The escalating tariff war between the United States and China is causing significant disruptions in key Chinese ports.
As of this week, major shipping terminals in Shanghai and Guangdong, which usually handle a large portion of China’s trade with the U.S., are nearly empty of cargo ships bound for American ports.
The situation has worsened as ports struggle with containers that missed the crucial April 9 deadline, reports from industry insiders reveal.
Factory production has stopped in key export hubs like Zhejiang and Guangdong, which together make up a large part of China’s 2024 exports.
Goods that were once destined for the U.S. are now left abandoned in warehouses, with no clear plans for their redistribution.
The cause of the disruption is a sharp increase in U.S. tariffs. U.S. President Biden’s administration announced that tariffs on Chinese imports would rise to 125%, effective immediately.
The White House later clarified that
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