“We won’t do business in North America,” said Tang Yuxiang, chairman of Zhengzhou Yutong Bus Co. “China and the U.S. don’t have a very good relationship. We would like to go to the markets that are friendly to China.”
Thousands of small- and medium-sized factories in China, makers of clothes, toys and household goods that fuel the $462.8 billion annual flow of exports to the U.S., aren’t cash-rich, making it harder for them to take the proposed tariff punch.