In an ever escalating trade war, China has started to feel the effects of the Trump tariffs. As the production of US bound products pause, China cannot produce as much.
They are beginning to look to new markets, but that takes time. In the mean time, workers are getting sent home because there is just no more work for them to do. It has been noted by some economists these tariffs on China will have a worse impact that COVID-19.
Companies have turned to live-streaming to try and get their products sold. While not as guaranteed as an export, the companies are trying their best to maintain some cash flow to keep their businesses afloat.
1 comment:
It’s wild to think that the tariffs might hit harder than COVID economically in some sectors. Do you think this push toward live streaming and domestic sales could permanently reshape how Chinese companies operate post tariffs?
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