Japan’s Early Exports in April Slow as US Tariffs Hit Firms

Jerome Powellfederal Reserve chair

If the large increases in tariffs that have been announced are sustained, they are likely to generate a rise in inflation, a slowdown in economic growth, and an increase in unemployment,

Powell said, according to a transcript on the Fed's website

The latest data from Chinese Customs highlights a high complementarity between China and the EU, especially amid today's challenging global trade landscape,

Zhao Junjie, a senior research fellow at the Institute of European Studies at the Chinese Academy of Social Sciences, told the Global Times on Friday

Reports of the death of China’s exports look to be greatly exaggerated,

said Lynn Song, chief economist for Greater China at Dutch bank ING

Scott Kennedy (comedian)senator

Both sides I think are balancing, trying to look tough with not wanting to be responsible for sinking the global economy,

said Scott Kennedy, an expert in Chinese business affairs at the Center for Strategic and International Studies in Washington

From China’s perspective, it hasn’t diversified away from the U.S. as a final customer. It’s just that it has been intermediated by third economies,

said Gerard DiPippo, an expert on the Chinese economy at RAND, a think tank

The thing about trade is when there are huge arbitrage opportunities, people are going to find a way to take advantage of them, legally or illegally,

said Caroline Freund, an expert on international trade at the University of California at San Diego

U. S. tariffs on Chinese goods are a direct motivation for expanding to Vietnam,

said Jaya Wen, an associate professor at the Harvard Business School who co-authored research showing that rerouting of Chinese goods through the country has risen by as much as 21 percent since 2018.

Say goodbye to U.S. tariffs” using a process as simple as “choosing the ‘not spicy’ option at a hot pot restaurant,

one Chinese logistics company, Shanghai Xiangcheng International Freight Forwarding, declared on the short video app Xiaohongshu

Now it’s a lot harder to tariff-hop from one country to another,

said Mark Ludwikowski, senior director at Clark Hill, which represents Chinese exporters and U.S.-based importers

I would say right now is not a good time to test customs,

he said

If a company comes here and sets up a company or factory, giving them a local certificate of origin, then they can bypass the impact of the tariff war on China,

she said

This is an early signal that something is going on in terms of a front-loading of the supply chain,

said Raymond Yeung, the chief economist for greater China for ANZ, a New Zealand bank

Wang Dan (dissident)china director

Domestic producers have halted most of their production targeting the U.S. market, but they are gearing up product for ASEAN countries because that is where they have set up their factories in preparation for this situation,

said Dan Wang, a director on Eurasia Group’s China team, referring to the 10 countries that are part of the Southeast Asian Nations

At a certain point that runs down and ... there is the expectation that the tariff situation will change for the better,

Levine said

We are obviously all looking forward to a relaxation of the (tariff) situation this month. I believe it will happen,

said Liu, a second-generation toy manufacturer from the southern export hub of Dongguan who declined to give her full name for privacy reasons

In 2018 when Trump put 25% tariffs on 80% of the commodities out of China, it took two years for the U.S. and China to reach a deal,

he said

We have thousands of products, and we are working every day with our suppliers, item by item and category by category, to navigate this fluid situation for our customers and members,

a Walmart spokesperson said

Companies are running out of inventory and Trump has toned down his China talk,

said Jonathan Chitayat, the Asia boss of Genimex Group, a contract manufacturer whose firm works with clients to design and engineer custom mechanical, electronic and consumer goods from bluetooth speakers to rubbish bins

One way or the other, these economies are intertwined and both sides are starting to feel pain,

he said,

Beijing can impose some pain on the United States,

Chong Ja Ian, associate professor of political science at National University of Singapore, told AFP