One of the affected people is the marketing manager, Candice Li, who assured that the American orders of the medical devices that make their company practically They disappeared from the announced fact by the Trump administration. “It is a matter of life or death, we could say. Between 60 % and 70 % of our business comes from American customersso the pressure we support is extremely high, ”said Li who works for electronic co.
“What worries us most is a prolonged stagnation, where none of the parties (USLi explained as the Reuters news agency said.
The stillness in trade can then generate new problems for the economies of both countries. “Once the salaries are stopped paying, unemployment becomes a real problem,” analyzed Li.
The canton is the first Chinese trade fair of this type held since the new tariffs of Trump There, more than 30,000 exhibitors exhibit their products on a surface greater than 200 soccer fields.
Most of the exporters present stated that Orders from US companies were delayed or stopped arriving Since the war of tariffs began on April 2. Is that the relationship between both markets in notice: no other country is close to matching China’s sales, that exceed US $ 400,000 million in products to the United States every year.
Among other testimonies collected by the news agency is that of the stand of the stand of a recreational machine exporter, Amy Ye, who said that “from the changes in the tariff policy of this month, Some of our US clients have already suspended their payment plans. ”
For their part, the organizers reported that, until April 8, Around 170,000 foreign buyers for this month’s fair had been registered – which began on Monday 15 – compared to the 253,000 record assistance in the previous edition. In detail, about 10% of them came from United States and Europe, a decrease with respect to 20% of the previous edition.
China announces 125% US tariffs in response to Donald Trump
The news for exporters and importers from both countries is in check due to the policies of their respective rulers. Last Friday, China announced the increase in 84% to 125% tariffs on all imported products from the United Statesas Response to the new rates package approved by the White House.
In an official statement, the Chinese government accused Washington if there deliberately ignored international economic order which helped build after World War II, imposing a battery of new tariff measures against Chinese imports.
“The United States has ignored the global economic order that helped build after World War II”, The text points out, while denouncing that the recent decisions taken by the White House represent a direct threat to the fundamental interests of China. In an unusually forceful message, the Asian giant warns that Beijing’s patience has limits “and that, if Washington” insists on inflicting substantial damage “to his interests, China” will respond firmly and accompany him to the end. “
The tariff climb between both powers has been happening several days ago. In his last decision, Washington decided to raise the levies even more Until reaching 125%, which, added to other previous measures, carries the total tax burden on Chinese imports to 145%, in what constitutes one of the most aggressive episodes in the recent history of international trade.
Source: Ambito
