Trump -Tarife sahen, wie man neue China -Global South Trade Treage orientierte – Bloomberg

SS: Here’s a clear summary of the Bloomberg article (Aug 19, 2025):

Title: Trump Tariffs Seen Fostering New China–Global South Trade Order

Key Point: US President Donald Trump’s tariffs on Chinese goods are accelerating Beijing’s pivot toward the Global South (South/Southeast Asia, Middle East, Africa, Latin America, Eastern Europe, Central Asia). This shift could reshape global trade with Chinese firms at the center.

Export Trends:

In the past decade, China’s exports to the Global South doubled, far outpacing exports to the US (+28%) and Western Europe (+58%).

Since Trump’s first term, this trend has intensified.

Over half of China’s trade surplus now comes from the Global South (vs. 36% with US, 23% with Europe).

Drivers of the Shift:

US tariffs create uncertainty for Chinese firms.

China’s economic slowdown pushes firms to seek overseas markets and production hubs, especially for EVs and electronics.

Beijing is reducing trade barriers, eliminating tariffs (e.g., almost all African imports), and signing deals with Latin America, Africa, and Southeast Asia.

Economic Impact:

For China’s 20 biggest Global South partners, trade with China now equals 20% of their GDP on average.

While US tariffs hurt China’s exports to America (slumping for 4 straight months), shipments to Africa and Southeast Asia have more than offset losses.

Risks & Pushback:

Local industries in some developing countries fear being undercut by cheap Chinese imports.

Worker protests and protectionist pushback could challenge China’s dominance.

Outlook:

S&P Global predicts “South–South trade” will become the new global center of gravity, with Chinese multinationals as key players.

Despite risks, US tariffs + China’s slowdown ensure Beijing’s pivot to the Global South will deepen.