U.S. firms say China tariffs will raise costs, with few sourcing alternatives
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WASHINGTON (Reuters) - A broad 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 25% tariffs on remaining U.S.-China trade.The comments came on the first of seven days of hearings that began on Monday, held by the U.S. Trade Representative's Office (USTR), on President Donald Trump's plan to hit another $300 billion (£239.1 billion)..