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US Autos Hit Most By US, China Tariffs: AmCham

Shobhit Seth

A few American businesses, particularly those in the automobile sector, are feeling the heat as they perceive getting hit by new tariffs from both the U.S. and China, according to a recent survey conducted by the American Chamber of Commerce (AmCham) in Shanghai and Beijing-based American Chamber of Commerce in China. In July, China raised the import duty on U.S. vehicles to 40 percent.