1.Trade tensions between the US and China continue to rise, with an additional USD60bnrnthreatened by China on US goods, and a threatened raising of tariffs to 25% from 10%rnon USD200bn of Chinese products by the US.rn2.Tariffs already in place between the two have had little impact on the countries'rnconsumer sectors so far, but the threatened tariffs will. Chinese exports of toys, gamesrnand sporting goods, furniture and consumer electronics are most exposed to US tariffsrnand US exports to China of alcohol and personal effects are most exposed to Chineserntariffs.rn3.A boycott of US goods by Chinese consumers is another scenario, impacting US brandsrnand retailers operating in China.rn4.Further escalation may yet be avoided as China is sending a delegation to engagernin talks to deescalate the trade dispute ahead of President Trump and President XirnJinping meeting in November 2018.
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