Chinese businesses are moving away from the U.S. despite trade truce

The intense trade war with the US has left permanent scars on Chinese exporters, where many want to diversify the US, Liss repeated the temporary rate, to private survey.

Based on a survey of 4,500 exporters in various large economies, commercial insurer Allianz Trade showed that 95% of the Chinese exporters surveyed are planning to double, if not, to the export to markets outside the US for their goods.

The “Decoupleing” of the US-China remains a likely scenario in the medium term, said the survey, while Chinese exporters are looking to turn away from American and American companies, the efforts to move China production.

An increasing number of companies investigated are expecting a dent on export view this year because of the double -digit American rates, according to the report.

Even after the temporary rate reduction after the deal of Beijing -Washington in Switzerland earlier this month, the American trade rate rate on Chinese goods had been reduced to 39%, well above the 13% rate that was applied before the second Trump administration administration to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump to Allian Trump.

The rapid de-escal action of the tariff patter has led to a large peak in American shipments as exporters in front of the 90-day Grace Journal, which means that freight rates are increased.

Chinese exporters in the coastal town of Ningbo are not deterred by the ceasefire and stick to their plans to “go worldwide,” said Tiannch XU, senior economist at Economist Intelligence Unit.

In a recent report on field visit to the city, which is organizing the second longest port of China by treating Hanghai, Xu said that Southeast -Asia was the top choice at local companies that wanted to move production abroad.

For Southeast Asia, companies show growing interests in setting up production in Indonesia, Xu said. On the other hand, perception was mixed over Vietnam, with concern about increasing costs that weigh against an attractive labor force.

While the US has commercial agreements with China and the UK, conversations have crashed with other long trading partners.

Allianz -trade points to a Subery reality that this year’s worldwide export could be loss of $ 305 billion on the back of the trade conflicts for Widepretad.

For comparison: Global Trade reached a record of $ 33 trillion last year, according to the trade and development of the United Nations.