How should the foreign trade companies do in 2025
First, tariff adjustments affect the entry of Chinese products into the US market.
The long-term and frequent trade wars between the United States and China have undoubtedly seriously affected the normal market trade rules between the two countries. This year, Trump has publicly stated on many occasions that if he is elected as the US president, he will immediately impose higher tariffs on Chinese goods. Although the US Congress is the main department that determines tariffs, the US president can still use his privileges to impose tariffs. For example, on the grounds of “threat to national security” and “Section 301”.
If Trump’s more radical “tariff” proposition is implemented, that is, at least 60% tariffs will be imposed on Chinese imports, and 10% or 20% comprehensive tariffs will be imposed on all imported goods, the China Civil Bank expects that my country’s exports will decline by 3%.
Second, promote the return of manufacturing
In 2023, Trump proposed “returning manufacturing to the United States” on his campaign website. Since the Obama administration, the return of manufacturing has become the focus of each US government. This is not a single corporate behavior, and will cause a large number of suppliers to turn to countries such as Vietnam and India. At the same time, the United States has been at the high end of the industrial chain for a long time, and its core manufacturing technology will be strictly protected. This is not conducive to the stable development of my country’s manufacturing industry and accelerates the direct competition between China and the United States in the international arena.
The third is to launch an international public opinion offensive to restrict the global circulation of Chinese goods. From widely publicizing China’s “forced labor” and banning the use of Chinese products to continuously hyping up China’s “overcapacity”, the United States has been constantly smearing China in the international community and distorting China’s industrial development policies. In this way, multinational companies are forced to ban some Chinese products and restrict the circulation of Chinese products with strong international competitiveness in the global market. The United States has a great influence in the international community. Its president’s “anti-China” remarks will have many unfavorable factors for China, and Sino-US relations will become more complicated.
Fourth, arbitrarily tampering with trade rules
Trump often withdraws from international organizations and takes the lead in establishing new organizations that are in line with his own interests. And ignoring the mature and reasonable rules system of international trade, it seriously undermines the global free trade system. If Trump is re-elected as president, he will be tougher on issues involving international economy and trade based on the purpose of making the United States “return to a major manufacturing country”. Any country may be affected.
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