In the engine room of China’s economy Trump’s tariffs are already beginning to bite

If China is known as the world's factory, then the province of Guangdong is the engine room. It is here, in the thousands of factories that dominate city suburbs where many of your consumer goods likely started their life, and it is here where Donald Trump’s tariffs are hitting first. China has arguably been the top target in the US president’s trade war. Not only was it subject to a suite of measures during his first term, but this time round it is the only country that has had no carve-outs, no delays and tariffs are levied on 100% of…