Sputnik International Additional tariffs on Chinese goods at 104% will remain in place “until they make a deal with us,” US President Donald Trump said at the NRCC Dinner on Tuesday evening.
China could pull off a swift “recalibration” of its overseas trade in response to Donald Trump’s tariff war, Paul Goncharoff, veteran financial analyst and research director at RPA (Russia Pivot to Asia) company, told Sputnik.
Why Washington Should Be Worried
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China-BRICS trade is now worth over $1 trillion
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China has been diversifying its export markets, with exports to the ASEAN group of nations surging by 12% last year
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China’s Belt and Road Initiative was designed to secure multiple supply chains – many of those are now operational and never extended into the US.
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If China boosts its exports to non-US markets by 8.5% annually, it could offset its entire exposure to American export volume within just two years, Goncharoff explained.
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