Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

US-China Trade is bent for divorce in the world’s largest economy


Chinese exporters have shaken the two largest economies around the world, as the world’s two largest economies, the economic divorce, as the two largest economies, and re-use the goods to other countries and re-use the goods to other countries.

The US President announced an announcement on Wednesday 90-day break In additional tariffs about most countries, but China retained 104 percent tariffs, and Beijing caught an additional 21 percent to revenge.

In response, Chinese sellers in e-commerce platforms increase the prices to 70 percent, while others are unable to trade the penalty tariffs for one of China’s largest e-comlabs.

“Chinese vendors will not be able to increase growth (financial) growth growth (financial) growth,” said Shenzhen Border E-Commonwealth Association President Wang Foreign Ministry.

“We are going to fire and water,” he said, members, members and members in Amazon, as well as and temu.

A guangzhou-based Temu vendor said that some colleagues, goods, then the finish of goods, and then built factories factories in third countries such as Jordan to re-export the United States. Other vendors have tested with upgrades through countries with US trade agreements.

However, they added that there are many uncertainty for the transfer of production outside the country for Chinese manufacturers, because Trump, because he expressed his desire to extend the tariffs from China.

Employees work on the production line of lids to be exported to the United States
Chinese vendors on e-commerce platforms increase the prices of US consumers to 70%, while others are preparing to leave the US market © AFP / Getty Images

So far, most Chinese merchants are still in standby. “It is very difficult to do long-term plans at the moment,” he said.

Shipping companies have been abolished by transparent orders and the growing disorder in the coming weeks.

“Now we see a large amount of cancel,” said Shanghai a person in the cargo industry. “People have as many uncertainty as they pulled.”

“Currently, there are all 100 containers and those who are likely to enter Houston,” he said. “The situation is almost hour.”

There are signs of cancellation in the other direction, where trade is now sensitive to Beijing’s revenge tariffs on import from the United States.

According to a person familiar with the situation, a gas shipping from the United States was canceled due to higher Chinese tariffs. The United States also exports agricultural products, machinery and other goods to China.

China came into force on Thursday Additional 84 Tit-Tat tariffs As planned against the United States, it brings more than 100 percent to American imports. President Xi Jinping pointed out that he would not return from the growing trade war, did not act in accordance with the higher proportion of Trump.

“If you want to talk, the door is open, but the dialogue in equal state of response should be carried out,” he said. China’s Ministry of Commerce. “If you want to fight, China will fight until the end. Pressure, threats and blackmail are not the right way to fight China.”

The lowest weaker than 2007, the latest sign is ready to endure Beijing gradually in response to US tariffs.

Onshore Renminbi is the weakest level of RMB7.351, at the weakest level of RMB7.351, because the Chinese People’s Bank is the weakest level for the sixth consecutive day. Receipt of losses to trade with RMB7.337 for a dollar later.

The US Treasury Secretary Scott Bessent warned China against the monument to China on Wednesday.

Beijing also negotiates with the Department of the ASEAN trade bloc of the Associator of the Commissioner of Trade Commissioner for Trade Commissioner and Malaysia, the Department of ASEAN trade bloc.

“China, including ASEAN, is ready to work in ASEAN, including ASEAN .. Take a joint collaborative system,” he said.

US Capital, After the announcement of Trump, the Blue-Chip S & P 500 index was closed by 9.5 percent. The rally was spread on Thursday, Japan’s closure with TopIX 8.1 percent and Taiwan’s TAIEX 9.3%. Stoksh Europe 600 index increased by 5.5 percent in the afternoon trade, Germany and Germany increased by 8.3 percent, and FTSE increased by 6.1 percent.

On the contrary, China’s share indices were relatively silent, but tariff blitz was concluded despite his weight. Analysts were “National Team” – the government-supported agencies – partly behind the increase of 1.3 percent in CSI 300. Hong Kong’s Hang Seng Index was closed 2 percent.

Reporting: Robin Harding, Chan Ho-on and Arjun Neil Scientist, Joe Leahy and Beijing Eleanor Olcott, Thomas Hale, Laura Onita and Oliver, Loura Onita and Oliver, London and Harry Dempsey in Tokyo and Harry Dempsey in Tokyo



Source link

Leave a Reply

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