Worldcrunch
The United States continues to tighten restrictions on China’s access to Western technology, but the result has been to push Beijing to speed up a decoupling process that was already underway. Huawei now stands as a symbol of China’s response to the American challenge.
Following the tariff announcement, several U.S. importers have started asking Egyptian factories to increase their production capacity in the coming period, in an attempt to find an alternative to Chinese exports that will become more expensive due to the imposed tariffs.
The 75,000 wholesalers in the export manufacturing hub of Yiwu say they have been moderately affected by the tariffs imposed by U.S. President Donald Trump, which he has just announced he will double. Many had already pivoted to developing countries to sell their goods.