"One client believes the prices will inevitably hiked, which will lead to the fall of consumption demand, while the other also considers cutting the types of products on the market," according to Wu Tianwen, chairman of the company.
"It is nothing good. None of Chinese and American companies or consumers will benefit [from the dispute]."
China's Ministry of Commerce warned the U.S.-initiated trade war will hamper global economic recovery and trigger global market turmoil while dealing a blow to many multinationals, enterprises and ordinary consumers.
Recent U.S. protectionist measures have also triggered opposition and counter measures from a number of countries.
China lodged an additional complaint with the World Trade Organization Friday over tariffs formally implemented by the United States based on a trade investigation against China under Section 301.
Imposing additional tariffs will not stop the upgrade of China's manufacturing industry, say Chinese entrepreneurs.
Luo Rihui, executive director of an automation firm in Guangdong, said: "The trade dispute prompts domestic companies to speed up efforts to look for local suppliers of core parts and further enhance their strength to tap the market.
"Now, many companies seek cooperation with us. We believe we will see faster development."
【国内英语资讯:Economic Watch: Trade tension hurts U.S. consumers, say firms】相关文章:
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