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flag US tariffs exceed Chinese industries' profit margins, risking layoffs and bankruptcies.

flag A new analysis by Bloomberg Economics shows that most Chinese industries can't sustain the 40% tariffs imposed by the US, significantly higher than their average 14.8% profit margins. flag Textiles, IT, and furniture manufacturing are most at risk. flag Only pharmaceuticals, tobacco, and oil and gas have wider profit margins. flag The tariffs could lead to layoffs, bankruptcies, and price cuts, as China relies heavily on US markets.

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