The Financial Times have the report: China reroutes exports via south-east Asia in bid to dodge Trump’s tariffs
The FT is gated. It’s a detailed article, worth a read if you can access it.
In (very) brief:
Data suggests Chinese companies are increasingly diverting exports through Southeast Asia to avoid US tariffs
- direct shipments from China to the US fell 43% in May
- China’s overall exports still grew 4.8%
- 15% surge in exports to Southeast Asia
- 12% rise to the EU
In response, the US trade deal with Vietnam includes a 40% tariff on trans-shipped goods.
This article was written by Eamonn Sheridan at www.forexlive.com.
