International Trade: China’s Export Push and the Rise of Tariffs in Asia
Wednesday, 11 September 2024, 00:00
China's Export Thrust: Impact on Tariffs
As international trade evolves, China’s accelerated export growth is forcing nations across Asia to reconsider their stance on tariffs. The wave of Chinese exports has led governments historically supportive of Beijing to impose higher trade barriers.
Responses from Countries
- India, in light of increased tariffs, is adjusting its import strategies.
- Effects on regional trade dynamics are alarming, prompting discussions on globalisation implications.
Influence of RCEP and IMF
Furthermore, the Regional Comprehensive Economic Partnership (RCEP) aims to facilitate trade, yet nations must also heed the guidance of the International Monetary Fund (IMF) regarding sustainable economic growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.