From CNBC: 2025-04-11 01:10:00

A large number of machinery and vehicles are ready for shipment at the dock of the Oriental Port Branch of Lianyungang Port in Lianyungang, China. U.S. raised tariffs on Chinese imports to triple digits, causing exporters to raise prices and diversify operations. Chinese shipments to the U.S. could plunge by 80% over the next two years. Goldman Sachs cut China GDP forecast to 4%. China seeks to boost domestic sales amidst slowing growth. China faces challenges in replacing U.S. imports. China was the second-largest supplier of U.S. goods in 2024. Several large Chinese textile companies are moving production to Southeast Asia. Chinese President Xi Jinping is set to visit Vietnam, Malaysia, and Cambodia. The economic realities could push the U.S. and China toward a deal, some analysts predict.

Read more: How China’s exporters are scrambling to mitigate the impact of punishing U.S. tariffs