Factories Shut Down, Jobs Vanish: China’s Tariff War Nightmare

I must repeat to you that it is called a tariff war. This is a war. What is the essence of war? All ordinary people will definitely suffer. No matter who wins or loses, you are the price. You are the price at all costs. That's probably what it means. Do you understand? Ordinary people are like this. Oh, now it's troublesome. Now it's troublesome. Hit by this tariff war, the factory has no mood at all. You see a lot of goods piled up here, all stopped. Not only can they not be sold in the United States, but also in other countries. Now they can only be sold in our own country. Look, especially these leftover scraps can't be sold. What can we do? There is no way. Look at the containers on the dock, piled up like a mountain, without a single car. Is there any impact on your industry under the trade war? It's over. It's over. There's nothing to do. This year's foreign trade factories are in a very difficult situation. They're on holiday starting today. It's said that there are no orders now. I asked the leader, and he said it'll take at least three months. What should I do? Do I have to eat dirt for these three months? There are old people above and young people below. The current situation is that all the goods for the United States can't be shipped out. All have stopped. All the finished goods are waiting there, waiting for customers to notify them to ship. There's no impact on other countries. Just now, the suppliers, the suppliers of raw materials, have all notified that the North American wood materials have all increased in price. You said that the domestic market was already very crowded last year, and this year there's still such a thing. The biggest loser of tariffs is probably Dongguan, the world's factory. There are more than 14,000 companies of some scale here, 60% of which are engaged in foreign trade exports. Now, orders have plummeted, and life is not easy. A few days ago, I visited an old customer of a Taiwanese company. The Qingming Festival was originally only a one-day holiday, but now it has been extended to five days. What is the most fatal thing? In order to survive, these big factories have to turn to domestic sales to compete with some small local factories for the market. The entire industry has become more competitive now, and it is the kind of competition that is deadly. Although I also support the country's countermeasures, when I see someone shouting on the internet that he will do it at all costs, I can't help but want to say a few words to him. Stop shouting, you may be the price. The Sino-US tariff war has had a huge impact on China's manufacturing industry. Many factories have lost orders, their products are unsaleable, and they have announced shutdowns. Workers have returned home one after another, and traders or cross-border e-commerce companies are also facing a survival crisis. Ma Linhai, chairman of a clothing company in Shenzhen, directly announced at the port that exports would be converted to domestic sales, and he would sell goods live and sell them at a 20% discount to clear the inventory. Later today, everyone said that if they didn't go live, they might not have a chance tomorrow. The export situation is bad. We may have to stop broadcasting at any time. A container can hold more than 30,000 pieces of clothing. We now have a lot of this product in the entire container. If we ship it out, it will also be a loss. So now, we also want to make a decisive decision and clear it out directly. The sky has fallen for those who work in foreign trade. Employees are forced to take holidays. The people at the bottom of society are still affected. All the physical stores there are closed, and they can't get by. I have a batch of linen pants. If you don't mind, take them and wear them. The quality is very good. They are all foreign trade orders from big brands in various places. In just three days, all of them were sold at low double-digit prices. A large number of videos on the internet show that Chinese companies and workers are in great distress. Factories are facing bankruptcy, and workers are forced to go home unemployed. Some netizens who work in factories said that they felt the financial crisis had really come. All orders in the factory were cancelled and shifts were implemented. If this continues, they will have to drink the north wind. The sky is about to fall, brothers. It is said that after May, most of the factories will have a long holiday. Is this news reliable? Is there anyone who knows about it? It seems that many employees have been interviewed by the person in charge and told that they will be fired at the end of this month. This year, each factory is more annoyed than the other. Does your factory have any orders this year? This year, the factories that are hiring people have arranged more holidays than in previous years. Whether it is true or not, we will see on May 1st. There are quite a lot of people running away today. We called three cars and couldn't fit them all. My God, it's too difficult. Did you see that? They called online taxis and ran away. Those of you who have jobs should work hard and not run around everywhere. Did you see that? They called three cars and ran away. Brothers, if you are over 50, don't go out. Really, don't go out. Look at how many people came to the factory today. Today, the carton factory needed 20 people, but almost 100 came. Brothers, you can see that this is the situation in Guangdong. So, older workers should not go out. The economic environment is really not good now. If you are too old, I really suggest you find a job in your hometown and don't come out for nothing. Brother Tang is telling you the truth here. I don't want you to waste car fares and time. Do you understand? You may not believe the current situation in Foshan. Large-scale companies are laying off employees and cutting salaries. Small-scale companies, especially clothing processing factories, are having an even harder time. Many companies have not even paid last month's wages. Many shops on the roadside have signs saying, For rent and transfer. There are very few people who can really make money in Foshan now. For example, many ordinary office workers rely on loans to make a living. They can't earn much and have to face repayment pressure every month, Especially for those who bought houses in high-priced areas in the past few years, it is even more difficult. They work hard just to pay off the mortgage. A woman who has been cooperating with domestic freight companies for a long time revealed to overseas Chinese media that, according to her understanding, many factories can no longer get orders because foreign capital no longer gives them work. If this continues for a long time, it is estimated that the domestic situation will become very difficult, and people will have no jobs. Now, we can only take one step at a time. If tariffs can be reduced, the price of sea freight will probably fall immediately. If it continues to rise, then small freight companies may find it difficult to survive. She said, It is not easy for the elderly in China. Many people rely on freight to support their families. If they really can't continue, they will face unemployment and difficulty finding a job. I hope the situation will get better. This is difficult. There is nothing to do in Guangzhou. There is nothing to do. Many people are going back to Xiangzhong and Da by bus every day, and they are all getting ready to return to farming. Go home. Now more and more people are going home. There are many people waiting for the bus home at Xiangzhong bus station. Since the unit price for making clothes in Guangzhou is particularly low this year, many people now choose to return home and start a business. Let me tell you something heartbreaking. 70% of bosses in Shenzhen can't even pay their employees. Big companies are cutting salaries and laying off staff, while small ones are barely surviving. Office tenants change monthly. I deal with many bosses and most are drowning in loans. They're in debt just to keep their companies alive. If even the bosses are struggling like this, how can the employees be doing any better? Can your salary still be paid on time? I feel like I can't hold on anymore. I've been sitting here for a long time thinking. My two kids' tuition, their food and clothes, the whole family's expenses. My husband has no income and still asks me for money. I'm still learning a new skill, so I have no income either. He even has two insurances to pay. Life feels so hard. I don't know what to do. As a kid, I told my mom I'd grow up and buy her nice things. She smiled and said, Do you think making money is easy? I didn't believe her then. But now I know. It's really not easy. Where does all the money go? I don't know how long I can last. A woman in foreign trade said unemployment is already over 30 to 40 percent. Tariffs are making things worse. Foreign trade workers have better skills than those in domestic sales. But now they're all competing for the same few jobs. It's just too hard.