• Latest
  • Trending
  • All

A defiant China looks beyond American buyers

May 1, 2025

Tech Life – ChatGPT prompt generates disturbing images

June 17, 2026

Murdered Preston Davey's biological dad tells of anguish at vigil

June 16, 2026

Struggling Pizza Hut chain to be sold for $2.7bn

June 16, 2026

Money Box – Renting in Retirement and Wildlife Bank Notes

June 16, 2026

Three reasons ships are not going through the Strait of Hormuz yet

June 16, 2026

Remote volunteers use CCTV to save red squirrels

June 16, 2026

How Prince George will follow in his father’s footsteps at Eton

June 16, 2026

Grammy Awards add Asian Pop and Latin song categories

June 16, 2026

Oil tanker seized in Scottish waters reappears with new identity

June 16, 2026

Vincent Tan: Cardiff City owner converts £42m of debt into equity

June 16, 2026

Burrows denies 'deals done' to block NI minimum criminal age rise

June 16, 2026

Australia to probe assault claims by Gaza flotilla activists against Israeli forces

June 16, 2026
News
  • Login
  • Home
  • News
  • Sports
  • Worklife
  • Travel
  • Reel
  • Future
  • More
Wednesday, June 17, 2026
No Result
View All Result

NEWS

3 °c
London
8 ° Wed
9 ° Thu
11 ° Fri
13 ° Sat
  • Home
  • Video
  • World
    • All
    • Africa
    • Asia
    • Australia
    • Europe
    • Latin America
    • Middle East
    • US & Canada

    Australia to probe assault claims by Gaza flotilla activists against Israeli forces

    Cuba tourism collapses as US pressure campaign bites

    Nigerian army frees widow of ex-general who died in captivity

    India temporarily bans Telegram to tackle fraud in key medical exam

    Russian artist and Putin critic shot dead in Poland

    Brazil woman dies after rope-jumping instructors fail to attach cord

    Iranian-Americans protest against Iran’s team outside opening round World Cup game

    Eight dead after US Air Force B-52 bomber crashes in California

    World Cup 2026: Nestory Irankunda – the refugee who quit Bayern to make Australia history

  • UK
    • All
    • England
    • N. Ireland
    • Politics
    • Scotland
    • Wales

    Murdered Preston Davey's biological dad tells of anguish at vigil

    How Prince George will follow in his father’s footsteps at Eton

    Oil tanker seized in Scottish waters reappears with new identity

    Vincent Tan: Cardiff City owner converts £42m of debt into equity

    Burrows denies 'deals done' to block NI minimum criminal age rise

    Polls open on Thursday for the Makerfield by-election

    Alessio Dionisi: Watford appoint Italian as new head coach

    Reform pledges new tax on hiring foreign workers

    Gang guilty of organised crime in £4m cocaine and dirty money ring

  • Business
    • All
    • Companies
    • Connected World
    • Economy
    • Entrepreneurship
    • Global Trade
    • Technology of Business

    Struggling Pizza Hut chain to be sold for $2.7bn

    Money Box – Renting in Retirement and Wildlife Bank Notes

    What is Helium-3 and could we get it from the moon?

    Fox to buy Roku streaming firm in $22bn deal

    Why I sold my business to my staff

    Oil prices slide after Pakistan announces deal between US and Iran

    UK electric car sales target set to be weakened

    Why the US economy keeps defying the odds

    Teen plans to leave uni 'debt free' after making £35,000 selling vintage football shirts

  • Tech
  • Entertainment & Arts

    Meghan hits red carpet at Power of Women in Hollywood

    Margot Robbie unable to speak at Saltburn premiere

    Barbra Streisand: Siri can now pronounce my name

    Wes Anderson’s The Grand Budapest Hotel inspires cinema’s look

    Taylor Swift/ Travis Kelce romance reaches White House

    The Killers booed at Georgia concert after inviting Russian fan on stage

    Watch: Memorable moments from Parkinson's star-studded show

    Tom Jones: Neighbour surprised to find singer in flat below

    Black Country Folk Festival showcases local musicians

    Watch: Australians set new world record with Tina Turner dance

  • Science
  • Health
  • In Pictures
  • Reality Check
  • Have your say
  • More
    • Newsbeat
    • Long Reads

NEWS

No Result
View All Result
Home World Asia

A defiant China looks beyond American buyers

May 1, 2025
in Asia
14 min read
235 18
0
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Laura Bicker

China correspondent

Laura Bicker explains how tariffs are affecting US and Chinese toy businesses

“We don’t care about sales to the United States,” says Hu Tianqiang as one of his toy fighter jets flies past our heads.

