Supply Chain Research

China’s unexpected export decline of 2.7% year over year in April has been driven by several sectors. The autos industry has been particularly weak with a 22.8% drop in exports of cars in April, potentially due to a zeroing of shipments by Geely’s Volvo Cars to the U.S. The electronics industry has continued to struggle. Telecoms exports fell 18.6% and PCs dropped 6.8%, which was only partly offset by a 26.9% surge in semiconductor exports. Further U.S. tariffs could yet take another bite out of exports. Should the Trump administration increase duties to 25% from 10% on around $200 billi...