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Espinosa said: "There is no third country except Mexico and China. The cost of similar products manufactured in Europe may be 40 per cent higher.
The article points out that Mexico was once regarded as the winner of trade disputes. But now the clouds of uncertainty are back in Mexico.
Of course, not all companies are afraid that tariffs will affect their businesses. According to Bloomberg News, Mike Yuan, a furniture salesman in Zhejiang Province, said, "We don't have to pay the extra tariffs at all." About half of his Dakang Holdings Ltd. products are sold to the United States, including Wal-Mart and Opener.
According to the article, his confidence is based on the innovative design of the company's office chairs and other products, which can not be easily replaced by American buyers. Yuan said U.S. sales were unaffected, and Wal-Mart raised the price of their products by nearly 10%.
According to the article, data from Chinese companies show that Trump's actions will have an impact on low-end products, while many of the higher-end companies in the value chain are basically intact.
"American consumers will pay the price," said Tao Dong, an economist at Credit Suisse Group in Hong Kong. Most other countries have a surplus with China, so if China's economy slows down, the economy of many other countries will also slow down.
Gita Gopinat, chief economist of the International Monetary Fund, concluded in a blog article co-authored with others in May that "American consumers are undoubtedly the losers of trade tensions."
"Tariffs are completely passed on to the domestic prices of imported goods," said Mary Amity of the Federal Reserve Bank of New York and others.

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