Yi this, China – He Commercial War Among the two largest economies in the world, since China on Friday slapped a 125% tariff on US goods in response to President Donald Trump’s 145% of tariffs on Chinese products.
Cattered in the sights there are businesses that are part of the trade of more than $ 582.4 billion among the countries, and Chinese exporters constitute most of that exchange.
This is what some of them had to say. Most of them spoke in the eastern city of Yiwu, known as home in the world’s largest wholesale market:
American customers would normally make their Christmas orders at this time of the year, he said, but at this time, there are no signs of them. American customers represent about 10% of Jiang’s business. She said she did not understand the purpose of Trump’s rates.
“Can the United States produce what China, or Yiwu is producing now? Common people are the ones that will hurt the tariffs most,” he said. “I don’t think I can continue their behavior for a long time.”
But she said she would prefer to get the market completely to pay the strong US tariffs.
“In the worst case, we simply give up,” he said. “We will not lose money just to maintain this market.”
WU directs a store that sells socks of all tones, printed with cartoon characters, stripes or ornaments with Christmas themes. She said she has not yet felt the impact of the new levies, but she knows that it is only a matter of time before trade abroad becomes more complicated.
“Our clients will not have profits to get, and we will not do it either,” he said. “We are all in business to earn money, but if nobody earns money, the purpose of cooperation to win-win will no longer exist.”
“Tariffs are so high that it is the same if another 200%is added,” said Margaret Zhuang, an employee who manages foreign sales in a factory for wooden kitchen supplies in Dongyang in the province of southern Guangzhou.
Zhuang said his American client asked the company to stop manufacturing on Monday, when Trump raised the tariffs at 125%, even after paying a 30% deposit for the order.
When comparing the commercial war with Trump’s first presidency in 2018, Zhuang said things are very worse this time, because China’s economy is in a depression. She worries that her and her 40 colleagues have no income when the work stops, and that she can lose her job.
Zhuang used to expect the United States and China to negotiate to “give us a lifeguard.”
“But now we all know, the United States just wants to break it,” he said.
Christmas decorations exporter, Ding Dandan believes that American customers will still buy in Yiwu, at least in the short term, because they have nowhere to go.
“Do you know that 90% of Christmas -related products in the United States are from China?” Ding said, often selling to the US market through intermediaries in third countries such as Mexico.
“If China does not export them, the United States cannot import such a large amount of goods from another place, right?”
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Associated Press Wayne Zhang journalists in Yiwu, China, Huizhong Wu in Bangkok and Fuing in Washington contributed to this report.
