FACTORIES in China have begun slowing production and laying off workers as the trade war dries up demand, reports London's Financial Times.
With chinese goods now facing US duties of 145 per cent, some factory owners say American customers have cancelled or suspended orders, forcing them to cut production.
About 15 per cent of all Chinese exports last year went to the US. In interviews with the FT and via dozens of social media posts, workers shared pictures of quiet production lines or factory suspension notices, highlighting how the tariffs are starting to bite.
Workers said the trade war had prompted the suspension of production for a week or more at plants making products ranging from shoe soles to jeans, electrical outlets and portable stoves. Some factory owners said they were cutting overtime or weekend work.
SeaNews Turkey
With chinese goods now facing US duties of 145 per cent, some factory owners say American customers have cancelled or suspended orders, forcing them to cut production.
About 15 per cent of all Chinese exports last year went to the US. In interviews with the FT and via dozens of social media posts, workers shared pictures of quiet production lines or factory suspension notices, highlighting how the tariffs are starting to bite.
Workers said the trade war had prompted the suspension of production for a week or more at plants making products ranging from shoe soles to jeans, electrical outlets and portable stoves. Some factory owners said they were cutting overtime or weekend work.
SeaNews Turkey
