The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.
"If it does however result in US companies, to one degree or another, vacating the China market that would presumably open opportunities for Chinese companies to fill the void," Stephen Olson, research fellow at the nonprofit Hinrich Foundation, said in an email Sunday.
"It is important to keep in mind that US business has been a positive example for progress in China ... American companies bring ideas, values, and examples that are pervasive, consistent catalysts for progress," said Parker. On the other hand, if U.S. companies left China, they would miss out on a major global growth opportunity.
" Chinese companies are cutting some of the prices at which they sell to the U.S.," he said in a phone interview earlier this month.Source: Panjiva, the supply-chain research unit at S&P Global Market Intelligence. Calculations based on figures by the U.S. Bureau of Labor Statistics.
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