💨 Abstract

The US-China trade war is causing disruptions in key Chinese trade hubs, such as Shanghai and Guangdong. Cargo traffic to the US has significantly decreased, with almost no cargo ships heading to the US from these ports. Factories in export-reliant provinces have halted operations, leaving warehouses filled with unused products. In response to increased US tariffs, China has raised its own tariffs on US imports.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