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Efecto desinflacionista de los aranceles en países distintos a 🇺🇸, especialmente en 🇪🇺.
Como🇨🇳 nunca había producido tan barato - está en deflación - y tiene problemas para vender en 🇺🇸, da salida a su producción vendiendo de forma masiva y baratísima en el resto del mundo.
20.7. klo 00.14
China's direct exports to the US (red) are down -16% y/y in June 2025, but overall exports (black) are up 6%. How can that be? China's exporters don't have the capacity to warehouse all the goods they produce. So exports have to leave for new markets or - indirectly - for the US.
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