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Trump's sharp tariff hikes could speed up China's shift to new markets and offshore factories

By Economic Times - 8 hours ago
Chinese exporters in Yiwu, known for supplying small commodities globally, face declining U.S. sales amid trade tensions and potential tariff hikes under Trump. Businesses are exploring new markets like the Middle East and Southeast Asia while some consider relocating production to avoid tariffs, impacting both Chinese manufacturers and American consumers.

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