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As US’ effective tariff rate rises to 17%, analysts say China has an opportunity

The United States has become one of the most protected markets in the world, with its effective tariff rate against the world rising to 17 per cent from around 2 per cent last year – prompting renewed calls in China for greater trade diversification and a strategic push to seize opportunities in technological self-reliance and global governance. Fitch Ratings updated its US Effective Tariff Rate (ETR) Monitor – an interactive tool tracking tariff policy – last week, following Washington’s...


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