Traders in the export manufacturing hub of Yiwu, Zhejiang Province, shrugged off Donald Trump's tariffs – with some saying that they had already made preparations while others said U.S. customers would bear the higher prices.
Trump’s policies have reignited fears of a full-blown trade war that would ignite between the world's two largest economies, China and the U.S.
China has prepared to impose its own counter-tariffs of up to 15% on some U.S. goods starting from Monday February 10.
#US #uspol #china #uschina #tariff #tradewar
Trump’s policies have reignited fears of a full-blown trade war that would ignite between the world's two largest economies, China and the U.S.
China has prepared to impose its own counter-tariffs of up to 15% on some U.S. goods starting from Monday February 10.
#US #uspol #china #uschina #tariff #tradewar
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NewsTranscript
00:00We don't care if it's 50% or more.
00:02We don't care if it's the same in the U.S.
00:04We don't care.
00:07We can't help it.
00:08We're just doing our job.
00:10We can't do anything about it.
00:13We'll just do what they tell us to do.
00:25Before Trump came to power,
00:26we predicted that he would come to power.
00:29What would we do after Trump came to power?
00:32We would gather information from the press.
00:37From Facebook, YouTube, Instagram, etc.
00:42We would gather information
00:43and tell the company what to do after Trump came to power.
00:49We had a plan in advance.
00:51We didn't come up with it right away.
00:53It was too late to change the policy right away.