Tariff Hikes: Supply Chain and Business Representatives

tariff hikes: In the long run, throwing the global supply chain into disarray will make the US suffer more as multinational companies cannot leave China because of its predominant position in the global value chain, business representatives at the public hearings held by US Trade Representative said, according to Global Times China. The global supply chain is highly integrated, and a broader opposition against the US plan for tariff hikes on Chinese goods will prove how deeply industries coexist and interact, according to analysts. File photo VCG Acting against the people's will by considering more tariffs in the escalating trade war will eventually make the US' own economy miserable. At the public hearings, US tech giant Apple urged US authorities not to pursue more tariffs on Chinese products, which will hurt the supply chain and reduce Apple's contribution to the US economy. The tariffs will not only jeopardize the company's contributions to the US economy but will affect its global competitiveness. The proposed tariff list covers all of Apple's major products, including the iPhone, iPad, Mac, Air Pods, and AppleTV, as well as parts and batteries used to repair products in the US, the company said, urging the US government not to impose tariffs on these products. (news.financializer.com). As reported in the news.