Amid rising trade tensions with the U.S., China is encouraging its exporters to explore new markets beyond their traditional boundaries. Although this shift to alternative regions appears simple on the surface, experts warn that navigating logistical hurdles and regulatory complexities could pose significant challenges for a seamless transition.
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.
The upcoming 26% US tariffs on Indian goods are poised to impact domestic players significantly, according to top exporters’ bodies. This increase could dampen competitiveness in the global market, affecting trade dynamics between the two nations.
