A Bigger Bomb Than the Tariff War Is About to Explode in China
A Bigger Bomb Than the Tariff War Is About to Explode in China
Udumbara
0
.
High tariffs have made Dongguan products lose their price edge. US clients are now turning to cheaper countries like Vietnam and India. Some factories are stuck with too much inventory, others can’t pay suppliers, and some are even at risk of going bankrupt. When people in Dongguan say they’re “competing to the death,” it means the more they produce, the more they lose — prices are too low and profits are gone. This shows just how worried the export industry is right now.
.
