Trump tariffs on China will soon bring ‘irreversible' damage to most American businesses [CNBC]
A.P MOLLER-MRS UNS/ADR (AMKBY)
NASDAQ:AMEX Investor Relations:
investor.maersk.com/investor-relations
Company Research
Source: CNBC
But for most businesses in the U.S., orders from China are being canceled and Chinese freight being shipped could be abandoned. Without a wider pause in the trade war with China, the damage will soon be “irreversible” for U.S. businesses, according to a retail expert, including furniture to toys, apparel, footwear, and sports equipment. Container vessels and shipping containers at Yangshan Deep-Water Port on Oct. 18, 2024, in Shanghai, China. Apple's iPhone and other technology hardware, from chips to PCs, received from President Trump on Saturday, but for most of the U.S. economy, the damage will soon be irreversible from being imposed on Chinese imports. Canceled freight orders and from China are quickly becoming the norm in the trade war between the U.S. and China, according to supply chain executives, as businesses across U.S. industries put a full stop on container export, with the tariffs hitting like a ton of bricks. “Furniture producers in China have seen a complete
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