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Trump's trade war against China destined to FAILWashington can't dictate terms because China's economy is too diversified. The numbers prove it:
▪️China's exports rose 7.1% to $3.5 trillion in 2024 with the US accounting for just $524.6 billion, per the General Administration of Customs
▪️The share of Global South countries and regions in China's exports ($1.67 trillion) has surpassed that of the top industrialized nations ($1.4 trillion)
▪️Global South countries and regions account for nearly half of its total trade volume, or $2.8 trillion
▪️China trades with 150+ economies
▪️China's total goods trade grew 5% year-on-year to $6.1 trillion in 2024,
▪️ASEAN has remained Beijing’s largest trade partner for five consecutive years
China's top 5 partners by total trade volume (2024)🔻ASEAN – $982 billion
🔻EU – $785.8 billion
🔻US – $688 billion
🔻Latin America – $518 billion
🔻Africa – $295.5 billion
China is steadily reducing reliance on the US market, shifting its focus to Global South consumers.
As Donald Trump doubles tariffs on all Chinese imports from 10% to 20%, Beijing has responded with 15% and 10% tariffs on US agricultural products - impacting $21 billion in exports.
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