China Council for the Promotion of International Trade: Nearly 50% of foreign trade companies say they will reduce business with the United States.

Today, at the news conference held by the China Council for the Promotion of International Trade, reporters learned that in order to gain a deeper understanding of the impact of the tariffs imposed by the United States and Canada on the majority of foreign trade enterprises, targeted trade promotion services are being provided to enterprises. Recently, China Council for the Promotion of International Trade conducted a questionnaire survey for more than 1,100 foreign trade enterprises nationwide, and announced the results of the survey at today's press conference. The survey results show that nearly 50% of foreign trade enterprises indicated that they will reduce their business with the United States, while 75.3% of enterprises plan to expand into emerging markets to compensate for the decrease in their exports to the United States. The surveyed enterprises generally expressed that the frequent changes in tariff policies have greatly increased uncertainty, making it difficult for enterprises to make long-term plans. However, with the support of the government's comprehensive support policies for stabilizing foreign trade, the majority of foreign trade enterprises are actively seeking solutions, exploring opportunities to find alternative incremental markets, expanding domestic sales markets, and strengthening supply chain resilience. Zhao Ping, spokesperson for the China Council for the Promotion of International Trade, stated that the council will further accelerate the approval process for enterprises to participate in exhibitions abroad. As of now, 1235 exhibition projects planned for 2025 have been approved, and nearly ten thousand pieces of trade information have been released on the Trade Enterprise Platform to help enterprises understand changes in overseas markets and identify business opportunities in a timely manner.