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U.S.-China Trade War: Businesses on Edge as Tariffs Soar
The escalating trade conflict between the United States and China is leaving businesses in both countries reeling, wiht some fearing for their very survival.
For Zou Guoqing, a Chinese exporter with over a decade of experience trading with the U.S., the initial 10% tariffs were manageable. He absorbed some of the cost, offering price cuts of 5% to 10% to his clients, including a snow-bike factory in Nebraska. This strategy worked, securing a new order for molds and parts.
However, the situation dramatically changed when the specter of additional tariffs loomed.
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