BEIJING – China sees an opening to turn U.S. President Donald Trump’s tariffs to its advantage by reshaping ?global trade in ways that would insulate its $19 trillion economy from U.S. pressure far into the future.
Beijing is exploiting the uncertainty created by Trump to try to stitch China’s vast manufacturing base into the world’s biggest economic blocs, including the European Union, Gulf States and a trans-Pacific trade pact, an examination found.
The push involves accelerating efforts to clinch some 20 trade deals in total, many years in the making, despite widespread concerns about China’s overproduction, uneven market access and soft domestic demand.
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