How the End of US & China Trade War Could Increase Sourcing Possibilities

Posted by China Sourcing Agent on April 4th, 2019

The US government imposed tariffs of more than 0 billion on Chinese products last year. But this year, positive signs are visible as US and China push to strike a trade deal. It is believed that the two countries may be nearing an agreement, as they look for a way out of last year’s punishing trade war.

The US importers who are involving in sourcing products from China could hope for the promising sourcing opportunities because of the trade settlement. The cost differential between manufacturing domestically and manufacturing in China is significant. Domestic manufacturers have a higher overhead with steep training costs and high turnover. Hiring Chinese sourcing agent is also significantly cheaper than other markets. Foreign companies can purchase goods from this country and offer them to their home market at a moderate price thus ensuring a good ROI.

China’s affordability makes overseas manufacturing ideal for the common business. The concentration of knowledge, skills, equipment and suppliers that are the key to innovative manufacturing are present in China. No matter if you want to import a large chunk of products or a small number of goods, you are surely going to find a reliable, dependable and friendly community of Chinese sourcing agents.

The most important part of sourcing products from China is to start early and build your first China supplier list. You need to be aggressive and have to take important decisions promptly. There is no room for delayed reaction if you want to succeed. Plan rightly to find the most promising China manufacturing partner, finalizing the product design and proceed with the manufacturing process.

It is a good approach for the American companies to form a long term relationship with the Chinese counterparts by meeting them in person. It is especially helpful if you are willing to work with them for developing a custom product. Arranging a face to face meeting with them will certainly solidify the business relationship.