Singapore Lianhe Zaobao reported last night (April 26th evening) that "many Chinese exporters said that large American retailers, including Walmart, have notified some Chinese suppliers to resume shipments after communicating with the US government, and the tariffs will be borne by American buyers."
[Smart Comment]: Is the US government sanctioning the American people in the end? This move by American retailers seems to reflect that the tariff policy of the US government is causing great pressure on the domestic economy. Data shows that last year, China's total exports to the US were about $520 billion, among which approximately $30 billion worth of categories are those for which the US cannot find any substitutes at all, and about $180 billion worth of goods still remain competitive even if a 145% tariff is imposed. In addition, approximately $210 billion worth of export goods come from foreign-funded enterprises, among which products such as mobile phones and computers account for more than half, such as Apple and other brands. These data indicate that the supply chains of American retailers are highly dependent on China. The tariff policy of the US government not only fails to weaken China's exports but also puts American businesses at risk of rising costs and supply chain disruptions.
Original article: https://www.toutiao.com/article/1830518880683012/
Disclaimer: The article solely represents the author's views.