Trump Hits Europe with Chinese Goods 0 7

The introduction of high tariffs on Chinese goods by U.S. President Donald Trump has led to their redirection to European markets. This was reported by the Wall Street Journal (WSJ).

In particular, this involves at least a $100 fee on small packages, whereas previously shipments from China were exempt from tariffs if their value did not exceed $800. As a result, since the end of spring, the flow of such packages from China to America has collapsed by 40 percent.

However, Chinese exporters have navigated this situation by redirecting goods to the European Union, which does not impose duties on packages valued up to 150 euros. Additionally, the United Kingdom has proven to be a convenient market. The outcome of this development is that Chinese supplies to Hungary and Denmark have surged by nearly 300 percent, while in Germany, France, and the United Kingdom, they have increased by more than 50 percent. However, European manufacturers and retailers are not thrilled about this turn of events. They are alarmed by the influx of cheap Chinese goods, which they see as a threat to their own businesses.