When It Comes to Tariffs, Many U.S. Companies Are on China’s Side

Port operators say much of the equipment used to load cargo onto ships comes from China. Pictured, a shipping terminal in Los Angeles. PHOTO: PATRICK T. FALLON/BLOOMBERG NEWS

Port operators say much of the equipment used to load cargo onto ships comes from China. Pictured, a shipping terminal in Los Angeles. PHOTO: PATRICK T. FALLON/BLOOMBERG NEWS

As Trump and Xi prepare for G-20 summit, U.S. businesses warn of expected damage from proposed levies

Chinese President Xi Jinping isn’t the only one pushing President Trump to lay off on tariffs.

As the two leaders gear up for their trade meeting in Osaka, Japan, on Saturday—where tariffs will be a central point of discussion—U. S. businesses are warning that new 25% duties on $300 billion a year of Chinese goods will wreak widespread direct and collateral damage.