90-DAY DETENTE DELAY TO COOL DOWN --- Experts said that High U.S. tariffs were causing China's economy to suffer...
Jul 29, 2025
High general tariffs on Chinese goods were the highest of all the US trading partners, and retaliatory tariffs by China mirrored American moves, though at lower rates.
Top officials and economists believed that China's economy was suffering, as trade with the United States collapsed.
But supply chain managers in the US were stocking Chinese goods in anticipation that the tariffs would eventually ease, which reduced somewhat the negative effects on the American side.
However, it was the Chinese tariffs against American energy and farm products that have demolished exports of US commodities.
Over the past decade, China has diversified itself away from the United States, and trade with the ASEAN countries, South America, the EU, and Africa has boomed.
Trade with those blocs are far more important to China's economy than its losses in US export markets.
Closing scene, Lijiang, Yunnan
Resources and links:
r/infographics,
China's Reliance on Exports to the U.S. Has Declined Since 2007
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