WATCH THE VIDEO HERE Product manufacturers in China have turned their attention to Nigeria and other emerging markets following the imposition of trade tariffs on their products by the US President, Donald Trump. Trump, on April 2, slapped a 46% tariff on Vietnam and a 17% levy on the Philippines before paring those back to 10% for the next three months as he begins bilateral negotiations on trade with about 75 different countries. Manufacturers say that after Washington raised tariffs on Chinese goods by 145%, U.S. orders for products have vanished. “It’s a matter of life and death because 60-70% of our business is with American clients,” marketing manager of Conmo Electronic Co, Candice Li SAID in a survey obtained by Channels Television on Tuesday, adding,g “Goods cannot be exported and money cannot be collected. This is very severe.”
China turns to Nigeria, other emerging economies as US markets freeze
