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Escalating tariffs between the US and China, reaching 145% on Chinese goods and 125% on US goods in retaliation, are severely impacting businesses. Exporters like Zou Guoqing are halting shipments, fearing economic collapse. Experts warn of potential decoupling between the two economies if tariffs persist. While the Trump administration excluded some electronics from tariffs, China sees no market acceptance for US goods at current rates. Businesses are diversifying, seeking alternative markets, while some, like a Tianjin steel company, have already abandoned US trade. Despite the challenges, some remain optimistic about the US market's reliability.

Prepared by Christopher Adams and reviewed by editorial team.