Part 5/10:
Low-Value Raw Materials: These businesses have been disproportionately affected, previously struggling to compete and now close to impossible to sustain in the current economic environment.
Stable Niche Market Players: Some firms in specialized production are not feeling the direct effects of tariffs; however, their clients are. This has resulted in a ripple effect, where the demand for their products may soon diminish as their clients face mounting challenges.
The Broader Economic Fallout
As the trade war continues, the effects extend far beyond the textile factories. The Chinese government has vowed to support exporters and maintain market stability, but many believe that sustained pressures will lead to an economic downturn that may not recover soon.