Reported about 4 hours ago
President-elect Donald Trump's proposed tariff increases on Chinese imports could significantly impact Chinese exporters, prompting them to seek new markets and relocate factories offshore. Exporters from Yiwu, known for their small commodity production, have already seen declines in sales to the U.S. as they adapt to changing trade dynamics. With tariffs projected to rise, many Chinese companies are shifting to regions such as Southeast Asia to maintain competitiveness, further reducing China's export share to the U.S. as they navigate escalating trade tensions.
Source: YAHOO