One thing people are not aware of and am curious of how big it really is: China manufacturing laundry. Essentially, goods are manufactured in China, then laundered to a third-party country and then exported to the US/EU. This come in two flavors, legal laundry where the local manufacturer satisfies the conditions; and illegal one where bribes are paid to pass goods.
I come from a country that does this. Massive deficit with China vs. an equivalent surplus with the EU. Weak manufacturing base that essentially import Chinese, does some packaging and then export it back.
> https://antidumping.vn/eu-chinabike-duty-hits-indonesia-mala...
I come from a country that does this. Massive deficit with China vs. an equivalent surplus with the EU. Weak manufacturing base that essentially import Chinese, does some packaging and then export it back.