"If the status-quo is prolonged, it will have a long lasting negative impact on free and fair trade between our nations as companies affected will begin to look for alternative sources to fulfill their product needs."
Sources of two international leading container shipping companies told Xinhua they estimated the ripple effect of the China-U.S. trade dispute to emerge in the second half of the year.
The company will cancel the business of two cargo ships next month, said an executive of one of the shipping firms, who is in charge of business in south China.
"Imposing additional tariffs will increase the costs of Chinese companies in exports to the U.S. and thus make them face greater competition pressure," said Xiao Feng, deputy general manager of Shenzhen-based OneTouch Business Service Ltd., a subsidiary of e-commerce giant Alibaba Group.
"But on the other hand, it is difficult for U.S. distributors to find substitutes as Chinese products have reasonable prices and good quality. In the end, either the demand will be cut or the prices will be lifted in the U.S. market."
"The two choices will either impact the supply chain or let consumers take the consequences. Both are terrible results."
"The U.S. clients have already told us they would adjust the prices," said an executive of an equipment manufacturing firm with exports to the U.S. in Guangdong.
Dongguan Excel Industrial Co. Ltd, another company in the province, is affected by the U.S. list of Chinese products for additional tariffs. The company's two major U.S. clients hold a wait-and-see attitude.
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