Who will be hurt by Trump's tariffs: US businesses and consumers

The US flag flying over shipping cranes in Long Beach, California. Experts say that while the trade war is gruelling and could become worse, the US has the upper hand.
The US flag flying over shipping cranes in Long Beach, California. Experts say that while the trade war is gruelling and could become worse, the US has the upper hand.PHOTO: AFP
US Bureau Chief
  • Updated
    May 10, 2019, 11:13 pm
  • Published
    May 10, 2019, 12:42 pm SGT
New: Gift this subscriber-only story to your friends and family

WASHINGTON - American exporters and manufacturers are bracing themselves for more tariffs as the trade war between the United States and China is set to deepen, with Beijing expected to retaliate against the latest tariff hike on Chinese goods, from 10 per cent last September to 25 per cent.

The hike took effect at noon on Friday (May 10) Singapore time.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*
Subscribe now

*Terms and conditions apply.

Join ST's Telegram channel here and get the latest breaking news delivered to you.

Topics: