The trade war between the United States and China has led to a significant shift in global trade, with China now looking to diversify its exports to other regions, including Europe and Southeast Asia.
According to economists, China’s exports to the US are expected to plummet by over half in the coming years, prompting Beijing to rethink its export strategy and prioritize other global trade partners to soften the blow of diminishing exports to the world’s largest economy, with a focus on regional cooperation and new trade deals.