China’s exports accelerated in June as a probation on our sentence tariff Before the August deadline, companies and consumers’ orders are rushing.
Exports climbed 5.8% from a year ago, up from 4.8% in May. Imports have also recovered, with the first increase so far this year by 1.1%.
Exports to the United States fell 16%, but less than half of the 34.5% decline in May.
After U.S. President Donald Trump imposed tariffs of up to 245% on imports from China and Beijing. Have steep import dutiesthis Both parties agree Queue is made to allow time to talk.
Retailers and other importers The goods were stopped to a large extent Due to new tariffs, shoes, clothes, toys and other items Then return to import From China.
but Preliminary discussion No major progress or suddenness has occurred between the sides Policy changes Companies trying to plan ahead add uncertainty.
Meanwhile, the Trump administration has imposed 30% of imports from China, and the deadline for waiting for August 12 to restore higher tariffs to Washington and Beijing has been postponed.
The recycling of trade is expected to help grow economic growth in the April-June quarter. The Chinese government will report the figures on Tuesday.
Nevertheless, Zichun Huang of Capital Economics noted that the outlook is less optimistic, noting: “Tariffs may remain high and Chinese manufacturers face increasing restrictions on their ability to rapidly expand global market share by cutting prices.
“So we expect export growth to slow down in the coming quarters, which will hurt economic growth,” Huang said in a report.
Six months of the year show that China’s global trade has continued to grow despite a surge in trade wars with the United States after Trump returned to the White House.
As Chinese companies diversify their overseas production and export markets, the total trade record includes exports and imports exceeds RMB 200,000 (USD 2.8 trillion). China’s global trade surplus in the first half of the year reached US$586 billion.
From January to June, exports to Southeast Asia rose 13% year-on-year, freight in Thailand increased by 22%, Vietnam rose by nearly 20%, and India rose by more than 18%.
Trade with Europe is also active, climbing 6.6% in the first half of a year ago.
But after the EU imposed higher tariffs on electric vehicles made in China, auto exports fell, down nearly 38% from the same period last year. Exports of auto parts fell by more than 23%.
