Nomura: Beijing’s cautious tariff response is pragmatic amid limited import alternatives ...Middle East

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In a report led by Chief China Economist Lu Ting, Nomura analysed China's capacity to replace U.S. imports with goods from other countries. While there are some substitution options for items like LNG, engine parts, and scrap copper, the range is narrow. For key imports such as soybeans, semiconductors, crude oil, and aircraft, viable alternatives are either limited or would take years to scale.

With few easy trade-offs available, Nomura concludes that a cautious approach helps China preserve economic stability while managing growing geopolitical and trade pressures.

This article was written by Eamonn Sheridan at www.forexlive.com.

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