China has set a new record for its exports in 2023, reaching $540 billion despite higher US tariffs that were introduced earlier this year. The surge in shipments was driven by the need to get goods out of the country before any further tariff increases took effect. This move suggests that China is taking proactive steps to mitigate the impact of the ongoing trade tensions between the two nations. As a result, supply chains and global trade dynamics have been affected, with implications for industries that rely heavily on Chinese exports.
Source: https://www.bloomberg.com/news/articles/2025-03-07/china-had-record-540-billion-of-exports-in-rush-to-beat-tariffs