It’s hard to hear him above the buzzing toy planes and miniature drones, an almost rhythmic backdrop to the cacophony of toys that surround him, all clamouring for the attention of buyers.

Hu’s stall, Zhongxiang Toys, sits inside the world’s biggest wholesale market in the small Chinese city of Yiwu.

It’s a huge showroom of more than 75,000 shops where buyers come seeking just about everything, from twinkling Christmas lights and kitchenware to umbrellas and massage guns. It can take most of the day just to get around one department given each of them has an airport hangar’s worth of goods on show.

Yiwu is in the province of Zhejiang, along China’s eastern coast. The manufacturing and export hub, home to more than 30 ports, accounted for 17% of all Chinese sales to the US last year.

That puts Yiwu, and this region, at the frontline of the US-China trade war.

Mr Hu, too, is on the frontline. He sits among rows of snazzy toy jets, squeaking dogs, fluffy stuffed animals, barbies and motorcycle-riding spidermen – a sliver of the $34bn (£25bn) worth of toys China exported in 2024.

About $10bn of it went to the US. But now, these Chinese exports to America face up to 245% tariffs. And US President Donald Trump has made it clear that he blames Beijing in particular for cornering too much of the global market.

But things have changed here since Trump’s first trade war against China, which kicked off in 2018. It taught Yiwu a lesson, summed up by Mr Hu: “Other countries have money too!”

That defiance has become a familiar theme in the world’s second-biggest economy, which is bracing itself for another turbulent Trump presidency.

Beijing, which has been repeatedly telling the world that the US was bullying countries into trade negotiations, has not backed down yet from the trade war.

The propaganda online has ratcheted up, applauding Chinese innovation and diplomacy in contrast to the uncertainty unleashed by Trump. On the country’s highly controlled social media, there are plenty of posts echoing the leadership’s promise that China will keep fighting.

And in factories and markets, businessmen and exporters now say they have other alternatives, beyond Trump’s America. Mr Hu, for instance, says around 20%-30% of his business came from US buyers. But not anymore.

BBC/ Xiqing Wang Dolls and other toys sit togetherBBC/ Xiqing Wang

China exported $34bn-worth of toys alone in 2024

BBC/ Xiqing Wang A toy Trump in a blue jacket and red tie in a glass case in a stall in Yiwu. BBC/ Xiqing Wang

And some $10bn of that went to the US

“We don’t care about that 20-30%,” Mr Hu says. “We now sell mostly to South America and the Middle East. We are not lacking money, we are rich.”

When we ask about Trump, his colleague Chen Lang jumps in, rolling his eyes: “He’s cracking international jokes like no other. One day, one joke. Adding tariffs for him is like cracking a joke.”

Nearby, one of the thousands of buyers that flock to this market every day is negotiating a price to buy more than 100 robots that turn into cars in a series of beeps and buzzes. After tapping various numbers into a calculator, the final price is written in chalk on the floor.

The buyer, we are told, is from Dubai. The BBC met many others from across Africa and South America.

Lin Xiupeng says he has noticed the shift away from American buyers in his last 10 years in the toy business.

“A few days ago, the shop next to us had an order from a US client. It’s worth more than one million yuan. But because of tariffs, the shop owner decided to cancel it,” he says, offering us cups of tea.

“They must need China,” he says, adding that the country supplies most of America’s toys.

“I think there are a lot of businesses in the US protesting these days.”

BBC/ Xiqing Wang A man walks down a hall lined with toys hanging upBBC/ Xiqing Wang

People in the toy business that the BBC spoke to said they had plenty of interest from other parts of the world besides the US

Mr Lin is correct. Some toy shop owners in the US have written to the White House describing the tariffs as “disastrous” for their business.

