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As US tariffs bite, China helps its exporters pivot to a new market – China


China is planning to roll out measures to help foreign trade firms expand into the domestic market, as it seeks to offset the impact of an intensifying trade war with the United States.

The Ministry of Commerce is currently exploring the most effective ways to help exporters pivot to the domestic market, with minister Wang Wentao visiting a textile trading company in Shanghai over the weekend, according to Yuyuan Tantian, a social media account affiliated with state broadcaster CCTV.

For China’s exporters, switching to selling domestically brings a host of challenges, including adapting to different consumer preferences, payment systems and regulatory regimes.

“Integrating domestic and foreign trade and supporting export firms in expanding their local sales will be a long-term strategy, rather than a temporary response to external shocks,” the Yuyuan Tantian report said.

The move comes amid a barrage of tariff hikes by US President Donald Trump, with Washington raising duties on all Chinese goods by 20 per cent and reportedly preparing to roll out a broader reciprocal tariff regime next month.
Beijing has retaliated by slapping tariffs on a range of US products, as well as tightening export curbs on several critical minerals. But the trade war is already being felt across the Chinese economy.

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