China Weathers the Storm of U.S. Tariffs

“This is not good for China’s economy, but they have staying power, and I don’t see them backing down.” While the pandemic years were tough on China’s economy, the country has recently recovered financially, recording a 5 percent growth rate last year. China is also becoming increasingly less dependent on exports to the United States and is diversifying investments in Southeast Asia, putting it in a good position to weather the storm of U.S. tariffs. Scott Kennedy, CSIS senior adviser and Trustee Chair in Chinese Business and Economics, joins the podcast to discuss the latest in the U.S.-China trade war, including China’s technological capabilities, new export controls, and the possibility of future decoupling.