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Analysts: Chinese exports barely deflected to Europe after Trump’s first-term tariff hikes

November 12, 2024 at 4:30 PM
Tariff hikes on imports from China during the first Trump administration did not lead to a flood of Chinese products entering the European Union, as some had warned, analysts said in a report this week, suggesting that fears of deflection should not drive EU policymaking ahead of a second Trump presidency. The incoming U.S. president has said he will dramatically increase tariffs on Chinese imports, prompting fresh fears in Europe that Chinese manufacturers shut out from the U.S. could inundate...


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