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The trade between China and the United States is accelerating downward, and many companies that make

2023-05-09

The trade between China and the United States is accelerating downward, and many companies that make US orders are at a loss and don't know what to do.

The trade between China and the United States is accelerating downward, and many companies that make US orders are at a loss! Various signs indicate that the decoupling of trade between China and the United States is accelerating. As of the end of December last year, US manufacturing orders to China decreased by 40% year-on-year. In fact, since September last year, China's contribution to the growth rate of US exports has continued to be negative.

Specifically, commodities such as textiles, clothing, electronics, and machinery that previously provided significant support for China's exports have all experienced a reversal. China has been the largest trading partner of the United States for many years, but its ranking is rapidly declining and has now reached third place.

The trade between China and the United States is accelerating downward, and many companies that make US orders are at a loss! This is simply unbelievable. It should be noted that for a long time, the United States has been highly dependent on China's imports, with the growth rate of goods imported from China exceeding the total growth rate of imports from the United States. However, the data from these two months shows that the overall import growth rate of the United States has started to decline, and the decline in import growth rate from China is much deeper than that from global imports.

The trade between China and the United States is accelerating downward, and many companies that make US orders are at a loss! A grain of sand from the times falls on everyone's shoulders like a mountain. At this moment, countless companies that used to make orders from the United States are at a loss about what to do with the sudden loss of orders, not knowing what to do. Similarly, the workers of these companies do not know what to do, because not only American orders, but also foreign trade orders have almost all been lost. Powerful companies are ready to withdraw, while others are still struggling, hoping for a recovery in the industry.

Transformation is the absolute principle, and developing the domestic market is the right path. However, how to take this path seems even more confusing for enterprises.


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