revolt started against jinping factories closed how trump tariffs created an uproar in china

Donald Trump has launched a tariff war as soon as he stepped into the White House. The US first announced a tremendous tariff on Canada, Mexico and China. But somehow Canada and Mexico persuaded Trump for this. Currently, both countries have been deferred for 30 days. But China’s number has not yet been felt. 10 percent of tariffs on China have started from February 1. Its effect has started appearing within 48 hours. Factors are changing, in many places the public has come down against Xi Jinping. China had introduced itself as the world’s major economic power. But all the claims of the dragon are proving to be hollow from inside. In fact, as soon as Trump’s tariff was taken, export -based economy has received the biggest setback in China. Many big companies are leaving China and are moving to Vietnam, Cambodia and India.

Many people who were working in these factories suddenly became unemployed. In such a situation, the owners of the factory are now asking the Jinping government, what is the solution? China’s economy was completely dependent on exports. But now this model is flopping badly. China’s own companies are now shifting to other countries as they know that Trump’s policy will not change for the next four years. In 2023, China’s GDP growth reached the lowest level of thirty years. But by 2024, the situation worsened. Institutions like IMF, World Bank and Fitch Ratings have reduced the estimate of GDP growth rate by 50 percent. Earlier, GDP growth was expected to go up to 4.5 percent. Now it is likely to go below 2 percent. Meaning China’s economy is on the verge of stopping. China’s real estate sector has already crashed.

The situation in the manufacturing sector is also getting worse. The savings of common people are ending due to low domestic conjunctival. China is a major trade partner for more than 120 countries and America is one of them. In the last two decades, China has steadily reduced the importance of trade in its economy and has increased domestic production. Today, China has only 37% of the GDP in GDP, while it was more than 60% in the early 2000s. 10% tariff will prick a lot. History is a witness that whenever the economy is bad, the anger of the public is seen on the streets. Now all this is happening in China. Factory workers in many cities are protesting against the government.