US industries feel the sting of the trade war with China

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US industries feel the sting of the trade war with China

The US and China are currently locked in a trade war

As the US trade war with China drags on, US businesses that rely heavily on the Chinese market are looking at alternative jurisdictions to curb the extra costs, but the gap in supply is proving hard to fill.

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Other reasons included the complexity of reporting, resource constraints and interactions with tax administrations
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