How could China's response to U.S. tariffs impact the U.S. economy?
A potential Chinese response to tariffs announced by U.S. President Joe Biden on Tuesday bears “significant leverage,” said this portfolio manager, as China dominates American supply chains across hardware sectors.
The Biden administration might be particularly impacted if China retaliates, as that could put the U.S. a step back in its fight against inflation, Ben Harburg, founder and portfolio manager at Core Values Alpha said.
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