2023-06-02
The ongoing US-China trade war has created uncertainty for the metalcraft industry, which relies heavily on imported materials from China. Many metalcraft companies have seen an increase in costs due to tariffs, causing some to consider relocating production to other countries. Tariffs on imported metal and steel products have led to increased costs for metalcraft manufacturers. As a result, manufacturers are forced to either absorb these costs or pass them onto consumers, which can lead to decreased sales and profits.Additionally, tariffs have led to a decrease in international trade and cooperation, which can lead to a contraction of the market and increased competition domestically. This can impact the manufacturing and sale of metalcraft products in both the short and long term. Further, trade disputes can result in global instability, which can impact consumer confidence and disrupt supply chains. This can affect the availability of raw materials, increase lead times, and lead to increased production costs. Overall, the uncertainty created by ongoing trade disputes can hurt the metalcraft industry and the broader economy.
2023-07-28
The Canton Fair, also known as China Import and Export Fair, is held in Guangzhou twice a year, in spring and autumn. It is one of the largest and most comprehensive trade fairs in the world, and has been a significant platform for promoting international trade since 1957. Thousands of exhibitors from all over China showcase their products in more than 20,000 booths, covering a wide range of industries including electronics, textiles, furniture, machinery, and food. Hundreds of thousands of buyers from all over the world gather at the fair to source new products and establish business relationships.The Canton Fair includes three phases, each lasting five days, with different product categories featured in each phase. In addition to the product exhibitions, the fair also includes seminars, forums, and business matching sessions to foster communication and cooperation between buyers and suppliers. The fair is known for its robust international presence, with exhibitors and attendees coming from over 200 countries and regions. The Canton Fair is a symbol of China's opening up to the world, and serves as an important platform for promoting economic and trade cooperation between China and the rest of the world.
