It is a problem not for the rest of the world, but for China.
Last year the gdp of only 19 countries exceeded $1trn. That puts the latest news from China’s customs administration into stark context. On December 8th it reported that the country’s net exports of goods in the first 11 months of the year had already exceeded $1trn, more than any previous surplus. Even as America whacked tariffs on China, its enterprising manufacturers have expanded into alternative markets and discovered roundabout routes past America’s trade barriers.
Last year the gdp of only 19 countries exceeded $1trn. That puts the latest news from China’s customs administration into stark context. On December 8th it reported that the country’s net exports of goods in the first 11 months of the year had already exceeded $1trn, more than any previous surplus. Even as America whacked tariffs on China, its enterprising manufacturers have expanded into alternative markets and discovered roundabout routes past America’s trade barriers.
Last year the gdp of only 19 countries exceeded $1trn. That puts the latest news from China’s customs administration into stark context. On December 8th it reported that the country’s net exports of goods in the first 11 months of the year had already exceeded $1trn, more than any previous surplus. Even as America whacked tariffs on China, its enterprising manufacturers have expanded into alternative markets and discovered roundabout routes past America’s trade barriers.