US-China Business Council: Higher Tariffs Would Be Very Disruptive

The video discusses the ongoing US-China trade negotiations, highlighting concerns from both sides regarding tariffs and legal commitments. Breaking news from Reuters reports on the first day of trade talks, with reactions suggesting potential delays in tariff increases. The impact of these tariffs on companies and consumers is explored, noting that while companies have contingency plans, the increased costs will eventually affect consumers.

What was the reaction of the members regarding the tariff increase announcement?

How did the 10% tariff increase affect consumers according to the text?