NUMBER OF THE DAY
China’s exports to ASEAN rose by this amount in July, while total exports increased 7.2% year-on-year.
🌏 Massive Rerouting: Manufacturers are increasingly shipping to Southeast Asia before U.S. tariffs on rerouted goods take effect; U.S. imports from China plunged 22%.
💣 Tariff Hammer: Trump activated a 40% tariff on transit goods, plans 100% on chips and pharmaceuticals plus 25% on Russian oil. The planned truce ends on August 12.
Watch: The export rerouting via Southeast Asia shows China’s adaptability, but Trump’s anti-transshipment tariffs could close this backdoor and shake global supply chains once again.
In 2025, China’s exports could rise to USD 3.8 trillion after a strong first half of the year. Source: Statista
The China Survival Guide for Western Businesses
Entity setup, WeChat strategy, hiring your first local team. 12+ years on the ground in Shanghai.
