A technician adjusts an industrial robot as it stands on the production line of Guangdong Shiyi Furniture in Foshan, China. Exporters in Guangdong are hoping that the Chinese yuan may be devalued in order to help them deal with higher tariffs. Photo: Bloomberg

China exporters praying weaker yuan will save them from Donald Trump’s higher trade war tariffs

  • For growing number of Chinese exporters, US tariff rates have reached their breaking point, meaning they expect to lose access to the American market
  • Exporters in China’s manufacturing heartlands also express growing annoyance at US government and buyers, vowing to find new markets
Topic |   Yuan

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A technician adjusts an industrial robot as it stands on the production line of Guangdong Shiyi Furniture in Foshan, China. Exporters in Guangdong are hoping that the Chinese yuan may be devalued in order to help them deal with higher tariffs. Photo: Bloomberg
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