Chinese business departs from the US despite the trading truce

The US intensive trade war has left strong scars on Chinese exporters, and many seek to diversify the US, despite temporary tariff repression, a private poll showed.

Based on a survey of 4,500 exporters in several large economies, the Allianz Trade trading insurers found out that 95% of Chinese exporters polled, if not yet, double exports to the US borders.

The American “denouement” remains a likely scenario in the medium -term period, according to a poll when Chinese exporters seek to cancel from the US and US companies that accelerate the transfer efforts from China.

This year, an increasing number of polled firms are expected to be dents on export turnover due to double-digit tariffs in the US, the report said.

Even after a temporary reduction in tariffs after the transaction with Beijington in Switzerland earlier this month, the tariff tariff for Chinese goods remained at 39%, which is much higher than 13%, which is applied to the second Trump administration, according to the Allianz trade.

Fast de -escalation tariffs led to a large splash in the USA in the US pushing to freight rates.

Chinese exporters in the Coastal city of Ningba are not a truce, and adhered to their plans to “go globally”, said Tianchen Sue, senior economist.

In a recent report on visiting the field city, Xia said that Shanghai was held in the second largest port in China, which is engaged in Cargo, which is engaged in southeastern Asia, remains the main choice among the local business seeking to move production abroad.

In Southeast Asia, the company has an increase in interest in creating production in Indonesia, SE said. On the other hand, the perception was mixed with Vietnam, with concern about the growth of expenses that have been in terms of attractive labor.

While the United States killed trading deals with China and the UK, negotiations with other long trading partners seem to have stopped.

Allianz trade indicates a sober reality that this year at the back of wide trade conflicts in global exports can lose $ 305 billion.

For comparison, Global Trade Hit Record in 33 trillion. Dollars last yearAccording to the United Nations trade and development.