What does it take for US trading partners to wean themselves from US markets?
President Donald Trump's trade war has compelled US trading partners to diversify their exports to non-US markets. Most prominently, President Xi Jinping of China, the principal target of US tariffs, is using loans and tariff concessions to boost exports to countries in Asia, Latin America, and Africa. Prime Minister Mark Carney has promised to double non-US exports over the next decade.[1] And both Prime Minister Narendra Modi of India and President Luiz Inácio Lula da Silva of Brazil have endorsed trade deals with Europe. The motivation of these countries is clear and understandable. But…
President Donald Trump's trade war has compelled US trading partners to diversify their exports to non-US markets. Most prominently, President Xi Jinping of China, the principal target of US tariffs, is using loans and tariff concessions to boost exports to countries in Asia, Latin America, and Africa. Prime Minister Mark Carney has promised to double…
President Donald Trump's trade war has compelled US trading partners to diversify their exports to non-US markets. Most prominently, President Xi Jinping of China, the principal target of US tariffs, is using loans and tariff concessions to boost exports to countries in Asia, Latin America, and Africa. Prime Minister Mark Carney has promised to double non-US exports over the next decade.[1] And both Prime Minister Narendra Modi of India and President Luiz Inácio Lula da Silva of Brazil have endorsed trade deals with Europe. The…
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