Trump Escalates China Tariffs

This is a China news story, published by BBC, that relates primarily to Trump news.

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steep US tariffs

BBC

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World

Trump tariffs: China is a manufacturing powerhouse- can tariffs change that?

Summary

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72% Informative

China 's trade surplus with the world rose to a record $1tn ( 788bn ) in 2024 , on the back of strong exports ($ 3.5tn ) China has long been the world's factory - it has thrived because of cheap labour and state investment in infrastructure.

The sheer value of China 's exports - which account for a fifth of the country's earnings - means a 20% tariff could weaken demand from overseas and shrink the trade surplus.

Analysts say China must look beyond the US , which is still the top destination for its exports.

But there is also a political opportunity as Trump 's tariffs upend America 's relationship with the world.

China is the third -biggest market for US exports, after Canada and Mexico .

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formal

Language

English

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