The e-commerce giant JD.com will set up a fund of 200 billion yuan (23.9 billion euros) to support Chinese exporter: inside in view of the ongoing uncertainty over tariffs.
In a statement to Reuters, the Chinese company announced that it would send its own employees: inside to domestic companies with foreign trade in order to buy their “high -quality products”. These are then presented and sold in a special area of its e-commerce platform, whereby the traffic is led there to support the companies.
The intention of JD.com is to compensate for Chinese exporters: to help to compensate for losses that have arisen from the lower sales of foreign consumers: in his report. In addition, domestic sales should be promoted.
The message comes because the trade war between the USA and China is further intensified. At the beginning of the month, the US government imposed tariffs from 145 percent on most Chinese imports under Trump. Beijing later reacted by 125 percent to US products that are imported to China with its own increase in tariffs.
In addition, President Donald Trump initiated a 90-day “break” in the introduction of tariffs for certain countries, while for other regions, a “goodwill measure” together with a standard custom of ten percent was used.
This article was used with digital tools translated.
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