Rural Radio Network on Nostr: China’s been trying to ‘Trump-proof’ its economy amid his tariff threats, ...
China’s been trying to ‘Trump-proof’ its economy amid his tariff threats, experts say
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Key U.S. trading partners are now better equipped to handle President-elect Donald Trump’s tariff threats than during his first term; China has reduced reliance on U.S. trade, with exports to the U.S. falling 20% to $427 billion in 2023; Trump announced plans for a 10% additional tariff on Chinese imports and a 25% tariff on products from Canada and Mexico; American markets are mixed in response; China has diversified exports to Europe and Latin America and increased manufacturing investments in Southeast Asia; Trump’s tariff threats include a potential 60% tariff on Chinese imports; Beijing rebuffed Trump’s claims regarding fentanyl flow, emphasizing cooperation; Experts suggest China may leverage American businesses like Tesla to influence U.S. policy.
#China #Trump #Tariffs #Economy #Trade #Fentanyl #Exports #Investments #Diplomacy #Biden
https://ruralradio.com/kbear/abc_news/chinas-been-trying-to-trumpproof-its-economy-amid-his-tariff-threats-experts-say-abcid6c8eff10/
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Key U.S. trading partners are now better equipped to handle President-elect Donald Trump’s tariff threats than during his first term; China has reduced reliance on U.S. trade, with exports to the U.S. falling 20% to $427 billion in 2023; Trump announced plans for a 10% additional tariff on Chinese imports and a 25% tariff on products from Canada and Mexico; American markets are mixed in response; China has diversified exports to Europe and Latin America and increased manufacturing investments in Southeast Asia; Trump’s tariff threats include a potential 60% tariff on Chinese imports; Beijing rebuffed Trump’s claims regarding fentanyl flow, emphasizing cooperation; Experts suggest China may leverage American businesses like Tesla to influence U.S. policy.
#China #Trump #Tariffs #Economy #Trade #Fentanyl #Exports #Investments #Diplomacy #Biden
https://ruralradio.com/kbear/abc_news/chinas-been-trying-to-trumpproof-its-economy-amid-his-tariff-threats-experts-say-abcid6c8eff10/