Americans started abandoning goods made in China

Many Americans are abandoning goods made in China. According to a study by FTI Consulting, this is the view of 40% of the population.

Another 34% said they were ready to buy a product with the Made in China label, but did not enjoy it. 26% said that the Chinese origin of the goods will not affect their choice in any way.

78% of those surveyed said they were willing to pay more for the goods if they knew that their production had been moved from China to the USA.

The authors of the study point out that the mark “Made in China” more often than others leads to rejection of purchases. Only 12% of respondents refuse to buy goods made in Europe, while 16% refuse to buy goods made in Latin America.

May 8, China and the United States confirmed their readiness to create favorable conditions for the first phase of the trade agreement concluded earlier. Two days earlier, U.S. leader Donald Trump promised to make a statement in one or two weeks’ time whether China is in compliance with the first phase of the trade agreement.

On January 15 Trump and Chinese Deputy Prime Minister Liu He signed the first package of documents under the trade agreement between the two countries.

In particular, the parties agreed that Beijing will purchase $75 billion worth of American industrial goods, $50 billion worth of energy, $40 billion worth of agricultural products and another $35-40 billion worth of services that China will have to spend in the next two years.

On February 6, the Chinese Ministry of Finance announced that it had halved duties on a number of goods imported from the US for a total of $75 billion.

The trade confrontation between China and the US began in July 2018. Then Washington imposed 25% duties on imports of 818 types of Chinese goods for a total of $34 billion a year. Beijing responded by taking mirror measures. Later, the parties introduced new duties.