Trump’s duties are influenced by Chinese factories. However, Americans are also concerned
CLO against China reaches 145 percent.
Beijing, BRATISLAVA. After what US President Donald Trump announced in early April high duties Many countries, Machotso Moeti in Lesothe in the south of Africa, began to worry about its work.
Moeti moved to the capital of Masera from the countryside to work in a factory where she stains labels on the American GAP clothing.
« Working in a factory is the only job I know over the years. If the factory closes, I will not have a lot of options. I will be forced to return home to poverty from which I thought I fled, » She told The Guardian.
Good Morning: Markets revolve around an unmanaged missile named Trump Read
After Trump has recently suspended duties imposed on most countries for 90 days, he probably doesn’t have to worry about work. However, workers in China do not have the same feeling.
The Trump even increased duty to 145 percent. China returned the step by 84 % duty on American goods.
Chinese factories are largely dependent on the US market – but it also works the other way around. Customs will also affect American entrepreneurs who import goods from China. Many are now worried about losing their livelihoods.
In the article you can also read:
- How duties will affect production in China,
- What impact will they have on US merchants,
- which businesses will suffer the most.
Fears of Chinese factories
Many American companies have to sew clothes in Chinese factories. Smaller factories depend on their demand. Some of them have already canceled orders, others temporarily closed for fear of the range of duties.
Their owners are waiting for more information, but they look around buyers in other countries and at home. Employees hope not to lose their jobs permanently.
Customs can dampen a business turnover between the US and China by up to 80 percent Read
« The business war has a huge impact. If you can’t export, there will be fewer orders for clothes and we won’t be able to do anything about it, » describes for the New York Times daily Ling Meilan, co -owner of a shirt factory in Kanton in the south of China.
Meilan focuses mainly on sale for Chinese stores, so he does not have to worry about.
Yao, a manager of a nearby factory that delivers goods for Amazon, says she has already felt a slowdown in orders. « If US tariffs are too high, we will not be able to continue and will certainly go to other markets, » he says.
Americans also suffer
Trump promised to his supporters during the President’s campaign that they would be economically better. « Be fine. Everything will turn out well, » he told the Americans before announcing new duties for China.
Lyn Alessi, the owner of a wholesale company with fabrics in New York, is not quite sure. It also has production in Europe and Asia and duties could raise prices by half.
« All my customers slow down and ask me what we are going to do where we can move production, » He speaks for CBS News.
It would take at least ten years to return production to the US, which Trump wants to achieve.
Small businesses will be most affected. With your new reality to social network For example, Beth Benike from Minnesota, whose brand sells products for babies.
However, it produces them in China. She said she had already paid about $ 160,000 for production and would have to pay even more for imports to the US. It is therefore trying to find a solution – she could try to sell products abroad or send them from China to another country where they would wrap them up.
« I am worried about my business and all other small businesses in the United States. We have invested in our business and now we don’t know what to do. I could lose my home and I don’t understand and I don’t know what to do, » she said in the video.
