The effects of high tariffs over 100% imposed by the U.S. and China on each other begin this month. China is preparing to withstand the shock of a halt in U.S.-China trade by relying on domestic consumption and exploring negotiations with the U.S. However, there are concerns about whether the Chinese market can fully absorb the volume of exports to the U.S., potentially leading to low-price competition within China, reduced corporate profitability, and worsened employment. Chinese companies are exploring third export markets and attempting indirect exports through third countries, while some products are still being ordered by U.S. importers willing to bear the tariffs.
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Auto-posted at: 2025-05-05 21:04:21