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Delhi News

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Tariffs Hit US-China Trade, Asia Reaps The Benefits

The US-China tariff war has reshaped global trade, pushing exporters to seek new markets as bilateral shipments decline.reports Asian Lite News Desk The US-China tariff war has sharply reduced bilateral trade, with Chinese exports to the United States falling 22 per cent and American exports to China declining 25 per cent between February 2025 and January 2026, according to the International Monetary Fund (IMF). However, businesses in both countries have redirected shipments to alternative markets, particularly in Asia, cushioning much of the immediate impact of higher trade barriers. In its October 2026 World Economic Outlook, released on Tuesday, the IMF

13 Oct 2026 10:40 am