Trump claims China will 'eat' tariffs, reducing impact on US consumers

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Trump claims China will 'eat' tariffs, reducing impact on US consumers - Business Standard

Quick Summary:

Despite senior administration officials repeatedly predicting China would be forced to the negotiating table, talks have not commenced.

And rival fast-fashion giant Shein Group Ltd.has raised the US prices of some products ahead of imminent levies on small parcels, including an average rise of 51% for the top 100 products in its beauty and health category from last week, with several items more than doubling in price.

Trump told reporters then that China was “going to do fine” once talks settled and that he’d be willing to “substantially” pare back his levies.