As President Donald Trump prepares to slap new tariffs on Chinese imports, investors are bracing for signs of pressure on US consumers as top retailers begin reporting quarterly results next week and key consumer sentiment and retail sales data is released.
The latest tariffs President Donald Trump plans to impose on Chinese goods would cost US households an average of $200 a year, some economists estimate, and would start to bite consumers and retailers just as the holiday shopping season begins.
China says it would not be blackmailed and warned of retaliation after US President Donald Trump vowed to slap a 10% tariff on $300 billion of Chinese imports from next month, sharply escalating a trade row between the world's biggest economies.
China is “rolling out the red carpet for the rest of the world” by lowering tariffs with other countries — even as its trade war with the US continues to drag on, according to Peterson Institute for International Economics.
For US bike companies, China is almost everything. Whatever they need — whole bikes, components, or safety accessories — can be manufactured and sourced from China in large scale, at competitive prices and with great quality.