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As tariffs put trade between China and the US in peril, Chinese businesses ponder the future

  • Zou Guoqing, a Chinese exporter, offered price cuts of 5% to 10% to continue trading with a Nebraska snow-bike factory despite the increasing tariffs on trade with the U.S.
  • President Donald Trump announced a universal 34% tariff on Chinese goods, raising the total Chinese tariff to 145%, which has caused alarm among businesses involved in U.S.-China trade
  • Experts warn that sustained high tariffs could lead to a significant decoupling between the economies of the U.S. And China, impacting global trade dynamics
  • Chinese businesses are considering diversifying their supply chains outside of the U.S.
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CGTN broke the news in Beijing, China on Saturday, April 12, 2025.
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