Trump's Trade War Backfires: US Exports Hit, China's Global Influence Grows

World
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CNBC TV18•19-01-2026, 13:09
Trump's Trade War Backfires: US Exports Hit, China's Global Influence Grows
- •Donald Trump's trade war, initiated in his first term and expanded in his second, aimed to reduce the US trade deficit and revive manufacturing.
- •Tariffs of up to 25% on Chinese goods disrupted supply chains and raised costs for US importers, leading some companies to shift production to Southeast Asia.
- •US agricultural exports to China sharply declined due to retaliatory tariffs, with China increasing imports from Brazil, Argentina, and ASEAN states.
- •Despite US efforts, China maintained its 30% share of global manufacturing output, and foreign firms expanded production within China, reinforcing its supply chain centrality.
- •A global public opinion survey by ECFR indicates a growing belief in a multipolar world, with a majority expecting China's influence to rise by 2030.
Why It Matters: Trump's trade policies unintentionally strengthened China's global economic and diplomatic position, accelerating a shift in global power.
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