Even as there’s been a temporary halt on excessive tariffs for other countries, China’s duty has now climbed to 145 percent — it could even be more by the time you read this — which means for a very large percentage of all the home goods Americans buy — not to mention clothing, footwear and all kinds of pharmecuticals and beauty products too — these are killer deal-breakers. They will price many of these products out of the marketplace but will also put many, many companies out of business. It’s ugly…very ugly. Here’s a sector-by-sector breakdown on Chinese takeout.
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