"Decoupling" is the worst result, but U.S. tariffs are forcing Chinese goods to move away.
CNBC reported that some Chinese factories have stopped producing goods for U.S. customers and are starting to seek other opportunities.
Goldman Sachs estimates that 10 million people in China are engaged in export businesses to the United States.
Turning quickly is no easy task.
Chinese companies now have two choices: one is to focus on the domestic market and shift their attention to the local market; the other is to develop more European and Latin American clients.
Between 2018 and 2024, China's exports to Brazil doubled, and its exports to Ghana also doubled.
Americans won't have it easy either.
Data from Port Optimizer, which tracks shipping vessels, shows that the number of containers arriving at the Port of Los Angeles has decreased by nearly 36% over the past two weeks.
Next, it could be shortages of goods and rising prices.
Source: https://www.toutiao.com/article/1830633860810752/
Disclaimer: The article solely represents the author's personal views.