CX Daily: Trump’s Tariff Flip-Flopping Has Chinese Exporters Hedging Their Bets
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In Depth: Trump’s tariff flip-flopping has Chinese exporters hedging their bets
U.S. President Donald Trump’s fickle trade policy narrative has sent many Chinese firms on a rollercoaster ride over the past two months.
Levies imposed by the Trump administration on Chinese goods this year reached a mind-boggling 145% on April 9, forcing Chinese exporters into a frenzied calculus: when to ship, who should absorb the escalating costs and whether the U.S. market remained profitable. Beijing retaliated with tariffs of up to 125%, leaving Chinese importers of American goods in a similar bind.
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