China drowns the world with cheap export after Trump's fees

Chinese exports, led by Chinese President Xi Jinping, continued their rush, despite the course of five months since the imposition of high US Customs duties, to lead his country to reach a surplus for record trading this year, estimated at $ 1.2 billion. With the limitation of access to the US market, wedding that their goods are still popular, as Indian purchases recorded an unprecedented level in August, while the shipping to Africa is on the way to reaching a record annual number, and sales to Southeast Asia exceeded their peak in the era of the pandemic. This comprehensive height raises concerns abroad, as governments balance the potential damage to their local industries, and the risks of provocation in Beijing, the first commercial partner of more than half of the planet Earth. To date, China has only had a public reaction this year, except from Mexico, which has gained customs duties up to 50% on Chinese products that include cars, parts and steel. However, other countries are under increasing pressure to take steps as the Indian authorities have received 50 requests to open investigations into the dumping of goods from countries, including China and Vietnam, according to a person at the start of the request not to reveal his identity due to the lack of information. The Indonesian trade minister has promised to monitor the flow of goods after raising videos of wide popularity for Chinese sellers promoting plans to carry out ‘jeans’ pants, and shirts at most 80 cents prices to major cities, a wave of resentment. You may be interested in: Industrial exports and investments are driving China’s economy growth despite Trump’s fees, despite the damage, the possibilities to take more serious measures continue to be limited. The countries already involved in customs negotiations with the Trump administration appear to be reluctant to fight a separate trade war with the second largest economy in the world, giving Beijing an outlet against US drawings that would lead economic experts earlier to a reduction in its annual growth rate to half. “The lukewarm response is likely to be influenced by continued trade negotiations with the United States. Some countries do not want to be seen as a contribution to the collapse of the global trading system, while others can delay the imposition of fees on China to use later as negotiation of papers with Washington during her private conversations.” Beware of the ominous fees on China officials who want to protect their economy from movements. The Minister of Trade in South Africa has advised not to set up pungans for the export of the Chinese car, which almost doubled this year, and prefers to attract more investments. On the other hand, Chile and Ecuador place limited fees on the import of low costs after the number of active users per month for the Chinese E -Commerce platform “Temu” in Latin America since January with 143%. As for the Brazil, although it threatened a more strict cold, the Chinese “bed” business this summer, the largest producer of electric cars in the country, gave a period of release of customs duties to accelerate its local production. Beijing uses a mixture of soft diplomacy and economic threats to prevent states from explicing. Earlier this month, the Chinese president called on the “Brics” states to unite the situation against protectionism during a contact with the leaders of the block, while the Mexico Ministry warned to “think twice” before taking a step, emphasizing that such measures with retaliation will meet. The risks are increasing with Trump’s pressure on the “NATO” countries to impose fees up to 100% on China as a result of its support for Russia. Chinese officials claim that their trade with the world falls within reasonable limits, and that Beijing is not trying to dominate the world markets. “If there is a request from abroad, China will export accordingly,” Finance Minister Liao said in July. Last month, the official newspaper “Al -shaab” responded to the Western criticism of “dumping” through its report on social media, and emphasized that the Chinese exporters did not sell below the cost price. Also read: The Shanghai Memeasing Organization .. What are it and its members? According to Zhang Show and David Ko of ‘Bloomberg Economics’, a crowd against China if Trump could mobilize other countries against China. “Beijing is likely to respond immediately with similar customs duties, but it involves the dangers of removing partners they need strongly at this stage.” They added that the matter could “encourage over time companies to localize production in the countries of the partners.” Although Chinese exporters challenge expectations, the wealth of trade is not reflected with an increase in profits, and does not contribute to solving the country’s internal problems. The profits of industrial enterprises dropped by 1.7% during the first seven months, as manufacturers have made an effort to reduce surplus production capacity within China as part of a “excessive indulgence” campaign to lower prices to raise sales abroad. However, it has exacerbated the deflationary pressure the economy faces, aimed at scoring the longest price