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.