US-Chinese trading lever as the world’s largest divorce to divorce

Chinese exporters have moved to respond to the devastating tariffs for the hike, canceling supplies and redirecting goods to other countries, as the two largest economics are subjected to economic divorce.

US president on Wednesday announced 90-day pause In additional tariffs in most countries, but retained their 104 percent tariffs for China and have accumulated an additional 21 percent to punish Beijing for revenge.

In response, Chinese sellers on e -commerce platforms raise prices to 70 percent of US consumers and others are preparing to leave the US market because punitive tariffs make trading impossible, one of the largest e -commerce associations in China reports.

“Chinese sellers will not be able to take over the additional (financial) burden on the US hike,” said Wang Xin, President of the Shenzhen Transboundary Commerce Association, an industry group representing more than 2000 sellers in China.

“We pass through fire and water,” said Van, whose members sell products to the US on both Amazon and Shane and the subject.

One Temu seller based in Guangzhou said some colleagues were construction plants in third countries, such as Jordan to complete goods and then re -export to the US. They said that other sellers experimenting with the redirect of goods through countries with trade treaties.

But they added that there is a huge amount of uncertainty for Chinese manufacturers moving around the country, after Trump gave his willingness to expand the tariffs beyond China.

So far, most Chinese merchants are still in standby. “It is now extremely difficult to make long-term plans,” said Hu Jianlong, CEO of Brands Factory, the Insights’ e-commerce platform.

Shipping companies said transport orders were canceled in the coming weeks, and they expected the violations in the coming weeks.

“Now we see a huge number of cancellation,” one person said in the Shanghai truck. “There is just so much uncertainty that people pull the containers.”

“At the moment, we have a new order about 100 containers that should be included in Houston, and everything is waiting,” the man added. “The situation is changing almost every hour.”

In the other direction there are signs of cancellation, where trade is vulnerable to the retaliation of Beijing for imports from the US.

One shipment of gas to the US was canceled from higher Chinese tariffs, reports a person familiar with the situation. The United States also exports agricultural products, machines and other goods to China.

China on Thursday contributed to its power Additional 84-percent tariffs The US, as planned, has led to more than 100 percent of US imports. But while he signaled that President Xi Jinping would not retreat from the escalation trading war, it did not make an immediate step to match the Trump’s even higher speed.

“If you want to talk, the door is open, but the dialogue should be conducted equally on the basis of mutual respect,” the Chinese Ministry of Commerce said. “If you want to fight, China will fight to the end. Pressure, threats and blackmail are not the right way to combat China.”

Reminbi has weakened to the lowest level since 2007. In the last Beijing sign, he is ready to transfer gradual cushioning in response to the US tariffs.

On Thursday at the beginning of trading at the early Tarda at the beginning of the trading in the early Tarda in the early Tarda in the early Tarda in the early Tarda in the early Tard, the weakest, after the People’s Bank of China weakened the currency on the sixth day. In the future, he collected losses for trade about 7.337 per dollar.

US Finance Minister Scott Baby On Wednesday warned China from currency devaluation.

Beijing also participated in the Schwall of Diplomacy, holding talks with the European Commission Commissioner Moros Shefchovich and Minister of Trade Malaysia Zafrul Aziz, whose country is the chairman of the ASEAN Southeast Asia trade bloc.

“China is ready to work with its trading partners, including ASEAN, to … jointly supports the multilateral trading system,” the Chinese trade ministry said.

US shares grew after Trump’s announcement, and the Blue-Cheip S&P 500 index closed 9.5 percent. The rally spread on Thursday, and Japanese Topix closed 8.1 percent, and Taiwan Taix scored 9.3 percent. The STXX Europe 600 index increased by 5.5 percent in the afternoon, while Germany Dax increased by 8.3 percent and FTSE 100 advanced 6.1 percent.

On the contrary, stock indexes in China were relatively muted, but closed, despite the tariff blitz, weighed confidence. Analysts suggested that the “national team”-institutes supported by the government were partly lagging behind an increase of 1.3 percent in the CSI 300. Hong Kong Hang Seng Index closed by 2 percent.

Report: Robin Harding, Chan Ha-Him and Arjun Neil Alim in Hong Kong, Joe Licha and Eleanor Olcott in Beijing, Thomas Hayle in Shanghai, Laura Anita and Oliver who tell in London and Harry Dempsey in Tokyo