The US/China trade dispute, which began in early 2018 and still continues to gain steam is now showing signs of escalating even further with both parties making strong stands.
While removing tariffs will benefit China, the Chinese have made it clear they are thinking ahead. Their focus is shifting from stimulus measures, which they have used in the past to maintain economic growth, to “structural reforms,” both domestic and foreign. This means they will focus more on sustainable long-term initiatives to drive economic maturity over short term measures such as stimulus and tariffs.
While the Chinese are more willing to remove tariffs imposed since mid-2018, the US is still looking to keep tariffs on most Chinese imports. It seems President Trump, who has used tariff threats to forge better deals for the US, will continue to stand strong in the face of the trade war. While the trade war has had minimal impact on the US economy, it has created uncertainty across global economies.
The latest Retail Sourcing Report uncovers and analyzes key events over the past few months which have led to the continued and escalating trade war and aims at helping make global retail sourcing, supply chain and buying decisions for retailers, brands, wholesalers, traders and other sourcing professionals. Each issue includes a snapshot of key information and trends impacting global retail sourcing, such as economic conditions in sourcing countries, container shipping trends, currency exchange and commodity rates. The report also covers hot topics and includes insights from analysts and other experts.For more information on how the retail industry will be impacted by the escalating U.S. and China trade war and for other retail sourcing related topics read the full Q2 Retail Sourcing Report, today!