Source: United States & Canada – South China Morning PostChinese exporters appear to hold significant bargaining power in their trade with the United States, according to an estimate from one of Beijing’s top investment banks, carrying 9 per cent of the cost burden created by the tariffs US President Donald Trump levied earlier this year.
The findings from China International Capital Corporation (CICC) run contrary to earlier claims by US officials – including Treasury Secretary Scott Bessent – that Washington has been on the winning side of the…Read More