BEIJING ¨C China sees an opening to turn U.S. President Donald Trump¡¯s tariffs to its advantage by reshaping ?global trade in ways that would insulate its $19 trillion economy from U.S. pressure far into the future.
Beijing is exploiting the uncertainty created by Trump to try to stitch China¡¯s vast manufacturing base into the world¡¯s biggest economic blocs, including the European Union, Gulf States and a trans-Pacific trade pact, an examination found.
The push involves accelerating efforts to clinch some 20 trade deals in total, many years in the making, despite widespread concerns about China¡¯s overproduction, uneven market access and soft domestic demand.
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