business
For Chinese exporters, Iran worries eclipse tariff woes as Trump, Xi prepare to meet
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- Chinese exporters spent the past year scrambling to diversify away from the U.S., moving supply chains overseas and targeting new markets, including the Middle East, as punishing tariffs upended their business models.
- Now the Iran war has heaped fresh pressure on those businesses, choking critical shipping lanes, triggering a historic energy shock, and threatening to crimp global demand for Chinese goods across the board.
Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
Chinese exporters spent the past year scrambling to diversify away from the U.S., moving supply chains overseas and targeting new markets, including the Middle East, as punishing tariffs upended their business models.
Now the Iran war has heaped fresh pressure on those businesses, choking critical shipping lanes, triggering a historic energy shock, and threatening to crimp global demand for Chinese goods across the board.
Article preview — originally published by CNBC. Full story at the source.
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