Part 3/7:
Tariffs on Trade: A Major Disruption
Adding to these existing pressures is the recent announcement of tariffs on Chinese exports, notably a staggering 145% tariff on imports into the USA. This represents the single most significant market for many Chinese exporters, particularly in the electronics sector, where 70-80% of sales were previously destined for the United States.
However, various reports from China's largest trade fair lament how markets have become "frozen," with exporters unable to send products due to the ambiguity surrounding the tariffs. The Chinese government is urging businesses to diversify their markets, but shifting export trajectories is far from straightforward, given that the other markets do not present comparable sales opportunities.