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Transcript

00:00:01
>> From high tech to steel mills, businesses across China say they're feeling the heat of a brewing trade war with America, even though right now it's mostly a war of words. Take Beike Biotech in Shenzhen, which specializes in stem cell research. It's just developed a robot to help treat cancer patients.
00:00:19
It would make human lab work like this more efficient. However, the company says it can't count on possible buyers it has in America with the tariffs in play. Robots fall within the scope of a long list of things the US would target if tariffs trigger next month. Now the company's asking its sales team to look elsewhere to make up for a short fall in America and it's not alone.
00:00:40
As Reuters Adam reports, it's just one example of a broad range of companies rushing to prepare for a potential trade war.>> We spoke to a number of really interesting colorful characters all around the country. Up in Huaibei, we spoke to steel pipe makers who spoke about how they'd seen in order to drying up over the last weeks or months as these trade tensions have boiled over.
00:01:02
We spoke to a textile printing company in Ningbo, and what they was that if these tariffs did come into play, what this would mean was that future orders they got from the US, in what's one of their biggest markets would become under a price inspector.>> But buyers still have to get their goods somewhere and some like Huaibei steel pipe, may rely on work arounds to their problem.
00:01:25
>> One of the main ones would be the trans shipments by which they sell the product to a third party middle man. Maybe he lives in a separate country and those rough products are then sold into the US. From that country and thereby avoiding these tariffs that are so set specifically set on exports coming here from China.
00:01:42
>> US tariffs on 1,300 items worth 50 billion dollars may activate in June once a 2-month consultation period runs out. China has threatened to match them with their own measures on major american exports from soy bean to airplanes.