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Bloomberg
One of China’s largest appliance makers is preparing for the impact of US trade tariffs as it seeks to expand its international footprint.
About 5 percent of products sold in the US by GE Appliances — a unit of Qingdao Haier Co. — are imported from China and face tariffs now or will get hit by those being proposed by the Trump administration, Li Pan, vice president of the home appliance group, said in an interview. Top executives at GE Appliances, the American white goods unit that Haier acquired in 2016, are in discussions with the US government as part of a group representing appliance makers to remove affected products from the tariff list, he said.
Businesses in both the USand China are pushing back against the tit-for-tat trade fight, warning that it’s hurting consumers. Despite the concerns, the two countries continue to intensify the spat.