As the US-China trade war escalated rapidly, Chinese foreign trade businesses were caught off guard. The US imposed tariffs as high as 145% on Chinese goods, leading to the cancellation of numerous export orders. Containers were left stranded at ports, and company inventories piled up. At the same time, China’s domestic market remained sluggish, unable to absorb the flood of goods that businesses attempted to “redirect” from export to domestic sales. In this crisis, many foreign trade companies were forced to liquidate their inventory in drastic ways.
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