For many vendors, the measures have already cost them customers, slashed their profits and forced them to pivot to other markets. When CNN visited the market earlier this week, many voiced both concern and bewilderment at Trump’s actions, but also desire for a peaceful resolution as they pick up the pieces of their disrupted businesses.

“Some of our long-term clients have stopped dealing with us and we are all very sad,” said Ran Hongyan, 43, who has been selling Christmas decorations for 15 years.

After the tariffs hit, she tried offering her American customers a discount to save the relationship, but it didn’t work. Eight out of ten canceled their contracts this year, representing a loss of more than $135,000, she said.

The second-biggest exporter of Christmas decorations to the US is Cambodia, where factory wages are even lower than China, but Trump also imposed 49% tariffs on the small Southeast Asian nation, before the recent 90-day pause.

The city of Yiwu is relatively small by Chinese standards, home to fewer than two million people, but it has an outsized footprint in global trade. Last year, it sent $81 billion of goods overseas, of which about $11.5 billion went to the US, according to local customs data.

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