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China’s exports jump 5.8% in June as tariffs reprieve prompts a rush of orders

Imports rebound modestly as Southeast Asian and European markets pick up slack.

China’s exports rose 5.8 percent year-on-year in June after companies and consumers rushed orders ahead of an August US tariff deadline, with imports also rebounding to grow 1.1 percent. Shipments to the United States still fell by 16 percent but the decline eased from May’s drop, while trade with Southeast Asia and Europe surged, helping sustain momentum in the April-June quarter. The temporary easing of duties is expected to support second-quarter growth even as longer-term tariff uncertainty and weak domestic demand cloud the outlook.

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https://apnews.com/article/china-trade-exports-trump-tariffs-570852c13d62b3ae55667ec686ea43dc

Tagged: China Exports