China's Small Workshops Are Hurting. Trump's Tariffs Are Only One Reason.The U.S.-Chinese cease-fire left exporters with crippling tariffs, worsening a slowdown for light-industry factories caused by China's shift to advanced manufacturing.
Source: China's Small Workshops Are Hurting. Trump's Tariffs Are Only One Reason. (https://www.nytimes.com/2025/07/31/business/guangzhou-china-factories-tariffs.html)