Marketplace: “Survey of exporters finds majority in U.S. are rerouting goods and raising prices”
by Mitchell Hartman
China, meanwhile, is looking for new markets outside of the U.S. to sell more exports to, according to Columbia Business School economist Gernot Wagner.
“German car manufacturers are not going to like more, cheaper Chinese vehicles going into Germany. Consumers presumably like it,” he said.
European manufacturers could end up pressing for protectionist tariffs, Wagner added — just like the U.S. is imposing.
