In a factory that makes baseball caps, Trump's tariffs bring chaos and likely price hikes
GUANGZHOU, China — At his factory in southern China, hat supplier Jeffy Ma is trying to keep up with global demand as well as President Donald Trump’s seismic changes to international trade.
GUANGZHOU, China — At his factory in southern China, hat supplier Jeffy Ma is trying to keep up with global demand as well as President Donald Trump’s seismic changes to international trade.
Trump announced on Wednesday a new round of 34% “reciprocal” tariffs on Chinese goods, part of tariffs he imposed on countries around the world over what he says are unequal trade relationships with the United States. China responded on Friday by imposing the same levy of 34% on U.S. imports, escalating the trade war between the world’s two biggest economies.
With the combined U.S. tariff on most Chinese imports now at least 54%, the cost of many everyday goods produced in China — from hats to auto parts to electronics — is set to rise.
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