The recent re-election of former United States President Donald Trump has ignited global concerns over the potential resurgence of trade protectionist policies. Market consensus suggests that Trump's administration may impose high tariffs on certain imports from the Chinese mainland.
In anticipation of these changes, US importers are expediting purchases from the Chinese mainland ahead of Trump's inauguration in January to mitigate the risks of potential cost increases. This proactive strategy highlights the ongoing debate surrounding the 'decoupling and cutting off of industrial and supply chains,' and its profound impact on China-US economic and trade relations, as well as the broader global economy.
Reference(s):
cgtn.com
