China’s bold move to redirect exports originally destined for the U.S. aims to strengthen its domestic market, but analysts caution that this strategy could lead to deeper deflation. With demand dwindling, the risk of a prolonged economic slowdown looms larger, sparking worries about both internal stability and the ripple effects on global trade
In response to escalating trade tensions, China’s leading retail giants have committed to supporting local exporters in shifting their focus to domestic markets. This initiative aims to bolster the economy and mitigate the impact of ongoing trade disputes.
In a recent interview, trade lawyer Mark Warner emphasized the urgent need for Canada to bolster its furniture industry. He cautioned that without strategic support and innovative solutions, the sector risks significant decline amid rising global competition.
