Business丨Risk control, mkt diversity key amid duties

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The United States protectionist policies and tariff hikes have prompted many Chinese businesses to accelerate their overseas expansion and implement effective risk-mitigation measures to sustain growth, said exporters and trade experts on Tuesday. They made the comments after US President Donald Trump recently announced a 25 percent import tax on all steel and aluminum shipments entering the country, ending previous exemptions for allies, including Canada and the European Union. Prior to that, he announced 25 percent additional tariffs on Canadian and Mexican imports, which have been paused until March 1, along with an additional 10 percent duty on Chinese goods. Having accumulated extensive experience in navigating international political and economic shifts over the past decade, Chinese exporters have adapted to challenges by implementing strategic adjustments, such as actively participating in international trade shows and building more partnerships with companies in emerging market ………………………………