Trade Dynamics Unraveled
China's manufactured goods surplus has surged to 800 billion, driven largely by rising trade deficits among democracies rather than just trade with Russia. The trade war's impact is evident, particularly in the auto sector, where the US has ceased importing cars from China, resulting in China becoming the world's largest auto exporter. Despite these shifts, evidence suggests that a serious decoupling or fragmentation of trade relationships has not occurred, as China's trade with democracies remains robust.In this clip
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