China exporters shifting sales to local markets

The Commerce Ministry has called for major domestic retailers and distributors to help them expand sales in domestic markets. — China Daily

BEIJING: Ningbo Today Food Co Ltd, one of Asia’s leading tuna product firms, is navigating a tumultuous export market landscape as orders from the United States have steadily declined since the introduction of tariff policies first levied in 2019.

The US market used to make up 20% of orders, but has now declined to nearly zero.