Chinese factories fear losing the rich US market
Chinese manufacturers of plastic Christmas trees and other Christmas decorations say that orders from US customers, crucial for their business, would have already had to start arriving, while the surge in import duties has caused the blockage. Reuters writes it on his site wondering if Trump has not “canceled Christmas”. Many Chinese companies fear of losing their market shares in the United States after President Donald Trump has increased the duties on Chinese imports by 104% this year, in a commercial war in Escalation that threatens to cause serious damage to the largest world exporter of manufacturing goods.
