U.S. businesses brace for non-tariff retaliation from China
American companies are growing increasingly concerned about backlash from China beyond retaliatory duties already in place or threatened -- and some businesses are already facing non-tariff barriers as retaliation for U.S. tariffs, according to an industry association source. Products are being held at ports for additional inspection and permits and licenses are being slow-walked or not moving forward, the source said, adding that “we’re continuing to hear from our companies on a number of those.” Both the U.S. and China...