China supplies American businesses with cheap assorted products that simply are NOT available IN America….
Those products have ALREADY stopped making the trip to America due to Trump’s tariff’s/import taxes price boosts….
Hammers, hats and hair clips. Toys, tech, socks, baseball caps and Christmas decorations. If it’s a cheap manufactured product, it may well have come from the world’s largest wholesale market in the Chinese city of Yiwu.
With 75,000 suppliers spread across six buildings, it was once a one-stop shop for American companies, big and small, looking to buy cheap goods and export them back to the U.S.
Today it is on the front line of President Donald Trump’s trade war, and after he upped U.S. tariffs on Chinese-made goods from 10% to 145%, vendors told NBC News on Wednesday, their once reliable American clients have started to put orders on hold or cancel them altogether….
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But as tariffs have soared, she said American clients like Target have halted orders and put two shipping containers full of her products on hold. “They want to see what is happening in the future,” she said.
After stunning trading partners and global markets in early April, when he announced a raft of “reciprocal” tariffs on imports from more than 180 countries, Trump subsequently paused higher targeted tariffs for 90 days for most countries. …
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Chen Jinsai, a vendor selling press-on nails, said she didn’t think she’d shipped anything to the U.S. “in the first half of this year” mainly “because the export taxes have gotten way too high.”
Goods that were ready to be shipped have “just been sitting there,” she said, adding that customers had not asked them to suck up the extra costs from the tariffs. “If I had to pay the tax, I’d be losing money. Our prices are already quite low, so the tax is definitely something the customer has to handle themselves,” she said…
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“Since tariffs, some clients asked me to help share the cost, but I won’t do that because the margin is already very thin,” she said, adding that one of her American customers “told me he managed to clear out his warehouse stock as people were panic-buying from him.”
“For us, we have ways of offsetting the losses by selling to other markets,” she said. “But I feel sorry for everyday Americans, as they are the ones paying for the rising cost.”….
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