“The sky won’t fall,” the spokesman of China’s customs authority said this week, referring to President Trump’s trade war in China, just as the authority reported an over 12% jump in exports for March. Caixin Global, meanwhile, reported that China’s approach to responding to the tariffs could take the shape of a “new boom in so-called gray trade chains as exporters seek to circumvent tariffs by routing their goods through third countries.” While the boom’s in the making, China keeps responding to every additional tariff announcement with one of its own, the latest figure at 125% on U.S. goods and fresh restrictions on rare earth exports from the world’s biggest processor of those materials. In fact, some analysts expect a slowdown in Chinese exports in the coming months while the dust from the tariffs settles.
Author: Irina Slav
Published at: 2025-04-15 23:00:00
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