Financial Times: China’s exporters to step up offshoring to beat Trump’s tariffs

An additional 10 per cent tariff on Chinese exporters is due at 1201 US Eastern time on Tuesday, February 4, 2025:

• Extra Trump tariffs on China are due to hit in a little over 5 hours
• USD strength has crept back in as China tariff implementation time nears
• Trump China tariffs – Trump says will talk with Xi “probably over the next 24 hours”

The Financial Times is gated, but here is the link if you can access it:

• China’s exporters to step up offshoring

In brief:

• Chinese manufacturers say they will speed up efforts to move production to other countries to circumvent US tariffs
• locations including the Middle East

Other strategies include:

• passing the cost to US customers
• seeking alternative markets

This article was written by Eamonn Sheridan at www.forexlive.com.