China economy

China's booming ‘lingerie capital’ may face trouble if Trump holds true to his US tariff promise

Read more here: https://sc.mp/pacxx 

China’s “lingerie capital” Lianyungang, once a thriving farming community in Jiangsu province, has enjoyed a meteoric rise fuelled by a US tariff exemption known as the "de minimis" rule. However, incoming US president-elect Donald Trump has promised to end the exemption some lawmakers have labelled a “loophole”. Factory owners in Lianyungang have expressed fear their businesses will suffer if he does, considering their main market is in North America.
 

December 18, 2024