Firms making their wares in China are already hurting under US punitive duties imposed last year and insiders at several of them told AFP that Trump's latest measures would force them to relocate production and lay off staff."We're waiting for the results of the negotiation. If Trump wants to do anything we can't stop him," said an employee at Tongwei Hainan Aquatic Products, which specialises in tilapia and ships most of its product to the US.
Easy to farm, tilapia is known as"aquatic chicken" in the seafood industry and the cheap fillets that come frozen from China pile up on American dinner tables.Last year 84 per cent of US frozen tilapia imports, worth US$435 million, came from China, according to US data. "The whole industry is like this, customers are waiting and watching, suspending orders, holding off on new orders, and suspending shipments," she said.China's goods shipments to the US fell 10 per cent on-year in the first four months of the year, according to customs data released Wednesday.
In the US the prices of imports from China have fallen since September, when Washington imposed the 10 per cent tariffs, according to research from trade data firm Panjiva. Sun, a manager at a large wood door manufacturer in northeast China that ships the vast majority of its product across the Pacific, said his factory had done just that, splitting the cost of the tariffs 50:50 with their American buyers.But the factory won't be able to share the burden if duties are hiked to 25 per cent, Sun said."Our orders will fall but we won't go bankrupt. We will have to retrench but we still have some customers in other countries like Japan and France.
US-based Brooks Running Company said Wednesday that it is moving some shoe production to Vietnam from China because of the uncertainty of an additional 25 per cent tariff, shifting about 8,000 jobs.
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