https://www.taxtmi.com/news?id=43331 Tariff escalation between China and the United States has driven a pronounced fall in Chinese exports to the U.S. while overall exports rose due to stronger shipments to other regions. Retaliatory duties and elevated U.S. tariffs reduced imports from the U.S. and narrowed the bilateral surplus. Supply-chain diversification is accelerating, with notable export growth to the EU, Southeast Asia, RCEP members, ASEAN, Latin America, India, Africa, and markets such as Vietnam and Thailand. Negotiations may yield partial tariff rollbacks but a full reversal appears unlikely, and China has adopted domestic measures to counteract trade-war impacts. en-us Fri, 09 May 2025 13:31:03 +0530 Fri, 09 May 2025 13:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=43331 Tariff escalation between China and the United States has driven a pronounced fall in Chinese exports to the U.S. while overall exports rose due to stronger shipments to other regions. Retaliatory duties and elevated U.S. tariffs reduced imports from the U.S. and narrowed the bilateral surplus. Supply-chain diversification is accelerating, with notable export growth to the EU, Southeast Asia, RCEP members, ASEAN, Latin America, India, Africa, and markets such as Vietnam and Thailand. Negotiations may yield partial tariff rollbacks but a full reversal appears unlikely, and China has adopted domestic measures to counteract trade-war impacts. News - Fri, 09 May 2025 13:31:03 +0530 https://www.taxtmi.com/news?id=43331