An article from the Times is detailing how China is flooding the rest of the world with goods in the face of US tariffs. Sucks to be a factory worker outside of China right now.
"In Germany, where shipments of Chinese goods last month rose 20 percent from a year earlier, companies have expressed concerns to Mr. Wu, the economist from Commerzbank. Carmakers feel it most acutely.
China has made 45 percent more electric vehicles this year, even as Chinese companies are engaged in a vicious price war at home because of flagging consumer appetite. Exports of electric vehicles have soared 64.6 percent this year, according to the Chinese Association of Automobile Manufacturers.
Countries that have borne the brunt of the jump in Chinese imports have also seen sharp declines in their own manufacturing, leading to job losses and bankruptcies.
In Indonesia, garment factories are closing, citing their inability to compete with cheaper clothes from China. Some 250,000 people lost their jobs in the garment industry in 2023 and 2024, said Redma Gita Wirawasta, the chairman of the Indonesian Filament Yarn and Fiber Producers Association. Thai auto parts manufacturers have shut down because of Chinese electric vehicles. Brazilian carmakers have called on the government to initiate an antidumping probe into Chinese cars sold in the country."