Part 1/8:
The Impact of Tariffs on China’s Manufacturing Landscape
The introduction of aggressive tariffs has upended the manufacturing sector in China, particularly in the wake of the 145% tariff imposed by the United States. Factory owners and workers alike are expressing deep concern as they grapple with a drastic decline in orders, leading to widespread economic despair.
A Sudden Shift in Orders
Injection molding factories, such as one owned by a TikTok user in Ningbo, have seen their orders plummet following the escalation of tariffs. Initially hopeful when tariffs rose to 54%, manufacturers were quickly crushed as the rate soared to 104%. This sudden shift forced the factory owner to halt operations, with new molds arriving only to be unloaded shortly after.