Chinese merchants predict Trump win in 2020 based on orders

Source:Global Times Published: 2018/9/3 21:58:39

Chinese merchants predict Trump win in 2020

Although it's two years until the next US presidential election, manufacturers in Yiwu, East China's Zhejiang Province - one of the world's largest small commodities production hubs - are seeking to forecast the election results as they are now receiving far more orders for Donald Trump's merchandises than his rival in the Democratic Party.

"We have so far received more than 100,000 orders for Trump's flags and 30,000 orders for hats for his 2020 presidential campaign since November… Orders are showing signs of increasing in recent months," Wu Yuepei, a manager at Qiwang Textile Product in Yiwu, told the Global Times on Monday, adding that the factory has not received "any orders for other candidates."

A flag producer in East China's Jiangsu Province who declined to be identified has experienced a similar situation. "I have only received orders for Trump's election items, and I even don't know the names of his competitors. Who are they?" he told the Global Times on Monday.

"It seems the whole industry in China is making Trump-related commodities for his 2020 election," an employee at Wanguo Textile in Zhuji, Zhejiang, told the Global Times Monday.

A manager at Chenggong Flag in the city of Wuxi in Jiangsu surnamed Ma also told the Global Times that exports of flags and other small commodities supporting Trump "have far exceeded that of his rivals," indicating that the current US president is having a higher approval rate in his re-election.

The US Democratic Party is expected to announce its nominee for the 2020 US presidential election in November, according to media reports.

Some merchandisers also told the Global Times that the escalating tariff war that Trump's administration launched against China has led to higher import prices for their US clients.

"US retailers will eventually pay the tariffs imposed on Chinese imports, but it's not going to be too much," Wu said.

In 2016, the producers in Yiwu had also have shipped more Trump flags, banners and hats to the US compared with his rival Hilary Clinton, which gave them the confidence to bet that Trump would win the election as he had a large base of local supporters.

Industry insiders pointed out that the manufacturing orders in China seem to go against Trump's aim of reducing the trade deficit with China and his campaign promise of only "buying American."

"The US is still inseparable from China's manufacturing industry, as such items as Trump's flags and caps have always been shipped to the US from China,"  said Bai Ming, a research fellow at the Chinese Academy of International Trade and Economic Cooperation.

Yiwu has a comprehensive manufacturing chain and can make cost-effective products in a short period of time, while other countries like Vietnam and Cambodia cannot do that, Bai told the Global Times Monday.

"Only China can fulfill such demand from the US and this is irreplaceable," Bai noted.

Experts said that if Trump is re-elected in 2020, the president is less likely to ease his tough trade policy toward China.

Newspaper headline: Chinese merchants predict Trump win in 2020

Posted in: ECONOMY

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