China Seeks Trade Diversification Amid US Tariff Impact

China is intensifying efforts to diversify its export markets and reduce reliance on the US, as American tariff policies increase global economic uncertainty and challenge traditional trade flows. Chinese officials, including Premier Li Qiang and Vice Premier He Lifeng, have urged domestic trade companies to seek new opportunities and strengthen ties with partners such as the EU, ASEAN, and Belt and Road Initiative countries. Recent data shows China’s trade with ASEAN and Belt and Road nations is growing, even as external shocks and volatile US policies create a more complex trading environment. However, while diversification brings opportunities, Chinese traders have also encountered risks and payment challenges in some emerging markets, underscoring the difficulties of shifting away from established partners. Despite these headwinds, Chinese authorities emphasize their commitment to expanding global partnerships and supporting the multilateral trading system. Overall, China’s strategy reflects a proactive response to global trade fragmentation and aims to bolster economic resilience.