CHINA (OBSERVATORY) – About 25% of China’s exporters forecast a large-scale “trade war” between China and the United States, reports Reuters.
As the survey showed, 65% of China’s exporters expressed fears about a possible “trade war”, but only 25% of respondents believe in a full-scale war.
The survey was conducted among 135 exporters of the PRC, including 84 exporters from the largest Canton trade fair in the country, as well as 51 exporter from the Hong Kong electronic exhibition.
“Only Chinese enterprises with units in the US in certain target sectors are likely to be directly affected by these tariffs,” the agency said.
In addition, the survey showed that Chinese exporters are more concerned about production costs, new orders and currency rates than growing protectionism.
In early April 2018, the US announced a list of goods imported from China worth about $ 50 billion, for which it is planned to introduce duties at a rate of 25%.
US fees will affect Chinese products in various sectors: the aerospace industry, information technology, engineering, robotics, etc. In total, 1,300 items of Chinese products are included in the list.