US–China Tariffs and the global reallocation of chinese exports: Implications for Italy
|In 2025, US–China trade tensions led to a sharp drop in US imports from China, while Chinese exports to other regions increased, indicating early signs of trade diversion. For Italy, estimates point to limited but notable export displacement, concentrated in specific sectors, alongside potential gains from lower-cost Chinese intermediate and capital goods. Italian firms report stronger competitive pressures and heightened uncertainty, particularly among exporters. Despite the challenges posed by tariffs and the redirection of Chinese exports in 2025, Italian exports have proved resilient, with growth recorded especially towards the United States.
Trade deflection of Chinese goods might impact Italy’s exports marginally, although more than Germany’s and France’s
Italy’s sectoral exposure to Chinese trade deflection varies significantly across sectors
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