"Questions about the impact of the trade war between the world’s two largest economies have largely been theoretical until now. That changed today when China published trade data for October, the first full month for which American tariffs on $250bn of Chinese imports were in effect. Chinese exports were strong over the past half-year as companies rushed to ship goods before America slapped duties on them. A big slowdown in October would have shown that Donald Trump was hitting the mark, at least in hurting China. Yet the opposite happened. Exports to America held up well; to other parts of the world, they accelerated. Firms that use China for manufacturing cannot uproot their supply chains overnight. Moreover, Chinese exporters have diversified their sales away from America and are now benefiting from a weaker yuan. Resilient exports will give Chinese leaders more confidence, and leave their negotiating hand stronger than Mr Trump had reckoned."
I'm surprised, since I found reports elsewhere that China was indeed being hurt.
Those reports of course were prior to today's hard data, and October is just one month. Trump has min. 24 to go.
No link, for the link-insistent. It's from my daily feed from The Economist, which is linkless. 'You want more? Go buy the magazine, cheapskate!' Or words to that effect. I get mine in the library.