Christmas decorations displayed at Zhanbang Christmas Company at Yiwu International Trade Market in Yiwu, Zhejiang province, China. — Reuters
CHINESE producers of plastic Christmas trees and other festive decorations say orders from US clients, which are crucial for their business, should have started to come in by now. But because of surging import tariffs, they haven’t.
US President Donald Trump has imposed 125% tariffs on Chinese imports so far this year in an escalating trade war that threatens great pain for the world’s largest exporter of manufactured goods.
