At China's largest trade fair, exporters say US markets are 'frozen'

"It's a matter of life and death because 60-70% of our business is with American clients," said Li, marketing manager of
Li was at her firm's booth at the Canton Fair,
This was the first such fair
Most exporters Reuters spoke with said U.S. orders, which for firms like Li's are vital, have either been delayed or stopped coming - a bad sign for the world's second-largest economy, whose growth last year relied heavily on running a trillion-dollar trade surplus.
No other country comes close to matching
And while Trump's tariffs on the rest of the world are much lower, they are likely to curb global demand in coming months - and implicitly, the appetite for Chinese goods in other countries.
U.S. customers and distributors haven't cancelled orders, he said. "They have asked us to hold on. We are holding on."
U.S. importer Levy Spence, president of Air Esscentials, was browsing for the scented products on offer at the fair, but had no particular plan for purchases, because "every day I wake up, I feel like it's a different tariff."
"Prices are going to go up," he said. "Even for the stuff that we source in
Organisers said about 170,000 overseas buyers had registered as of
The fair takes place
DIVERSIFICATION
Many exporters said they have been either diversifying their production bases outside
Apexto undertook a study last year to see if it can shift production to
Trump, on
Sales manager
Zealot got a big and unexpected break in 2015, when an all-in-one speaker, power bank and emergency flashlight became a hit in
"We are as big as JBL" in
Li, from the medical devices maker, said her firm cannot find new markets overnight. She fears Conmo will soon have to cut working hours, and eventually, staffing levels.
"I worry that if the situation remains deadlocked, and neither side gives in, the ones who will ultimately suffer are the ordinary people," said Li.
"How will their salaries be paid? There will be unemployment."
(Additional reporting by
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