Trump's sharp tariff hikes could speed up China's shift to new markets and offshore factories
- Chinese exporters are reducing reliance on the U.S. Market as tensions with Washington grow, with U.S. Imports from China dropping from 19% in 2018 to 15% in 2023.
- President-Elect Donald Trump plans to sharply raise tariffs on Chinese imports, potentially impacting light manufacturing, textiles, steel, and computers.
- Tu Xinquan states that a 60% tariff would severely impact Chinese exports to the U.S., forcing price increases or reducing profit margins for exporters.
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Total News Sources0
Leaning Left26Leaning Right13Center20Last UpdatedBias Distribution44% Left
Bias Distribution
- 44% of the sources lean Left
44% Left
L 44%
C 34%
R 22%
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