Fast facts on key developments in the US-China trade war
July 11, 2018
WHAT'S HAPPENING
European companies that export from China are changing the global flow of their goods to avoid paying higher American tariffs. Tariff hikes are hurting companies that rely on a free flow of trade, said Mats Harborn of the European Union Chamber of Commerce in China. So companies are scrambling to adjust their supply chains to keep U.S.-bound goods from passing through China. The Trump administration's tariff hike on medical equipment, electronics and other goods from China apply to exports made by U.S. or European companies as well as by Chinese suppliers.
At the same time,...
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