Why China’s exports held up so well under higher US tariffs?

November 17, 2025

Oxford Economics: Despite significant US tariff uncertainties, China’s exports have held up much better than most market analysts had expected this year. We recently raised our 2026 forecast for China’s real goods exports growth to be broadly flat, following an anticipated 8.3% expansion this year. By contrast, we project US exports will decline by 3.4% in 2026…