
Trump's sharp tariff hikes could speed up China's shift to new markets, offshore factories
New Indian ExpressCHINA: Visitors who bought fridge magnets at Times Square or other tourist hotspots around New York in recent years most likely were purchasing the work of Du Jing or one of her fellow exporters in a small Chinese city that supplies the U.S. and the world with tons of small commodities. Du and her husband run Yiwu Xianchuang Handicraft Manufacturing in the eastern city of Yiwu, home to the world's largest wholesale market. For years, the United States has been a major destination for Chinese goods, but exporters like those in Yiwu have been reducing their reliance on the world's largest consumer market as Beijing and Washington feud over trade. Those trends look to accelerate under President-elect Donald Trump, who has threatened to sharply raise tariffs on all Chinese imports and close some loopholes exporters currently use to sell their products more cheaply in the U.S.
History of this topic

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