fromBusiness Insider
2 days agoWhy China's export machine keeps humming, despite the US's tariff squeeze
Fortunately for Chinese exporters, external demand from other economies has helped offset much of the drag from the US,\\" wrote Lynn Song, ING's chief economist for Greater China, in a Wednesday note. China’s shipments to the US plunged nearly 35% from a year ago following Trump's "Liberation Day" tariff announcements. But China's export machine still grew about 5% in the same month because its fast-growing trade started to flow elsewhere.
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