Trade war hits foreign companies in China with double tariffs

Summary

Foreign manufacturers in China face severe tariffs of 125% on component imports and 145% on exports to the US, significantly impacting operations amid the trade war initiated by Donald Trump. These companies, which account for nearly one-third of China’s trade, are squeezed by both Chinese and US tariffs, with implications for their profitability and competitiveness. While some larger firms may receive temporary exemptions, smaller producers struggle under the weight of double tariffs, prompting concerns about declining foreign direct investment in China.

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