China's 2025 $1.2 trillion trade surplus masked rising exporter stress and declining profits amid shifting markets and tariff impacts.

In 2025, China achieved a record $1.2 trillion trade surplus despite a 20% drop in U.S. orders due to Trump-era tariffs, prompting exporters to shift to Africa, Latin America, and Southeast Asia. While overall exports rose, sales staff report lower commissions, smaller and less predictable orders, longer hours, and increased stress, with some experiencing health issues. Firms face declining profits—down 13.1% in November—due to price competition, delayed payments, and higher default risks, highlighting growing strain beneath strong trade numbers.