China has successfully navigated around US President Donald Trump’s tariffs, which were imposed on Chinese goods last year as part of a trade dispute between the two nations.
In response to the US tariffs, China increased its exports to countries such as India and South Korea, while also diversifying its imports from countries like Vietnam. This move allowed China to minimize its losses and maintain access to key markets.
The strategy has been successful for China, with Beijing reportedly experiencing a significant increase in foreign exchange reserves. Meanwhile, the US tariffs have had little impact on Chinese exports, with many companies continuing to operate as usual despite the new restrictions.
The trade dispute between China and the US is ongoing, but China’s maneuvering around Trump’s tariffs demonstrates its ability to adapt to changing circumstances and maintain its economic influence.
Source: https://www.ft.com/content/38997f3b-d1f1-46dd-a173-c19b63304f12