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China's Trade Expansion with the Global South Amidst U.S. Tariffs

Updated: 2025-08-23 11:14 BST
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Top Lines
- China's trade with the Global South reached $1.6 trillion in 2024, surpassing exports to the U.S. and Western Europe combined.
- This strategic shift aims to mitigate the impact of U.S. tariffs imposed since 2018.
- The trend is expected to continue as Chinese firms seek growth in emerging markets.

What Happened
- In 2024, China's exports to the Global South totaled $1.6 trillion, over 50% more than to the U.S. and Western Europe combined.
- This surge is a response to U.S. tariffs on Chinese goods since 2018, prompting Chinese companies to diversify their markets.
- The trend is anticipated to persist as Chinese firms look to expand in regions with stronger growth prospects than the domestic market.

Why It Matters
- Market Diversification: Chinese companies are reducing reliance on traditional Western markets, potentially reshaping global trade dynamics.
- Economic Growth: Engaging with the Global South opens new avenues for revenue, supporting China's economic expansion.
- Geopolitical Implications: Strengthening ties with developing nations may influence global political alignments and economic policies.

Key Numbers / Facts
- $1.6 trillion: Value of China's exports to the Global South in 2024.
- 50%+: Increase compared to exports to the U.S. and Western Europe combined.

Timeline (Today, 2025-08-23)
- 00:00 Europe/London: China's trade with the Global South in 2024 reaches $1.6 trillion, over 50% more than to the U.S. and Western Europe combined.

Sources
- S&P Global – China Increases Trade with Global South — published 2025-08-21 00:00 Europe/London