Trump, China tariff, trade fight causes disruptions for US companies - Business Insider
Trump, China tariff, trade fight causes disruptions for US companies - Business Insider
The trade battle between the US and China is set to formally kick off Friday, when the US is set to impose tariffs on Chinese goods. And it appears some US companies are already dealing with the fallout.
The Washington Post's Danielle Paquette reported on Wednesday that some of the "qualitative measures" China promised in response to President Donald Trump's tariff threats may already be in effect.
US companies shipping goods to China are facing more inspections and delays in the country, according to The Post. One company said random border inspections had increased by 98% over the past month, and an agriculture company said a shipment of cherries spoiled and had to be returned after Chinese officials forced the goods into quarantine.
While those particular instances may not be directly related to the tariffs, groups in China, such as the American Chamber of Commerce in the People's Republic of China, told The Post that members were concerned about the possibility of regulatory retribution on US firms due to Trump's trade fight.
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