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Fortune
Fortune
Sasha Rogelberg

China now makes up a record 40% of all global container exports—and it’s a sign Trump’s tariffs meant to punish Chinese firms have fallen flat

Donald Trump smiles and gives a thumbs up as he stands next to Xi Jinping. (Credit: Evan Vucci/POOL/AFP—Getty Images)

China keeps growing its share of global cargo sales, indicating the Trump administration’s tariffs meant to punish the country are instead an obstacle that China has successfully navigated.

China now accounts for 40% of the world’s container exports on a rolling three-month basis, a 2.5% increase from nine months ago and its highest-ever levels, Jens Eskelund, president of the European Union Chamber of Commerce in China, told the Financial Times on Tuesday.

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