From CNBC: 2024-11-15 11:06:13

President-elect Donald Trump’s tough stance on China has U.S. companies worried about retaliation. Threats of 60% tariffs and ending reliance on China could lead to job losses and higher prices. China may respond with economic changes and consumer boycotts. A tit-for-tat tariff battle could result in 801,000 job losses by 2025.

China’s retaliation toolkit includes imposing tariffs on U.S. imports, leading to job losses and economic pressure. States like Nevada, Florida, and Arizona could be hit hard. China could also stop buying U.S. agricultural products, targeting Trump’s supporters. Beijing may shift away from American farmers to other suppliers like Brazil.

China may tighten regulations on U.S. companies, restricting key minerals and components. Enhanced laws like anti-foreign sanctions could lead to fines and restrictions. Xi Jinping’s power consolidation means companies could face harsher regulatory scrutiny. Executives detained, exit bans imposed, and operations restricted create a challenging business environment.



Read more at CNBC: U.S. companies in the crosshairs if China retaliates to fight Trump