China is reaching out to the world to make trade deals amid President Donald Trump’s push to isolate the nation
China is reaching out to the world to make trade deals amid President Donald Trump’s push to isolate the nation by dishing out massive tariffs.
So far, China has made inroads with Vietnam, Malaysia and Europe amid Trump’s tariffs threatening to stifle the economy of the world’s second largest market. Trump’s tariffs, which have now risen to a whopping total of 245% for some goods, aim to cripple China by cutting access to its largest export partner and cut off the nation from other trading partners, sources told the Wall Street Journal Tuesday.
“This is the first time that anyone of any consequence has stood up and said, ‘no more,’” Stephen Yates, senior research Fellow for China and National Security Policy at the Heritage Foundation, told the Daily Caller News Foundation. “We are going to renegotiate the terms of our engagement in a way that is more fair to my country’s interests, and there are some priorities that you’re going to have to address.”
Vietnam accounts for nearly 4% of all exports from China in 2023, totaling $135 billion worth in goods, according to the Observatory of Economic Complexity (OEC) data.
