Please enable JavaScript to access this page.
Business News

Exporters on China’s trade war front line defy US ‘paper tiger’

The Donald Trump War was restoring chaos in the global markets, but among the exporters of “Trinket Town” in China – the East Yiwu city that is famous for making everything from Christmas trees to Donald Trump’s campaign caps – the mood is more than a panic.

Amid government calls for the late dictator Mao Zedong, which aims to display the national power, Chinese businessmen on the front lines of Trade war They said they are confident that their nation would prevail.

“Trump wants to steal a slice of China’s pie,” the source, Kenny Ke, said in his small store, covered with “Make Americ Again”, at the Yiwo Join Commercial Staff Center.

But Chi said that Trump was shocked by Beijing Avenged its 125 percent definitions this week. He expected the American president, who was glowing from the Maga shirt over his office, would retreat “at half a month at most.”

Trump’s new duties on Chinese goods exceed the weak tariffs that he threatened during his election campaign-a level that many economists considered at that time the scenario of the worst cases.

Beijing climbed its national speech in favor of steel to the public due to its economic repercussions from the difficult separation with the United States. Foreign Ministry spokesman Mao Ning published on the social networking site x A video of a speech during the Korean War 1950-53, when Chinese soldiers fought against the United States-led United Nations forces.

“Regardless of the period in which this war will continue, we will never give up, we will fight until we win completely,” says Mao president at the time in the clip.

In another publication, Mao’s spokesperson said in 1964 that “the United States intimidates some countries, which prevents them from dealing with us. But America is just a paper tiger. Do not believe in deception.

Beijing accompanied the tariff for revenge through a set of other measures, pledging to limit the access to Hollywood films and warn citizens against traveling to the United States or studying there. Meanwhile, government media pumped stories about how Americans are fighting to bear the costs of basic necessities. The World Cultural Coptic Cabinet newspaper described one deficiency as a “egg crisis” sweeping the nation.

“The news says that Americans are already scrambling to buy eggs, flour and cooking oil,” said Ni Zain, who runs a store in Yiwu, which offers Halloween motifs for sale to the United States and other countries.

A store owner bearing a game exposure to US President Donald Trump in the Yiwu International Trade Market
Donald Trump statue in the international trade market © Adek Berry/AFP/Getty Images

New admitted to Yiwu more than 20 years of age as a factory worker, and now manages its factory, which employs more than 100 people, admitted that the tariff war “was shocked and disappointed” after decades of business with the United States.

She said that she rejected US customer requests to reduce prices after the outbreak of the tariff war, although the requests that were canceled forced her to dispense with more than 10 percent of her workers.

“The Chinese people think differently from foreigners. We provide money, and we can survive in our savings for two, two or three years. Foreigners spend what they earn,”

“We are Chinese will win any long war. The Chinese people are working hard, diligent, and we can” eat bitterness “, using a phrase Chinese President Xi Jinping is preferred.

But while Yiwu producers are also exporting to Europe and the developing world, which makes them in a relatively good weather in the United States, many large manufacturers in other parts of China are more exposed.

In the Chinese city of Chengzhou, where Apple manufactures most iPhone devices, many feel anxious. “Everything is normal at the present time, but China is under great pressure,” said a lounge from the iPhone assembly line owned by the Apple Foxconn contractor.

The employee's work at the Foxconn Factory in Zhengzhou
Foxconn Factory in Zhengzhou: Larger manufacturers prepare for the impact of definitions © VCG/Getty Images

An apple for her The number of flights that carry iPhone from India to the United States increased In the aftermath of the Donald Trump raid, employees at the Zhengzhou factory said they expect to reduce transformations.

The worker said: “I think the company will reduce production, and this may lead to less work,” the worker said.

Foxconn did not immediately respond to the request late Friday.

A sales representative at a logistical company in Zhejiang, the wealthy coastal province that includes Yiwu, said that even if direct trade with the United States and the diversity of exporters are reduced, the American market will remain important.

The person said: “It is still the largest market in the world, and its consumer power and the market scale are unparalleled.”

In a sign of solidarity among producers in the China market usually, Zhu Yuilai, the Yiwu source in Yiwu, said that its industry association was trying to help large manufacturers in other parts of the country who were more dependent on the United States.

Zhou said that Yiwu producers open the networks of their customers, and many of them in developing countries, for those major companies, although in the past they looked at the young and medium exporters in the city.

While many Chinese companies are reeling from the trade war, Qi, Maga Magazine, has been ignored by any proposal that he might suffer from.

He said that Trump’s supporters were ready to pay any price for the elements bearing the image of their beloved president – and the American suppliers were achieving a great profit for them so that they could have the costs of the effect of customs tariffs in part.

For example, Pisbul Trump, cost RMB7.50 ($ 1) to produce. Customs duties may raise this cost to RMB20, but hats have been sold for $ 50 in the United States.

“American sellers can use customs tariffs as an excuse to raise the price to $ 60 – however the additional cost will be borne by American consumers,” Che said.

With additional reports by Edward Whit



https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fd5b9019a-307d-4c0e-8834-4cd057111e8d.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1

2025-04-12 00:00:00

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button