{"id":70873,"date":"2025-04-09T09:22:10","date_gmt":"2025-04-09T00:22:10","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2025\/apr\/09\/yiwu-market-zj-cn-china-us-trade-war"},"modified":"2025-04-09T09:22:10","modified_gmt":"2025-04-09T00:22:10","slug":"we-will-have-to-raise-prices-gloom-and-resolve-in-yiwu-on-chinas-trade-war-frontline","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=70873","title":{"rendered":"\u2018We will have to raise prices\u2019: gloom and resolve in Yiwu, on China\u2019s trade war frontline"},"content":{"rendered":"<p>At the world\u2019s largest wholesale market, vendors have reduced their exposure to the US but fear the repercussions of a global economic shock<\/p>\n<p>If you have ever bought a Christmas decoration, a button, an electric shaver or any other cheap manufactured product, there is a good chance it came from Yiwu, a city in east China\u2019s Zhejiang province that is home to the world\u2019s largest wholesale market.<\/p>\n<p>Covering more than 4m square metres, tens of thousands of suppliers have booths in Yiwu International Trade City. As the US and China exchange increasingly <a href=\"https:\/\/www.theguardian.com\/world\/2025\/apr\/08\/china-vows-to-fight-to-the-end-against-latest-trump-tariff-threat\">hysterical rhetoric<\/a> and threaten ever-higher tariffs, it is vendors at places like Yiwu who are at the frontline of the new trade war.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2025\/apr\/09\/yiwu-market-zj-cn-china-us-trade-war\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At the world\u2019s largest wholesale market, vendors have reduced their exposure to the US but fear the repercussions of a global economic shockIf you have ever bought a Christmas decoration, a button, an electric shaver or any other cheap manufactured pro&#8230;<\/p>\n","protected":false},"author":4684,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,6,50,557,3280,3279,42],"tags":[],"class_list":["post-70873","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-business","category-china","category-international-trade","category-tariffs","category-trump-tariffs","category-world-news"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/70873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/4684"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70873"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/70873\/revisions"}],"predecessor-version":[{"id":70874,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/70873\/revisions\/70874"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}