China Said to Assess Impact of Possible Punitive U.S. Tariffs
- Companies asked to estimate highest duties they can bear
- Donald Trump has accused China of unfair trade practices
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China is asking companies this month to estimate the highest duties they can bear, according to people familiar with the matter, as the nation prepares for possible punitive U.S. tariffs.
Government departments are also asking Chinese companies that have large trade volumes with the U.S. to evaluate the impact should the U.S. label the nation a currency manipulator.