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Trump's Tariff Pain Set to Ricochet from China to Global Economy

From bnnbloomberg.ca

President Donald Trump claims China is paying his tariffs; furniture salesman Mack Yuan in the east-coast commercial heartland of Zhejiang begs to differ. “We don’t pay any tariffs,” says Yuan, whose company Dakang Holdings Co. sells about half its products to the U.S., including to Walmart Inc. and Costco Wholesale Corp. His confidence is based on the novel designs of the company’s gaming and office chairs -- products that U.S. buyers can’t easily replace. U.S. sales are unaffected and Walmart has raised the price of their products almost 10%, says Yuan. A spokesperson for Walmart declined to comment on specific ... (full story)

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