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Are Trump's tariffs just punishing China for being good at what it does?

Are Trump's tariffs just punishing China for being good at what it does?

CBSN
Friday, May 02, 2025 02:06:40 PM UTC

Guangzhou, China — The annual Canton Fair in Guangzhou is China's largest import-export trade show. It covers a space equal to about 200 football fields and has been running since 1957 — when China's economy was isolated from the rest of the world. The country's leaders decided the expo, since formally named the China Import and Export Fair, was the best way to overcome trade obstacles imposed by the West and to drum up business investment and interest from overseas markets.

In the almost seven decades since, China has transformed into the world's manufacturing powerhouse. But President Xi Jinping's government believes the U.S. is once again working to isolate China, through President Trump's tariff trade war, and that Washington will try to force other countries — and their consumers — to pick a side.

Richard Qiu told CBS News it's simply unfair. Wearing a pale blue Ralph Lauren shirt, the businessman invited CBS News to sit down in his display booth at the Canton Fair for a chat. Surrounded by thousands of small fabric gift bags designed for everything from Christmas to Easter to birthdays, the fact that Qiu even quickly agreed to an interview was disarming; Every other Chinese businessperson we approached turned our camera away, wary of speaking with foreign media.

Read full story on CBSN
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