Economics
China’s Factory Bosses Are Wary of U.S. Market Despite Biden Win
- Exporters in China don’t expect tariffs to ease in near term
- Some are looking to build their markets outside of U.S.
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China’s manufacturers are worried the U.S. under Joe Biden will remain hostile toward the nation, underscoring the deep mistrust that’s taken root since Donald Trump took office.
U.S. tariffs on billions of dollars worth of Chinese goods will be retained, as will strict restrictions on technology and investment. That’s the emerging view of Chinese factory bosses interviewed by Bloomberg News in the days since the U.S. presidential election.