“The sky won’t fall,” the spokesman of China’s customs authority said this week, referring to President Trump’s trade war in China, just as the authority reported an over 12% jump in exports for March. China is preparing to respond to the tariffs—by going gray in trade. The New York Times reported this week that there is a growing fear in Europe that China may start redirecting its cheap, subsidized products to European markets in response to U.
S. tariffs. Examples included electric cars, steel—which Europe…China Uses Gray Trade Tactics To Circumvent U.S. Tariffs
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