of a price contraction since the beginning of the openness of openness in the late seventies of the last century. The export mutation may also ignore Beijing’s efforts to restore the balance in the economy by stimulating consumption, and the calls from foreign officials such as US Treasury Secretary Scott Besent, who requested Beijing to promote the purchasing power of the Chinese consumer an important pillar in his plan for the next five years. The policy document that defines these plans will pay attention to an important meeting of the Communist Party in the coming weeks. For SHI, these risks may look worthy of. Show that China does not need the US consumer increases its position before the high -risk summit with Trump in South Korea. The two largest economies in the world still discuss a possible commercial agreement, in light of a 90 -day ceasefire on customs duties of up to 145%, which is temporarily calm. See more: China bet on ‘Export Tsunami’ amid Trump’s customs duties that shock China before Trump surprised the world in April with the highest US Customs Lights since World War II, emerging markets, which threatened to lose millions of posts in the manufacturing sector, were concerned about the surplus of Chinese goods. Former Indonesian president has threatened to impose fees up to 200% to protect the local industry, while Brazil increases the fees on Chinese steel. Even Vietnam took temporary measures against the Chinese retailers via the Internet that harmed local sellers. In the end, it was difficult for foreign leaders to protect their economies from the massive Chinese factories. “The protection of the United States and other countries has not affected it because the Chinese exporters have a high competitive ability,” says Arthur Craper, head of research at the United States and other countries that have not affected, because the Chinese exporters have a high competitive capacity, “explaining that they can record a part of the final production, and that they can also upload or transfer a lot of alternatives to less fees. After Trump plunges promotes the growth of the export of China. The Governor of the Central Bank in Cambodia, Chia Siri, was explicit about the difficult budget facing the small economies on the basis of Beijing. “We import a lot of China. We also rely a lot on direct foreign investment from China,” she said in an interview with “Bloomberg TV” earlier this month. The highlight of the shipping to Vietnam indicates that some of the goods directed to the United States are only part of the image. The rich markets in Europe and Australia show that Beijing has simply found new buyers for many of its products. made within China. Hand: Bloomberg Economics: India finds a motivation to rely on itself in its relations with China delivers from China to India in July, and Chinese companies have sent almost a billion electronic chips to India, in addition to other billions of phones and parts, according to data issued by Beijing. This puts the export on a path to exceed the record recorded last year, as the value of the shipping so far this year is approaching the total recorded in the entire 2021. “China has a better achievement than expected in the first half. Some of them are because China found other export markets in an intelligent way, which was Europe, which was a major hedging in the head of the JP voyage,” Bloomberg TV. The grant of the vulnerability of China an extra advantage, as the yuan fell next to the dollar against currencies as the euro fell. Macquarie Bank earlier estimated that the actual exchange rate of the Yuan – which takes into account the inflation differences between the state and its most important commercial partners – has reached its worst level since December 2011. The Federal Reserve has reduced the interest rate this month, and perhaps the Yuan, to further decline, which will increase global demand and increase the competitiveness of the performance of Chinese. See also: China reduces the yuan to support exports in light of the increase in the trade war, the surplus of Chinese goods, despite the widespread anxiety around the world, the surplus that flows out of Chinese goods will not be easy to stop. Despite the US and Canadian measures to reduce it through punishment and ban, Chinese export of electric cars has still been submitted. During the first seven months of this year, car businesses such as “Nio”, “Byd” and “Xpeng Inc” were issued more than $ 19 billion to electric vehicles, a value of approximately exported in the same period last year, and Europe remained the largest market, even after the European Union imposed last October. According to Adam Wolf, China is in a better position than many countries to find alternative markets than the United States. The company’s analysis shows that there is an intersection of about 50% between what China exports to the United States and exports it to the “Brics” countries, which indicates that a large part of what America no longer bought can be directed to other markets. “China has shown its ability to enter other markets and withdraw shares in it, and it will probably continue. I don’t think China will see the export during the rest of the year,” Wolf said.