China can withstand any new tariffs the world throws at it – even the punitive ones Donald Trump is planning if he wins a second presidential term – because its prices are simply too competitive to resist.
But traders at the Canton Fair say the world will need Chinese goods no matter what. They’re coming up with workarounds for tariffs. And even buyers who are looking into supply-chain alternatives said they still expect China to remain their top source, because other countries lag in quality and cost.
In other words, sanctions will not work. Even if it does, China has plenty of clients from the emerging markets.
This excerpt is certainly interesting to read:
In other words, sanctions will not work. Even if it does, China has plenty of clients from the emerging markets.