Trade War Shock Is Scrambling China’s Exports

As President Trump implemented high tariffs on China, shipments to the United States dropped by 21% in April, but increased to Asia. Chinese exports to Southeast Asian countries surged last month due to the trade war’s impact on global trade flow. Chinese government data released on Friday highlighted the effects of the trade war, showing a rise in exports to Southeast Asia and a decline in imports in China. President Trump’s tariffs led to a slowdown in shipments to the US, while Chinese exports to countries like Vietnam and Thailand soared. This shift in trade patterns is seen as an early sign of supply chain adjustments.