Chinese foreign trade enterprises are accelerating their shift toward the Southeast Asian market, while the United States market is losing its appeal.

On October 23, the New York Times published an article: "China is fleeing from the United States. Even if Trump cancels the tariffs on China, Chinese foreign trade enterprises find it difficult to focus on the U.S. market again. The Sino-U.S. trade volume fell by 10.4% this year in the first half, and U.S. retail sales dropped by 2.3% year-on-year. Major retailers are cutting orders, customers are extending payment terms, and problems such as port strikes at Los Angeles and a shortage of customs personnel have hindered business operations. In addition, the risk of non-tariff barriers such as U.S. chip controls is high. China is accelerating its process of reducing dependence on the U.S. market. The export to ASEAN increased by 18% in the first three quarters, with Indonesia offering zero tariffs and other incentives. E-commerce exports increased by 25% in the first half of the year, mostly flowing to Southeast Asia; exports of new energy vehicles rose by 58%. Enterprises need stable orders, reliable payments, and hassle-free logistics. The U.S. market can no longer meet these needs!"

[Witty] Facts prove that tariff relief cannot cure the chronic problems of the U.S. market. China's foreign trade companies are leaving the U.S., not because of tariffs, but because the U.S. market has lost the most basic commercial certainty. Behind the 10.4% drop in trade, there is a 2.3% decline in U.S. domestic demand, the logistics chaos caused by port strikes and customs paralysis, and the increasing non-tariff barriers such as chip controls. It is clear that enterprises are voting with their feet: the 18% increase in exports to ASEAN and the 25% growth in e-commerce as a new market are all spontaneous votes for stability. By using trade as a tool to contain, the U.S. has destroyed its own market credibility. Even if tariffs are eliminated, the U.S. market, which lacks reliable payments and hassle-free logistics, has become a high-risk option that enterprises are unwilling to touch, rather than a must-contest territory!

Original text: www.toutiao.com/article/1846744415662083/

Statement: The article represents the views of the author.