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The trade war has intensified, and it could change how you shop.
Just as talks between China and the U.S. resumed after collapsing in May, the world’s two largest economies slapped new tariffs on $16 billion of each other’s goods.
Tariffs raise prices on imports, inflating costs for companies that can absorb them or pass them onto shoppers. China is the biggest growth market for many U.S. companies, so a slew of American brands — like Starbucks ☕ , Nike ?, and Coca-Cola ? — have a lot to lose.
“Made In China” labels on designer handbags could also become a thing of the past.
Regards,
Techincal Department
www.gaincommodity.com