Why US tariffs on China will hurt American shoppers

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Consumers will have to foot most of the bill when tariffs on Chinese companies, such as Shein and Temu, take effect. But Donald Trump’s hostility to Chinese manufacturers might just force them to morph into true multinational corporations 00:00 - How will Chinese companies be impacted by the trade war? 01:59 - How are Chinese companies able to sell so much to consumers? 02:59 - Why are Trump’s tariffs so harmful to Chinese companies? 03:43 - Can Chinese goods be sold elsewhere, outside of America? 04:32 - How Temu and Shein are trying to become less Chinese 05:52 - How has the Chinese government responded to the tariffs? Listen to the rest of the episode: https://econ.st/42GPlB4 Can Shein and Temu survive Trump’s trade war?: https://econ.st/4jNRbG4 More of our China coverage: https://econ.st/4lY53zf Sign up to our Drum Tower newsletter: https://econ.st/4iKpzR1