Mexico removes tariffs on United States grown apples | iFIBER ONE News

Thursday, 23 May, 2019

Speaking to the BBC, the chairman of the American Chamber of Commerce in China, Tim Stratford, said its members had "real concerns" about the fallout from the U.S. action against Huawei.

"Discussing Into the BBC, the chairman of the American Chamber of Commerce in China", Tim Stratfordsaid that its members had" real concerns" about the fall out from the usa actions against Huawei.

The US recently added Huawei to its "entity list" which puts curbs on its ability to do business in America. "China is obviously not doing well like us".

Days after President Trump imposed tariffs on steel and aluminum last June, Mexico slapped on tariffs between 15 to 25 percent on several USA imported products such as cheese, apples, pork and potatoes, cranberries and bourbon whiskey. "As for what countermeasures the Chinese government and enterprises will take, please wait and see", China Foreign Ministry spokesman Lu Kang said at a briefing on Monday.

But over 40% said they were "considering or have relocated" production facilities outside China, with Mexico and Southeast Asia the preferred alternatives.

"Many other smaller businesses are dealing with escalating costs and the uncertainty only magnifies", said Vijay Eswaran, the founder of QI Group of Companies.

A recent escalation in the US-China trade conflict, including tariff hikes from both sides, has sparked reaction from industries hit by the higher levies.

More than 170 American shoe manufacturers and retailers, including such well-known athletic shoe brands as Nike, Under Armour and Adidas, urged President Donald Trump on Tuesday to exempt footwear from any further tariffs he imposes on imported goods from China.

The U.S. and China have been raising tariffs on each others' goods since summer 2018.

China must prepare for hard times as the global situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the US-China trade war took a mounting toll on tech giant Huawei.

"One of Earth's biggest Foot Wear Firms are advocating donald-trump to terminate the USA trade war with China, warning of a" devastating" effect on consumers.

The iPhone-maker's stock is already experiencing its worst month of the year, thanks in part to an analyst note from HSBC, which downgraded its outlook for the company because of the trade war.

The shoemakers and retailers say that they have been moving their sourcing away from China.

While the industry has moved production away from China in recent years because of rising wages, shifting trade policies and a desire to make more goods at home in the USA and Europe, the Asian country remains a shoe giant.

Still, a openness to work to address their transaction emptiness was signaled by Beijing.