Bloomberg

The tariffs imposed by the U.S. will have some negative influence on the Chinese economy. There is no winner in a trade war. The trade war will affect China, injure the U.S., and hurt the global economy. China represents just one link in the global industrial chain and supply chain. The finished products China exports include a large amount of intermediary products and components imported from other countries. Victims of the U.S.’s tariff on Chinese products include those multinational corporations cooperating with China, many of which are U.S. companies. Literally the U.S. is attacking on its own export. The latest survey of the American Chamber of Commerce in China shows that over 30 percent of U.S. businesses operating in China say they will no longer rely on the U.S. for sourcing as a result of the tariffs imposed.