4.1 • 5.3K Ratings
🗓️ 17 May 2025
⏱️ 14 minutes
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0:00.0 | Imagine a cluster of buildings the size of 100 football fields. |
0:05.0 | Now imagine more than 20,000 businesses inside, hawking their wares to another 200,000 |
0:13.0 | potential customers. |
0:17.0 | This is the Canton Fair in the southern Chinese city of Guangzhou, the biggest trade show in the world. |
0:23.4 | If it's made in China, you can get it there. |
0:25.2 | Hair dryers, headphones, hard hats, tools, tractors, yarn, electric wires, everything. |
0:31.9 | And this is John Rewich, correspondent who covers China for NPR. |
0:35.8 | One booth we went to had this sound, and we went and checked it out, |
0:42.1 | and it's these electric, like they look like tennis rackets, they're electric bug zappers. |
0:46.7 | John has been to the canton fair numerous times over the decades he has covered China, |
0:50.8 | but this year, it was different. |
0:52.9 | I've sometimes had difficulty getting people |
0:55.3 | to open up, and this time everybody was willing to talk pretty much. It was mid-April, about a week |
1:00.5 | after President Trump's so-called Liberation Day, when he put tariffs on just about every country |
1:05.4 | on earth, with China receiving the highest tariffs by far. It was a seismic shock to many people at the |
1:12.2 | Canton Fair, including Stephen John, sales manager for a mini oven manufacturer. |
1:19.8 | And he told me at the time that 90% of his business comes from the U.S. |
1:23.5 | And so after the tariffs were jacked up to 145%, they shut down. They had an executive meeting |
1:30.5 | and then basically told all the workers, I think he said they have 100 workers or something like |
1:34.4 | that, to go home, their pay would be cut. And they moved into a wait-in-see mode. |
1:39.6 | That uncertainty would continue for about a month until earlier this week when the U.S. |
1:43.8 | and China reached |
... |
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