Recently, Liao Zhiquan, Deputy Director of our International Business Department, had the honor to participate in the Canton Fair's legal consultation service for foreign-related matters and the Guangzhou arbitration consultation work, and was interviewed by the media during the Q&A session. Liao Zhiquan expressed his views on the impact of the US tariff policy on China. He said that it was a great honor to help clients solve many problems in the complex international economic and trade situation through legal means, and he also witnessed the perseverance and wisdom of Chinese foreign trade enterprises in difficult situations.
The adjustment of the US tariff policy has undoubtedly brought many challenges to Chinese foreign trade enterprises. Rising costs, squeezed profits, and intensified competition weigh heavily on the minds of these enterprises. However, challenges and opportunities often go hand in hand. Amidst this tariff storm, many enterprises have taken proactive measures, using the law as a shield and strategies as a spear, to forge paths out of the predicament.
Facing tariff pressures, a certain electronics enterprise did not choose to wait passively. Our international business team conducted an in-depth analysis of relevant U.S. laws and regulations, precisely exploring exemption clauses and trade remedy avenues. The enterprise responded swiftly, decisively adjusting its production layout and supply chain strategy, relocating some production capacity to regions with lower tariffs, while strengthening localized marketing and deeply integrating into the target market. Ultimately, the enterprise not only maintained its old customers but also successfully explored new markets, with order volume rising against the trend, achieving a magnificent turnaround in adversity.
The Canton Fair, as an international economic and trade event, has witnessed the vigorous development and tenacious vitality of China's foreign trade enterprises. Under the protection of the law, we have reason to believe that China's foreign trade enterprises will surely break through tariff barriers, shine even brighter on the global economic and trade stage, and write a new chapter of win-win cooperation!
