(3-minute Read)
US President Donald Trump imposed sweeping tariffs on goods imported to the United States from nearly all countries and territories at the beginning of April.
The Canton Fair opened in the southern city of Guangzhou with some 31,000 companies participating at 74,000 booths, according to state media.
Zhao Xianmei, marketing manager at a company that designs and produces massage chairs, said that 70% of its orders come from deals made at the Canton Fair. Nearly one-third of the products of Bella Intelligent Information Technology Company are sold to European countries and the United States.
US President Donald Trump imposed sweeping tariffs on goods imported to the United States from nearly all countries and territories at the beginning of April. While several nations attempted to negotiate the tariffs, Beijing countered by raising its tariffs on US goods to 34%, retaliating against the US tariffs. Washington then escalated by raising its tariffs to a 145% rate. China responded with a 125% tariff, which took effect on Saturday.
Read Also:
https://trendsnafrica.com/amidst-tariff-war-china-registers-12-4-growth-in-exports-in-march/
Also present at the Canton Trade Fair, air conditioner and fridge manufacturer Chigo has been exporting overseas since the 1990s. Now, Chigo products are sold in 180 countries and regions.
Arabic
Chinese (Simplified)
Danish
English
French
Hindi
Italian
Norwegian
Portuguese
Russian
Spanish
Swedish