🖼 🇨🇳 Businessmen in Yiwu, China, on the front line of the trade war fear not the U.S. "paper tiger"

🇨🇳 Yiwu Merchants on the Frontline of the Trade War Fear Not the US "Paper Tiger"

Although Trump's tariff war has impacted the global market, exporters in Yiwu have shown a resilient stance. Facing the US-imposed tariffs, Yiwu merchants have not panicked. Instead, they are full of confidence in China's victory in the trade war. Yiwu merchants said that Trump's tariff policy has not worked and predicted that he would make concessions in the short term. Although some enterprises have been affected and had to lay off employees, they are relying on savings and a resilient spirit to cope with the challenges. At the same time, the Chinese government has enhanced the public's tolerance for the trade war through publicity and public opinion guidance. Although direct trade may decline, the importance of the US market still cannot be ignored. Industry associations in Yiwu are trying to help other large manufacturers that are more dependent on the US market. Some merchants pointed out that Trump supporters are willing to pay high prices for products with Trump's image, and US suppliers are capable of absorbing part of the impact of tariffs.

(FT)

via Teahouse - Telegram Channel