By Admin 
Us china trade war: Some Chinese exporters have taken a big step amidst faster trade war between China and America. They are leaving their goods in the middle of sea travel and surrendering containers to shipping companies. They are doing this to avoid America’s new heavy tariffs. The people of the industry are calling it a “preparation of long march”, that is, a long and difficult economic recession.
“50 to 3-6 containers a day”
According to a report by South China Post, an employee of an export company listed in China said that after the new tariff of the Trump government, his daily shipment to America has fallen from 40-50 containers to only 3-6 containers. The US has imposed an additional 104 per cent tariff on Chinese goods, causing the total tariff to reach 115 per cent. These new tariffs have made Beijing angry and stirred up global markets. There is a fear that this may sprinkle a trade war.
“Goods reached the sea also cancell”
The company’s employee said, “We have stopped all shipping plans from the Philippines, Vietnam, Indonesia and Malaysia. Every factory order has been canceled. The goods that have not been loaded yet, are being scored and which is in the sea, a new price is being paid.” A client told the company that it is leaving the goods already sent to the sea and giving it to the shipping company, because “no one will buy it after the tariff.”
“Damage on every container”
The employee said, “Now every container is suffering so much loss as earlier that there was a profit from 2 containers. Who will do this work?” China’s exporters are now turning to Europe and Japan instead of America, so that the storm of trade war can be avoided.
American buyers are also retreating
China is the world’s largest exporter and sent $ 439 billion goods to the US last year, while the US exported only $ 144 billion to China. But now American buyers are also retreating due to fear of inflation. Some manufactures say that 300 containers are being canceled daily.
Factors cut, fear of going jobs
Exporters are reducing their operations due to new tariffs and uncertain markets. In many factories, working hours are being reduced and employees are being asked to work in low shifts. The American branch of the company whose employee was talking has started trimming the frontline workers, as the demand has been badly affected.
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