The Tariff Rollercoaster is prompting Chinese traders to ‘stop’ from us

By Casey Hall and David Kirton

Shanghai / Guangzhou (Reuters) – Chaos of Erratic US RATIFFIFMEMENTS, Chinese sellers make everything from kitchen tools to Halloween decorations in Europe, Latin America, the Middle East and Africa.

Jacky Ren, whose Gstar Electronics Apple Electronics factory is used to generate more than 60% of revenue from US orders, says he has “contributed” to the American market.

Months of tit-for-tat tariff hikes, short hikes, and the latest threat of triple tariffs on Chinese Trump are sending oversitions to US customers, who have run out of steam, and are looking for new markets to handle the lost orders from US customers.

Ren is not alone. Chinese customs data released this week show exports to the second largest economy in the world at 7.1% Trillion yuan ($ 2.80 trillion yuan ($ 2.80 trillion) In the first nine months of this year, despite the outbreak of important goods in the United States.

This growth is expected to help China demonstrate its economic resilience in the face of geopolitical and geopolitical turmoil when it announces its third GDP data on Monday.

However, Chinese merchants are not very happy with this situation, although they have found new markets.

“In this area, where the land use is [of our products] It is not enough to restore the demand in the US, our order volume and income have been established by half, “said Lou Xiaobo, who makes Halloween decorations in eastern China and is in Brazil on a market research trip as he looks to sell more in Latin America.

As the entire manufacturing sector made for China has benefited almost simultaneously, competition has been driven out of prices, making it more difficult for manufacturers to make ends meet.

“Losing access to the United States, which is the largest consumer market, is like the railroad industry losing a locomotive,” he said, adding that it is becoming increasingly common for retailers not to sell.

“All markets are very competitive … all we can do is hold on and wait for an opportunity.”

‘American consumers are giving up’

On Wednesday, the busy opening day of the Autumn Edition of Southen China’s Canton Fair in Guangzhou – the world’s largest trade fair – all 15 companies Reuters spoke to said they were not seeing American buyers. Most noted attendees from Brazil, Southeast Asia and Europe. It all means that they prioritize market diversification.