Xi Gains Upper Hand as US-China Trade Tensions Ease
Chinese exporters are cautiously optimistic about the temporary reduction in US tariffs following a summit between Xi Jinping and Donald Trump, but they remain wary of future trade disruptions. Many are diversifying their markets and production locations beyond China to mitigate risks, reflecting lessons learned from previous trade tensions and a strategic shift towards global diversification. Despite the tariff relief, US retailers are unlikely to reverse plans to move supply chains out of China, emphasizing the importance of a resilient, multi-market approach for Chinese manufacturers.
