Foreign companies working in China face double tasks due to a trade conflict between the US and PRC. He writes about it Financial times (FT) refers to experts and data from Chinese customs customs.
Businesses with foreign investments offer almost one third of China’s trade turnover. For example, Apple and Tesla are addicted to Chinese factories, and other companies buy raw materials for export. However, due to high tariffs, the job has to pay twice tasks: while importing materials to China and sending goods to the USA.
Hayway Tan, an economist of Hong Kong University, explains, “First we pay for imports to China and then for export to the United States.
Before that canceled A number of American -made semiconducts develop doubles in terms of imports.
23 April US President Donald Trump announcedWashington will reduce customs duties against Chinese goods, but the ratio will not be zero. The president of the White House called the total tasks existing for goods from PRC very high.
Companies before China They cameHow to avoid high US duties.