Chinese manufacturers have lost sleep, said- this is our livelihood!
Manufacturers of christmas trees and other holiday items in china say that they have not received any orders from American customers so far. They are also afraid of not getting orders at all. This has happened due to the heavy tariff imposed by US President donald trump on Chinese imports. trump has imposed a 125 percent tariff on china alone.
Chinese manufacturers fear this
According to a report by news agency Reuters, Chinese manufacturers are worried that due to the tariff, they may stop getting orders altogether. Talking to Reuters, Qun Ying, who runs a christmas tree factory in Jinhua, eastern china, said, "Almost all orders are finalized in the month of April. But now it is becoming difficult to know whether orders are coming or not. It is possible that American customers may not buy anything this year.''
Losing the American market is a loss
Jessica Guo, who lives in Jinhua, said, ''My colleagues and I depend on American orders for our livelihood. In such a situation, not getting orders will affect people. In our country too, the demand for christmas decoration items is negligible. Losing the American market will definitely affect the jobs of many people.''
Let us tell you that American retailers buy 87 percent of christmas decoration items from china, which is worth about $ 4 billion annually. Meanwhile, Chinese factories also sell about half of their stock in the American markets. Both are dependent on each other, but now the shadow of trade war has started looming over them. 5.5 percent of christmas decoration items to America are supplied from Cambodia, on which trump has imposed tariffs.
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