Trump Tariffs Seen Fostering New China-Global South Trade Order

President Donald Trump 's tariff war is accelerating Beijing's trade and investment push into developing nations known as the Global South, according to research by S&P Global, potentially creating a new trade order dominated by Chinese firms.

China's goods exports over the past decade have doubled to nations mostly across Southeast Asia, Latin America and the Middle East, compared with growth of 28% to the US and 58% to Western Europe, S&P Global said in a report Tuesday. That trend has accelerated in the five years since Trump's first term.