India and China’s latest trade figures highlight how the US–China trade war is reshaping global flows. Released by China Customs on June 10 and India’s Commerce Ministry today, the May 2025 data shows a sharp drop in China’s exports to the United States and a redirection of trade to markets such as India, the EU, and ASEAN.India’s import surge in electronics and machinery, much of it from China, and rising exports to the United States suggest that global supply chains are adapting rapidly. The numbers also signal rising risks for India amid Middle East tensions and a more protectionist global trade environment.
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