Expert on China-US trade tensions

Added On August 9, 2018

 American businesses say they have already feel pains caused by trade tensions between China and the U.S..

Economy Report has more.
Joseph Cassis is the manager of Ten Square International. He said in a recent interview with CNC that the tax barrier has yet to stop customers in the U.S. from importing Chinese products, but the pain is real.
SOUNDBITE(ENGLISH) JOSEPH CASSIS, Ten Square International Manager
"Ironically we had some order for steel tubing that was made in China, and before it could leave the factory it got hit with a tariff of 25 percent, and it was a 50,000 dollar order, so it added another, approximately 12,000 dollars. The good news is the customer said I understand, it is out of your control, it is out of the other company's control in China. We will take it anyway, and it was shipped. And then he placed another order because it was so essential. But little did I know at the time, that all the prices have increased both in China and in U.S., so where would he go whether in the U.S. or in China?"
Cassis said the trade disruption is bad for business and agriculture economy in America.
He hoped that both countries will work thing out and let trade return to normal soon.
SOUNDBITE(ENGLISH) JOSEPH CASSIS, Ten Square International Manager
"Maybe let market work itself out, away from these tariffs, that really undermine a good healthy business. And we are hoping to see maybe some kind of action between U.S. and China."
The U.S. threatened to raise tariffs to be imposed on 200 billion dollars of Chinese goods from 10 percent to 25 percent.
In response, China is to impose additional tariffs on about 60 billion dollars worth of products from the United States.