Trade tensions strain Chinese consumers in Beijing
In Beijing, residents like Guo Qinshan who owns a Harley Davidson face higher costs as U.S.-China trade frictions raise prices on imports. Tesla owner Zang Yi and bakery entrepreneur Liu Anqi fear tariff increases on flour and cars, while local chefs note US soybeans and beef supply dynamics could affect dishes and prices.
MENTIONED IN THIS ARTICLE
Beijing
Guo Qingshan
Guo
United States
China
Donald Trump
U.S
Zang Yi
Tesla
Liu Anqi
Canada
Liu
Rising U S Beef Costs Spark Price Talk at Wolfgangs
Not all owners are worried. At Wolfgangs steakhouse in East Beijing, head chef Liang Xin notes U S beef has long been scarce in China, making price hikes uncertain. Deputy GM Daniel Sui says a 15 kg U S cut runs about 20 percent higher than Australian beef, and customers prefer U S beef for its taste. Waited in line for comment on future pricing.
MENTIONED IN THIS ARTICLE
Reuters
Liang Xin
United States
Wolfgang's
Beijing
Sanlitun
Liang
U.S
China
Wolfgang’s
Daniel Sui
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