent tariff on $200bn worth of imports from the second-biggest economy, about half of Chinese imports.

Mr Trump is threatening to increase the levies to 25 per cent in 2019 if no China-US trade deal can be agreed.

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