Chinese Traders Face Collapse: US to End Permanent Trade Status, China Cancels Export Tax Refunds

The news worsened Xi Jinping’s already precarious position, with commentators suggesting Trump was preparing to strike hard against China.
By November 15, China implemented emergency measures, targeting domestic exporters. The government abruptly canceled tax rebates for several export products, including aluminum, copper, and chemically modified oils, and reduced rebates on others, like photovoltaic cells and refined oil products.
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