“The tariffs are taking a hatchet to small businesses across America,” Jonathan Cathey, who owns a toy company in Los Angeles, told the BBC over the phone.

He invested his last $500 in his company, Loyal Subjects, in 2009, which he ran from his two-bedroom bungalow in West Hollywood. He says it’s now a multi-million-dollar business, but the tariffs could derail his plans.

“The entire toy industry could go under. We are looking at the total implosion of the supply chain. It’s going to get really ugly,” he warns.

He says swapping suppliers is a huge task: “You need a lot of resources on the ground to produce a toy and many of these Chinese businesses have spent 40 years perfecting their craft.”

Trump’s crusade

China has been a big part of Donald Trump’s first 100 days in office, with his administration going head-to-head with Beijing.

“He seems to be launching a crusade against the whole world,” says former Senior Colonel Zhou Bo, who served in the People’s Liberation Army. “But of course he’s trying to bash China the hardest.”

Trump accused China of operating the Panama Canal, which is run by a Hong Kong-based firm, and vowed to take it back. He has been on the hunt for ways to mine rare earth minerals, which China effectively has a monopoly over, making this a key part of any deal with Ukraine. His threats to take Greenland are also likely aimed at curbing China’s ambitions in the Arctic.

And, of course, he initiated another trade war, which takes special aim at China’s neighbours, such as Vietnam and Cambodia, that have been crucial to its evolving supply chain.

BBC/ Xiqing Wang Zhou BoBBC/ Xiqing Wang

Zhou Bo tells the BBC that Trump seems to be launching a “crusade against the whole world”

In the last week, he suggested the levies on Chinese goods could be halved and spoke of “a fair deal with China” that his administration was “actively” negotiating.

But China’s Commerce Ministry rebuffed this as “groundless with no factual basis”. The headlines in state media haven’t spared him either: “Trump is probably the worst president in American history,” read one on state TV.

It seems the US president is waiting for his Chinese counterpart Xi Jinping to pick up the phone.

“We in China say – we have to let the bullet fly for a moment,” Col Zhou says. “That means in the fog of war, we do not know what will come next. I believe this kind of tit-for-tat would last for maybe one or two months – hopefully not more than three months.”

It cannot go on, he adds, because that would not be good.

It’s certainly not good for China. Trump’s tariffs are not even the biggest challenge facing the country, which is also grappling with domestic economic pain, from low consumption to a housing crisis that has dented people’s savings and confidence in the future.

The terrible timing aside, the tariffs are biting Chinese businesses.

Goldman Sachs has forecast that China’s economy will grow by 4.5% this year, short of the government’s target: 5%.

The BBC reported from the trading hub of Guangzhou in mid-April that US-China trade was grinding to a halt, with exports to American households piling up on factory floors. That is borne out by this month’s economic data, which show that activity in factories has sharply slowed.

BBC/ Xiqing Wang Two men look at a stall that has a life-size toy soldier standing guard, with a toy gun.   BBC/ Xiqing Wang

Traders from everywhere come to Yiwu to buy goods, offering new markets to Chinese exporters

When the BBC rang suppliers to see if shipments to the US had resumed, what emerged was a messy picture. One supplier said he had half-a-million pieces of clothing waiting to ship to Walmart, and a few others echoed his uncertainty. But two exporters we spoke to said some shipments from US retailers had indeed restarted.

The range and complexity of the trade between the two economies, which includes cargo cranes, umbrellas and everything in between, means that it’s often down to different businesses and supply chains as to how they deal with the tariffs.

Whatever the business, there is no doubt the American consumer will feel the absence, or potentially higher prices, of Chinese goods.

Opportunities beyond America

The US still relies heavily on Chinese manufacturing to meet its own domestic demand – think phones, computers, semiconductors, furniture, clothes and, of course, toys. Electronics and machinery alone account for more than 50% of US imports.

Walmart and Target reportedly told Mr Trump in a meeting last week that shoppers are likely to see empty shelves and higher prices from next month. They also warned that supply shocks could carry on until Christmas.

