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:
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.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 hoursUSD strength has crept back in as China tariff implementation time nearsTrump 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 offshoringIn brief:Chinese manufacturers say they will speed up efforts to move production to other countries to circumvent US tariffslocations including the Middle EastOther strategies include:passing the cost to US customersseeking alternative markets
This article was written by Eamonn Sheridan at www.forexlive.com. Read MoreNews
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