Overview

• The Canton Fair, China’s largest trade expo, highlights the severe impact of the US's 145% tariff on Chinese goods, with US orders drastically reduced or paused.
• Chinese exporters, heavily reliant on the US market, report significant financial strain, with some considering layoffs and reduced working hours.
• Many companies are diversifying into markets like Europe and Nigeria, the latter now a larger market for some exporters than the US.
• Attendance at the fair has dropped sharply, with fewer international buyers, especially from the US and Europe, reflecting broader global trade challenges.
• The Trump administration has temporarily reduced tariffs on other nations to 10%, excluding China, while trade negotiations continue.