The trillion-dollar shock: What tariff? How Xi Jinping beat Trump in trade war
Despite nearly a decade of US tariffs, China's trade surplus has surged to a record $1.08 trillion, demonstrating its resilience and dominance in global exports. China has successfully restructured its supply chains, rerouted exports to emerging markets, and leveraged currency advantages to bypass tariff barriers, outmaneuvering US trade war strategies.
Despite nearly a decade of US tariffs, China's trade surplus has surged to a record $1.08 trillion, demonstrating its resilience and dominance in global exports. China has successfully restructured its supply chains, rerouted exports to emerging markets, and leveraged currency advantages to bypass tariff barriers, outmaneuvering US trade war strategies.
