Bullets:

High tariffs in the United States resulted in a sharp $38 billion reduction in Chinese imports in the 3rd quarter, compared to the same period in 2024.Americans are buying less of almost everything from China, and either paying more or going without for products sourced elsewhere.But China has more than offset their deep losses in the American market, with booming exports to the rest of the world.The biggest beneficiaries of the trade wars may be the developing world, as Chinese export companies have ramped up business in Africa, South America, and South Asia. Though Chinese firms do not enjoy the high per-unit profit margins they get from American buyers, they are selling in much larger volumes to these new markets.Closing scene, Huizhou, GuangdongResources and links:New York Times, What Trade War? China’s Export Juggernaut Marches onhttps://www.nytimes.com/interactive/2025/11/03/world/asia/china-exports-trump-tariffs.htmlInfographic: China’s tariff scheme for African LDC countries is now 21 years old. What next?https://developmentreimagined.com/chinas-tariff-scheme-for-african-ldc-countries-is-now-21-years-old-what-next/China pours money into Africa to further diversify from American farms

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