Investors monitor stock prices on computer screens at a brokerage house in Shanghai earlier this year. U.S. trade tariffs will impact China overall, but certain sectors and provinces will be more impacted than others.
A 25 percent tariff imposed by the United States on $200 billion worth of Chinese goods will primarily hit exports of electronic parts and machinery. Altogether, these losses will account for an estimated 35 percent of the total damages inflicted on Chinese exports as a result of U.S. tariffs. The looming tariff excludes consumer goods with the thinnest margins and highest labor intensity, such as toys, garments and shoes, which are among China's top five exports to the United States. Still, the tariff will hit many consumer manufacturers hard, including companies making furniture, auto parts and leathers. This is in part because of lower profit margins in those industries -- around 5 percent -- and their higher reliance on sales to the United States....
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