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US-China trade snarls as world’s biggest economies brace for divorce

Chinese exporters rushed to respond to the US tariff by walking for long distances, canceling shipments and redirecting goods to other countries, as the world’s largest economists for economic divorce.

The US President announced on Wednesday a 90 days stopped In an additional tariff for most countries, it maintained its 104 percent definitions on China and imposed an additional 21 percent to punish Beijing for revenge.

In response, Chinese sellers on e -commerce platforms raise prices by up to 70 percent for consumers in the United States, while others are preparing to get out of the American market because the punitive definitions cannot continue, according to one of the largest e -commerce associations in China.

“Chinese sellers will not be able to get additional [financial] “The burden on the high tariff of the United States,” said Wang Xin, president of the E -Border Electronic Trade Association, an industry group that represents more than 2000 sellers in China.

“We are going through fire and water.”

One of the Guangzhou -based Temu seller said that some of their counterparts were building factories in the third countries, such as Jordan, to finish the goods and then re -export in the United States. They said other sellers had tried to redirect goods across countries with trade treaties with the United States.

But they added that there is a great deal of uncertainty for Chinese manufacturers who transport production outside the country, after Trump indicated his willingness to expand the scope of customs tariffs beyond China.

Employees are working on a production line that will be exported to the United States
Chinese sellers on e -commerce platforms raise prices by up to 70 % for American consumers, while others are preparing to get out of the United States market © AFP/Getty Images

Currently, most Chinese merchants are still waiting and vision. “It is very difficult to develop long -term plans at the present time,” said Hau Gianlong, CEO of Brands Factory, an e -commerce platform.

Shipping companies said that Transpacific orders have been canceled and they expected an increased interruption in the coming weeks.

“We now see a huge amount of cancellation,” said a person in the shipping industry in Shanghai. “There is a lot of uncertainty that people withdraw the containers.”

The person added: “At the present time, we have a new arrangement that includes about 100 containers that are supposed to go to Houston, all suspended.” “The situation changes almost every hour.”

There are also signs of cancellation in the other direction, as trade is now vulnerable to Beijing’s reprisal definitions on imports from the United States.

A shipment of gas was canceled from the United States due to the high Chinese definitions, according to a person familiar with the situation. The United States is also exporting agricultural products, machines and other commodities to China.

On Thursday, China brought into force An additional tariff of 84 percent Against the United States as planned, thus total American imports reaches more than 100 percent. But while he indicated that President Xi Jinping will not back down from the escalating trade war, he did not take any immediate step to match the Trump rate at the top.

“If you want to speak, the door is open, but the dialogue must be made on an equal basis on the basis of mutual respect.” “If you want to fight, China will fight to the end. Pressure, threats and blackmail are not the right way to deal with China.”

Renminbi has weakened to its lowest level since 2007 in the last Beijing brand ready to tolerate the gradual consumption in response to the American definitions.

Renminbi fell to the dollar on Thursday, which is the weakest level in nearly 18 years, after the Popular Bank of China weakened the currency reform for a sixth consecutive day. She then recovered to circulate in about 7,314 yuan per dollar.

On Wednesday, US Treasury Secretary Scott Beesen warned China against reducing the value of the currency.

Beijing also participated in a wave of diplomacy, where he held talks with European Commission Commissioner Marus šefčovič and Minister of Commerce in Malaysia Zafol Aziz, whose country is the head of the Southeast Asian Tadarment Bloc.

A statement by the Chinese Ministry of Trade said: “China is ready to work with its trading partners, including ASEAN, to.

The United States sank on Thursday, and abandoned part of the day before the Wake Trump Declaration. S&P 500 fell 5.2 percent, after getting 9.5 percent on Wednesday. Earlier on Thursday, Japanese Topix closed by 8.1 percent, and Taiwan Taiex advanced 9.3 percent with the spread of the Wall Street Rally. The Stoxx EUROPE 600 has closed up 3.7 percent higher, while DAX increased in Germany by 4.5 percent and FTSE 100 advanced 3 percent.

In contrast, the stock indicators in China were relatively silent but closed despite the tariff that affects confidence. Analysts speculated that the “national team”-the government-backed institutions-partially backward at 1.3 percent in CSI 300. The Hang Singh Index in Hong Kong closed 2.1 percent.

By informing: Robin Harding, Chan Ho-Him, Argon Neil Alam in Hong Kong, Joe Lesi and Eleanor Olcot in Beijing, Thomas Hill in Shanghai, Laura Unita and Oliver in London and Harry Dembesi in Tokyo

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2025-04-10 17:12:00

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