An important China Commerce Fair, the first event of this type that takes place since the effect of President Trump’s fees remains a call for export attention, who warned that the US market is totally “frozen.”
The companies of the Canton Fair, the largest commercial exhibition in China, which is celebrated biannually in the southern city of Guangzhou, said they are looking for ways of moving other markets, since US orders have decreased drastically since it was slapped.
According to a Reuters report, more than 30,000 exhibitors met to exhibit their products at the fair, covering a space of more than 200 soccer fields. At the previous Canton fair, sellers and buyers obtained offers for a total of $ 25 billion, according to local media.
But Trump import taxes are closed during the event this year, presenting a serious threat to the Chinese economy, the second largest in the world, which depends on its commercial surplus of billion dollars.
Kobe Huang, who attended the Fair as Saenzhen Landun Environmental Technology, which manufactures water filters and smart baths, said European sales for the business are at the moment, but the crucial market of the United States is “frozen.”
Customers have not yet canceled orders, but are pleading with Chinese exporters and producers who extend the deadlines of their orders.
China is responsible for sales of more than $ 400 billion in the USA. Each year, an amazing figure to which no other commercial partner approaches.
Its commercial deficit with the USA. It reached $ 295.4 billion last year, an increase of $ 16.3 billion since the previous year, according to the United States commercial representative.
Although Trump announced hard tax rates in many other nations earlier this month, it has temporarily dropped them for a 90 -day pause, imposing 10% of 10% at the time of Mean in all countries, except in China.
The situation is serious for Chinese companies that depend largely on US purchases.
“It is a matter of life and death because from 60 to 70% of our business is with American customers,” said Candice Li, Moketing Manager of Electronic CO, which sells medical devices.
“The goods cannot be exported and the money cannot be raised. This is very severe,” Li told Reuters.
Li said your company cannot only find new markets during the night, a problem that has affected many small businesses in the United States.
Many companies trust specialized manufacturing for their products, so it is not plausible to change installation at some point.
Other countries could still endure to be beaten with Trump manual blow rates after the 90 -day pause, so a change of production from China can be unsuccessful.
Meanwhile, many facilities in alternative countries, such as Vietnam, for example, according to reports, have no history with the increase in demand and have been rejecting customers.
“I worry that if the situation remains stagnant, and Neith Side Cede, who will finally suffer are the common people,” Li said, adding that he could reduce work hours and employees.
“How will your salaries be paid? There will be inemployed,” Li told Reuters.
David Du, Sales Manager of Zealot, who makes the speakers manufacture, said that a Skechers order for 30,000 speakers to be distributed in their US stores had to stop after Trump’s rates.
Now, it focuses on other emerging markets, such as Nigeria, which is now a bigger market for the fan than the US.
Levy Spence, president of Air Esscentials, said he was at the fair to explore scented products, but I had no plans to buy anything in particular because the day wakes me up, I feel it is a different rate. “
“The prices are going to upload,” he told Reuters. “Only for the things we get in the United States, many of the raw materials come from all over the world. They are not just China’s rates.”
Around 170,000 buyers abroad had registered for the Canton Fair before April 8, below a record assistance of 253,000 at the last fair, according to the organizers of the Commercial Fair.
About 10% of buyers were from the United States and Europe this year, below 20% last time.
The fair began on Tuesday and lasts until May 5.
With publication cables