New US President, Donald Trump is kicking off a new era of Western economic rivalry with Beijing just as China’s dominance of global manufacturing is greater than ever, says the Wall Street Journal.
That makes interesting reading for the U-Freight Group with our portfolio of international freight, logistics and supply chain management operations that serve the China market, supported by our strong network across the country.
According to the WSJ report, China has just posted a trade surplus of USD1 trillion for 2024, and the gap between exports and imports is now three times what it was in 2018.
The WSJ’s Jason Douglas reports that China accounts for around 27% of global industrial production, and the share is on the rise.
For Washington and its allies, this shows that efforts to reduce their dependence on China are coming up short.
That suggests it will remain hard for President Trump to rebalance U.S.-China trade relations.
Chinese suppliers have responded to measures from the U.S. and other countries in part by finding other customers, subsidising its factories and working around the levies by moving production to other countries. So far, at least, that would appear to have kept China’s factory floor intact. For more information about our portfolio of international freight, logistics and supply chain management operations that serve the China market, please visit the relevant pages of this website, or contact your local office, which can be seen here: https://ufreight.com/locations
