US trade restrictions have hit $369 billion of Chinese exports: monitoring group
GENEVA: US trade restrictions have hit a total of $369 billion of Chinese exports this year, much higher than the $278 billion of goods impacted by tariffs alone, a regular monitoring report of G20 trade restrictions said on Thursday. The Global Trade Alert report, produced by Simon Evenett and Johannes Fritz at the University of St Gallen in Switzerland, said most media reports of U.S. President Donald Trump’s trade policies focused on $278 billion of tariff increases. “However, this year has also seen $47 billion of Chinese good shipments to the United States targeted by other U.S. trade distortions . Furthermore, over $43 billion of Chinese exports have been caught up in other U.S. trade distortions that affect multiple countries,” the report said. “In fact a total of $369 billion of Chinese exports have faced new US trade distortions this year. Once the full range of U.S. trade distortions is taken into account, a third more Chinese exports are implicated in this year’s trade war....