trade diversification

China still holds the title of the world’s manufacturing floor, but business challenges are leading more companies to source production in other countries.

China’s exports to the U.S. contracted last month. Even so, slowing U.S. exports to its trade rival saw China’s trade surplus with the U.S. widen.

A United Nations report concludes U.S. consumers and Chinese exporters are the primary losers in the trade war. Taiwan, Mexico, Europe and Vietnam are net beneficiaries.