Some 90% of all Christmas decorations hung around American homes come from Yiwu in China, where sellers, surrounded by signs wishing the world “Feliz Navidad” told us they’re now trying to focus on sales to South America.

And that effort is very evident in Yiwu.

In the early morning, before the shutters even open, the cavernous lobby of the wholesale market echoes with voices reciting key phrases.

“Shukran,” says the teacher in Arabic. The students repeat it several times to perfect the pronunciation before learning that it means “thank you”. “Aafwan” comes the reply, or “you’re welcome”.

BBC/ Xiqing Wang Women stand in a line with notebooks and phonesBBC/ Xiqing Wang

Salespeople in Yiwu are learning to speak to buyers from different countries

These are free lessons offered by a local government association. Most of the students are women, dressed in their best to also impress their customers.

“These women are the backbone of trade across China,” says one stall holder, who is originally from Iran and is giving private lessons to an eager student.

“They’re doing these lessons to stay ahead of one another, to stay in competition.”

Most of the traders can already speak a few words of English. Now they say they need to greet their new buyers in Spanish and Arabic – a small but crucial sign of China’s shifting trade relationships.

Oscar, a Columbian who would only give us his first name, was wandering the halls of the market with bags filled with fluffy bunnies and bears.

He says the US-China trade war offers “many opportunities” for traders from other parts of the world.

“Doing business with China is very important,” he insists. “[Doing business with] the US these days, less so.”



Source link

Related Posts

India temporarily bans Telegram to tackle fraud in key medical exam

June 16, 2026
0

"The block of Telegram is reactive and ineffective and will punish ordinary users instead of addressing the systemic source...

Australia demands answers after girl taken hostage is shot dead by Pakistan police

June 15, 2026
0

Pakistani police said the nine-year-old was mistakenly shot as they pursued a group of armed robbers. Source link

Vincent's parents 'never say he's good enough' – so he turned to a middle-aged couple online

June 14, 2026
0

A niche group of content creators called "virtual parents" have become hugely popular among young people. Source link

  • Lee McGregor: Scot seeks world title in 2025 & Nathaniel Collins bout

    677 shares
    Share 271 Tweet 169
  • Belgian footballer arrested in cocaine investigation

    533 shares
    Share 213 Tweet 133
  • Next to raise prices to help pay for rising wage costs

    531 shares
    Share 212 Tweet 133
  • South Wales Police officers injured, one arrested

    525 shares
    Share 210 Tweet 131
  • Charities to get £15m fund to save surplus farm food

    516 shares
    Share 206 Tweet 129
  • Trending
  • Comments
  • Latest

Lee McGregor: Scot seeks world title in 2025 & Nathaniel Collins bout

January 16, 2025

Belgian footballer arrested in cocaine investigation

January 27, 2025

Next to raise prices to help pay for rising wage costs

January 7, 2025

World Cup 2022: TikTok brings football fever to millions of fans

0

UK economy will get worse before it gets better, warns chancellor

0

One of Central America’s most active volcanoes erupts again

0

Tech Life – ChatGPT prompt generates disturbing images

June 17, 2026

Murdered Preston Davey's biological dad tells of anguish at vigil

June 16, 2026

Struggling Pizza Hut chain to be sold for $2.7bn

June 16, 2026

Categories

Tech

Tech Life – ChatGPT prompt generates disturbing images

June 17, 2026
0

Available for over a yearA group of cybersecurity researchers found a prompt which gets past ChatGPT’s guardrails and causes...

Read more

Murdered Preston Davey's biological dad tells of anguish at vigil

June 16, 2026
News

© 2023 GODJ - NEWS CORP - news.godj.com.

Explore NEWS.GODJ.COM

  • Home
  • News
  • Sports
  • Worklife
  • Travel
  • Reel
  • Future
  • More

Follow Us

  • Home Main
  • Video
  • World
  • Top News
  • Business
  • Sport
  • Tech
  • UK
  • In Pictures
  • Health
  • Reality Check
  • Science
  • Entertainment & Arts
  • Login

© 2023 GODJ - NEWS CORP - news.godj.com.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.