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Trade war

Companies brace for US-China tariff war

Tit-for-tat duties force broad rethink of corporate strategies

Chinese shoppers could see prices on food imports from the U.S. rise when tariffs take effect.   © Reuters

CHONGQING/WASHINGTON/BEIJING -- The tit-for-tat tariffs that the U.S. and Chinese governments announced have left companies scrambling to assess the possible implications to their corporate strategies. The fallout will not be limited to just American and Chinese companies, but also the likes of Japanese trading houses, who have invested heavily in establishing a trade route that sells U.S. grain to Chinese consumers.

For Guangzhou Automobile Group, the Chinese joint venture partner of Honda Motor, Toyota Motor and Fiat Chrysler Automobiles, the fact that automobiles were included in the Trump administration's 1,300-item tariff list was a shocking blow.

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