Chinese manufacturers of goods from tableware to flooring are flagging profit warnings, scrambling to plan new overseas plants or accelerate offshore projects, while haggling with customers over prices as they reel from President Donald Trump's tariffs.
Trump introduced an additional 34% tariff on Chinese goods as part of steep levies imposed on most U.S. trade partners, bringing the total duties on China this year to 54% and sending global stock markets tumbling.
While some in China's corporate sector have put on a brave face and said the tariffs will have little impact on operations and margins, others have revealed through corporate filings emergency plans to curb losses.
Trump's blanket tariffs threaten to upend supply chains, and navigating the twists and turns of business negotiations and trade policy has become increasingly difficult. His world-wide tariffs strike Chinese exporters' two main strategies to blunt the impact of the trade war: moving some production abroad...
Trump introduced an additional 34% tariff on Chinese goods as part of steep levies imposed on most U.S. trade partners, bringing the total duties on China this year to 54% and sending global stock markets tumbling.
While some in China's corporate sector have put on a brave face and said the tariffs will have little impact on operations and margins, others have revealed through corporate filings emergency plans to curb losses.
Trump's blanket tariffs threaten to upend supply chains, and navigating the twists and turns of business negotiations and trade policy has become increasingly difficult. His world-wide tariffs strike Chinese exporters' two main strategies to blunt the impact of the trade war: moving some production abroad...
18 days ago