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EU trade with China is hard to "de-risk"

US Trade data reveal that Chinese imports plummeted from 21% to 16% between 2018 and 2022, when then-president Donald Trump placed 25% tariffs on $34bn of Chinese imports.

Despite a more cooperative tone, President Joe Biden has not eased trade restrictions, and Census Bureau data shows sustained decreases this year.

US firms' links may be closer than government data implies. To comply with the taxes, Chinese suppliers have transferred sections of their operations abroad in Asia.

 

Site: https://www.emeriobanque.com/news/eu-trade-with-china-is-hard-to-de-risk

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