SInce Donald Trump filed tariffs against most countries to ultimately declare the war in just one, China, all bridges between the two largest powers in the world have been cut. Chinese exporters are evaluating their variable exposure to the US market. They look for new points of sale, and once they find them, it is likely not to go back.
However, for many, the reality of great losses is undeniable: with a 145%rate, many US distributors have chosen to suspend their orders from China. They are waiting to see if the commercial storm will pass. Shock is brutal for China’s export regions. Therefore, all the main actors in the country’s economy are mobilizing. After all, the emergence of China’s industrial power is what is directed, and everyone must meet behind the great national struggle.
Web giants are at the forefront: they are helping Chinese producers sell at the national level what they can no longer download in the US market. The Electronic Commerce Giant Alibaba has announced the creation of a working group: 10,000 vendors will add 100,000 more listings to its Taobao site. The Hangzhou headquarters has everyone to appear proactive: it was the objective of a 2020 repression campaign. Therefore, since then, it has redoubled its manifestations of political loyalty. Another important place, JD.com, has announced the launch of a fund of 200 billion yuan (€ 24 billion) to buy more from Chinese producers.
National Solidarity
One of its main competitors, Peanutodou, has also taken a step forward. The group executes the TeMU site cut, very popular in Europe and the United States. The tens of thousands of independent vendors operating there will be difficult to eliminate, on May 2, or the exemption of minimis that allowed the plots valued in less than $ 800 to be delivered free of taxes. Peanutodovo promises to invest 100 billion yuan for about three years to help their sellers adapt.
Themu is also rebuilding his reputation, since he has criticized Bone Frey in China for his factories for imposing hard conditions on the subject. At the end of July 2024, hundreds of owners of small textile workshops protested outside their headquarters to complain about the sanctions imposed by the company and the fact that a customer complains OB Product, are reimbursed without having it.
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