U.S. firms say China tariffs will raise costs, see few sourcing alternatives

WASHINGTON (Reuters) - A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics and other consumer goods as the Trump administration prepares new tariffs on remaining U.S.-China trade.The comments came on the first of seven days of testimony on President Donald Trump's plan to hit another $300 billion (£239.1 billion) worth of Chinese imports with duties of 25%.Sourcing from other countries will..