‘Everyone’s rushing’: China’s factories race to ship goods amid US trade truce
6 Articles
6 Articles
Tariff reductions revived trade between the world's two largest economies
It has been revealed that Walmart, the largest retailer in the United States, has begun to ask its Chinese suppliers to resume shipments of goods. This was revealed by several Chinese suppliers who spoke to Caixin reporters. Walmart has begun to ask its Chinese suppliers to resume shipments of goods.
US-China Tariff Truce Triggers Transpacific Rush—But Uncertainty Lingers
A 90-day truce in the ongoing US-China trade war has sparked a rush to move goods across the Pacific, with businesses scrambling to take advantage of temporarily lowered tariffs. President Donald Trump essentially backed down on a trade war that he started with China, reducing US duties on Chinese imports from a punishing 145% to 30%. China, meanwhile, slashed its tariffs on American goods from 125% to 10%. The short-term relief is already cre…
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