"U.S. companies are hoarding Chinese products at Trump's 'bombs tariff' notice."

Trump's return to the White House, which has predicted a 60% "tariff bomb" on Chinese imports, has been confirmed, prompting reports of hoarding among U.S. companies importing Chinese goods.

According to the Wall Street Journal (WSJ), some companies in the U.S. are pre-ordering products to sell for months to up to a year in order to pile up inventory as much as possible before Trump takes office.

In fact, Junod, which imports and sells exfoliating gloves from China, said it ordered $50,000 (about 69 million won) worth of products at once, equivalent to a year's worth of inventory.

Earlier in 2018, when the first Trump administration launched a "tariff war" against China, some companies rushed to stock up on Chinese products before the newly introduced high-rate tariffs were implemented.

The WSJ said China's exports to the U.S. began to increase in October, when Trump was said to be likely to win the election, and China's exports increased 13% in October from the same period last year.

It also predicted that if Trump takes office and imposes large-scale tariffs, many companies could eventually raise consumer prices.

Some companies are reportedly busy looking for manufacturing countries to replace China, such as South America, Cambodia and Vietnam.