The major China trade fair, Canton Fair, marked a turning point for exporters as they face challenges due to President Trump’s tariffs. Businesses at the event, held in Guangzhou, reported a significant drop in US orders following the imposition of a 145% tariff on Chinese goods. More than 30,000 exhibitors showcased their products across an expansive area, with previous editions securing deals worth $25 billion. However, this year’s event was overshadowed by Trump’s import taxes, posing a threat to China’s economy. Kobe Huang, representing Shenzhen Landun Environmental Technology, noted that while European sales are stable, the US market is “frozen.” Customers have not canceled orders but are requesting extended deadlines. China’s annual sales to the US exceed $400 billion, making it a crucial trade partner. Trump’s recent measures include a temporary 90-day pause on tariffs, imposing a 10% rate on all countries except China. For companies like Conmo Electronic Co., which relies heavily on US clients, the situation is dire. Marketing manager Candice Li stated that finding new markets overnight is impractical due to specialized manufacturing needs. Other countries, such as Vietnam, are reportedly overwhelmed with increased demand. Concerns persist about potential tariffs post-pause, complicating shifts away from China. David Du, sales manager at Zealot, noted a pause in orders from Skechers due to tariffs, shifting focus to emerging markets like Nigeria. Levy Spence, president of Air Esscentials, expressed uncertainty about purchasing due to fluctuating tariffs. Attendance at the Canton Fair dropped from 253,000 to 170,000, with a decline in US and European buyers. — new from New York Post
