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Why the US-China tariff deal may be too little, too late for millions of struggling Chinese workers

Malay Mail LogoMalay Mail7h ago

Why the US-China tariff deal may be too little, too late for millions of struggling Chinese workers - Malay Mail

Quick Summary:

BEIJING, May 17 — Chinese worker Liu Shengzun lost two jobs in just one month as US import tariffs shot up to triple dig...

Before the meeting in Switzerland, Beijing had grown increasingly alarmed about internal signals that Chinese firms were struggling to avoid bankruptcies, including in labour-intensive industries such as furniture and toys, Reuters reported last week.

Current tariff levels could trigger 4 to 6 million layoffs, while if tariffs drop by a further 20 per cent some 1.5 to 2.5 million jobs could be lost, she said.

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-17 @ 07:00:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 891 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 28754020

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About Malay Mail

Malay Mail Logo

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 5 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 18 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #106

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