China could pull off a swift “recalibration” of its overseas trade in response to Donald Trump’s tariff war, Paul Goncharoff, veteran financial analyst and research director at RPA (Russia Pivot to Asia) company, told Sputnik.
Why Washington Should Be Worried
China-BRICS trade is now worth over $1 trillion
China's trade with Russia reached a record high of $237 billion in 2024, Chinese customs data shows
China has been diversifying its export markets, with exports to the ASEAN group of nations surging by 12% last year
China’s Belt and Road Initiative was designed to secure multiple supply chains – many of those are now operational and never extended into the US.
If China boosts its exports to non-US markets by 8.5% annually, it could offset its entire exposure to American export volume within just two years, Goncharoff explained.
“Instead of fixing its own problems, Washington is trying in every way possible to shirk responsibility and shift the blame, resorting to tariffs, up to and including blackmail and ultimatums,” China’s Foreign Minister Wang Yi said, commenting on the US president's 2.0's trade wars during a three-day official visit to Russia.