China needs friends in Trump's trade war. But Xi may have to go it alone

In response to escalating US trade tariffs, Xi Jinping is promoting China-India partnerships, highlighting a significant bilateral trade relationship. Amidst the doubling of US-imposed tariffs on Chinese goods from 20% to 54%, China is on the offensive, redirecting exports away from the US. Financial markets reacted negatively, with concerns over a potential recession in the US as companies brace for the trade war impacts. Analysts now fear that increased subsidies might lead to China's aggressive market maneuvers while suggesting that US policies may inadvertently favor authoritarian regimes in global trade.

"Beijing is on a wide-ranging charm offensive, aimed at redirecting its exports away from the US to other willing destinations as Washington erects trade barriers."

"Investors worry that a recession in the US cannot be ruled out as the trade war intensifies and companies hunker down, cutting investment and jobs to weather the storm."

Read at www.theguardian.com