Mexico, China and tariffs
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Just a year ago, Chinese manufacturers, fearing a new trade war, rushed to push out exports following the election victory of President Donald Trump, who had pledged to slap punishing tariffs on imports from China over America’s widening trade deficit with the country.
China's exports to the U.S. have dropped sharply this year, in the face of President Trump's tariffs — but the country is still finding plenty of customers elsewhere around the world.
China's leadership is acknowledging that United States tariffs are inflicting real pain on its exporters at the very moment the country's trade surplus has blown past $1 trillion, underscoring a paradox at the heart of the global economy.
Chinese exports to the United States continued to crater last month, but the drop was made up by booming sales in Southeast Asia and Europe.
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EU nations weigh tariffs on China, following Trump's lead on trade deficits
French President Emmanuel Macron warned Beijing that France’s trade deficit with the country is “not sustainable.” Other nations are following Trump's cue in considering tariffs as an offsetting measure.
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