China’s Defiant Decoupling: A Post-Trump World Order?
Despite significant US tariffs on Chinese goods, including toys, Chinese businesses in Yiwu, a major export hub, report a decreased reliance on the American market. Exporters are actively diversifying, finding new customers in South America and the Middle East, confident in their ability to find alternative markets. This shift reflects a broader defiance towards US trade policies, evidenced by both business practices and state media commentary. While US businesses face potential supply chain disruptions and price increases, China’s economic growth, although impacted by the trade war, is expected to continue.
John Q. Hosedrinker