Chinese Exporters May Lose Out In US Election

Chinese exporters can perhaps be forgiven for having more than a passing interest in the outcome of the US election, where the race between former President Donald Trump and Vice-President Kamala Harris looks set to go down to the wire.

The result will be confirmed next week, after the majority of voters go the the polls on Tuesday 5th November. According to current polls, it could not be much closer, with Harris polling around 49% and Trump 48%, with bookmakers showing Trump as slight Favourite.

Earlier in his presidential campaign, Trump said that a 60% tariff increase would be imposed for imports from China if he was elected. The US are China's largest trading partner, doing double the trade of any other country, which means the colossal Chinese export market could be significantly impacted.

Whatever the outcome, the incoming president is due to take up office in January. This could mean an increase in tariffs by Chinese New Year if Trump wins the vote and carries through with his previous threats. The former president has also floated the idea of both a 10% and a 20% increase on tariffs from countries worldwide during this campaign.

However, it appears to be China with the most at stake should he win another term in the White House.

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