Source: South China Morning Post [Hong Kong]
“The United States is facing greater reputational damage than China in the ongoing trade war, as many global business leaders point to the current US administration’s policies as a principal cause driving the conflict, according to a recent survey. A poll conducted by the Sandpiper Group in April, covering 3,050 business leaders across 27 markets, found that nearly three-quarters of respondents blame the White House’s approach to trade for the escalating dispute. … The US has imposed 145 per cent tariffs on [American buyers of] most Chinese imports, pushing the effective rate to roughly 156 per cent. In response, Beijing has raised its own levies on [Chinese buyers of] US goods to as high as 125 per cent.” (05/08/25)