“China’s buoyant trade data”
“China’s exports grew faster than expected despite plummeting shipments to the US, pointing to the fast-changing shape of global trade as a result of hefty American tariffs. The latest figures were largely driven by Asian manufacturers importing Chinese raw materials. The data also indicates that Chinese companies’ “efforts to pivot to other markets are paying off,” ING economists noted, with sales to Japan and Europe accelerating. Washington is reportedly mulling offering substantial tariff cuts as part of talks with Beijing this weekend, but the legacy of its punishing levies may be new trade patterns of which the US is not a part.”Appears China is doing an end around on Trump’s trade idiocy apparently benefitting from Trump pissing off traditional US allies enough to establish “new trade patterns of which the US is not part.”
Although Trump boasts about supposedly getting China to the table in Switzerland the opposite could just as well true
But, but, but we got a “tremendous deal” with the UK, of what no one knows the details