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"For example, sending fresh pineapples from Costa Rica to Shanghai takes around 32 days, and their lifetime lasts only about 35 days," he said. "But our product's shelf life can last three to five years, and they still taste like fresh ones."

"Geneva (the WTO headquarters), is worried about the difficulties at stake. For example, the core function of the WTO is its trade dispute settlement mechanism, but some WTO members are blocking the appointment of Appellate Body members," he said.

"Given China's growing demand for commodities from Africa, we expect the country will be interested in equity purchases, which will enable it to invest in the sector," he added. "This will help develop assets in Africa."

"Hasbro will have no choice but to pass along the increased costs to our US customers," said Brian Goldner, CEO of toy company Hasbro. He said the Pawtucket, Rhode Islandbased company, the maker of popular products such as Monopoly and GI Joe, was working to reduce its reliance on manufacturers in China, but he also said it has built up extra inventory, incurring additional storage costs, as it braces for tariffs.

"Foreign companies usually have a standard and unified system, while local clients have their own demands," he said. "That bothered me a lot in the past. Many foreign companies face the same situations too, and they usually adapt the standard measures."