Foreign manufacturers in China are paying duties of 125 per cent to import components and then 145 per cent to export to the US as Donald Trump’s trade war hammers their operations.
International companies and joint ventures account for nearly one-third of China’s total trade, according to official data that makes clear the extent of their exposure to tariffs.
Large US companies such as Apple and Tesla and many smaller producers rely on China as a manufacturing base. These companies often import raw materials or components from the US for assembly into products that are then exported.
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