Try GOLD - Free
US buyers elusive as tariffs cast pall over China trade show
The Straits Times
|October 23, 2024
Canton Fair feels effects of latest salvo in trade war between Washington and Beijing
GUANGZHOU - Chinese exporters at the country's largest trade show say that American buyers and the business they represent have become increasingly elusive, as rising tariffs cast a pall on the outlook for shipments between the world's two largest economies.
The twice-yearly Canton Fair, a bellwether for trade, opened on Oct 15 in Guangzhou, just weeks after the US implemented tariff hikes on Chinese imports from steel to electric vehicles on Sept 27.
It was the latest salvo in a trade war with more duties to follow over the next two years - that has since 2018 reshaped the global flow of goods, with emerging economies filling the space left by decreased US-China trade.
Its effects were felt in the southern Chinese manufacturing hub, where exporters from across the country are converging until Nov 4 to secure orders for the months ahead.
Ms Jessie Zhou, sales representative of a shopping trolley manufacturer from eastern China's Jiangsu province, said she had not encountered any American clients at the fair after tariffs on steel more than tripled to reach 25 per cent.
US buyers used to make up about 10 per cent of Changshu Kaijia Metal Products' business, she said.
Now, their orders were "basically no more".
This story is from the October 23, 2024 edition of The Straits Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Straits Times
The Straits Times
AMORIM PROUD OF STICKING TO BELIEFS
Red Devils boss 'learns a lot' during rough ride as EPL side begin to turn corner at last
3 mins
November 01, 2025
The Straits Times
A school team gave back a trophy.Here's why it matters
These are kids who understand integrity and a coach who remembers winning isn't quite everything. In the old days, we called this character.
3 mins
November 01, 2025
The Straits Times
How Singapore produce can win over price-conscious consumers
Local producers and retailers must better understand consumers' psyche.
4 mins
November 01, 2025
The Straits Times
SEA Games medallist jailed for drink driving, crashing into car
SEA Games squash gold medallist Vivian Rhamanan has been sentenced to two weeks' jail, after an incident where he had been drink driving and his vehicle collided with a car travelling on the opposite lane of a road in Sembawang.
2 mins
November 01, 2025
The Straits Times
Smart packs #5 with space, comfort and efficiency
Biggest model from Chinese-German brand offers longest range among cars of its size and performance
3 mins
November 01, 2025
The Straits Times
9 in 10 young women not taking active steps to protect breast health: Poll
Ms Jamie Ng was flourishing in her career in the fashion industry, with a degree under her belt and a stable job, when she found out three years ago that she had breast cancer.
3 mins
November 01, 2025
The Straits Times
The battle for New York
A fight is brewing between Donald Trump and Zohran Mamdani.
4 mins
November 01, 2025
The Straits Times
JOURNALISM READY TO MAKE WORLD HEADLINES
Nov 1 Breeders' Cup Classic form analysis
1 mins
November 01, 2025
The Straits Times
Does the Singapore River need to change course to remain relevant?
Older generations value its role in the nation’s history and remember the area’s heyday as a nightlife hub. How can it better appeal to a younger crowd who may be going out less?
5 mins
November 01, 2025
The Straits Times
Grace Fu named among Time's 100 most influential climate leaders
Minister recognised for her efforts along with others including Pope Leo XIV
2 mins
November 01, 2025
Listen
Translate
Change font size
