U.S. tariffs on Chinese imports, which reached 145% in April, had prompted waves of American buyers to suspend or delay their orders from these Chinese manufacturers who rely on the U.S. for over 20% of its trade.
The new tariff truce between the United States and China may have helped kickstart the resumption of trade between the two countries, but some manufacturers of Halloween decorations in the eastern Chinese city of Yiwu are feeling ghosted. Customers are also weighing the cost of the new 30% tariff rate and though he was expecting orders to be placed, Lou said they won't be able to produce the more complex, made-to-order products in time for the spooky season.
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