China floods the world with cheap exports after Trump’s tariffs

Chinese President Xi Jinping’s export engine has proved unstoppable during five months of sky-high US tariffs, sending China hurtling towards a record $1.2 trillion trade surplus.

With access to the US curtailed, Chinese manufacturers have shown they aren’t backing down: Indian purchases hit an all-time high in August, shipments to Africa are on track for an annual record and sales to Southeast Asia have exceeded their pandemic-era peak.