US tariffs on Chinese goods to affect American consumers: business expert

Peter Reisman, Managing Director of the Govenment, Public and Business Relations of the Bank of China New York Branch, is interviewed by CRI in New York on Wednesday, April 11, 2018. [Photo: China Plus/Qian Shanming]

As the U.S. flames up trade tensions with China by proposing tariff threats on an increasingly larger scale of Chinese imports, as well as placing more restrictions on Chinese investment in the U.S, U.S. business leaders are warning that the U.S. will backfire at its own economy by adopting such protectionist measures against China. 

For more on this, CRI’s New York Correspondent Qian Shanming caught up with Peter Reisman, Managing Director of the Govenment, Public and Business Relations of the Bank of China New York Branch.  Reisman is a U.S. business insider who has been actively involved in U.S. –China trade and investment consultancy for decades.