April trade data comes the day before representatives from Washington and Beijing were set to meet to discuss Trump’s tariffs
Chinese trade with the United States slumped in April even as its total exports beat forecasts, official figures show, as trade representatives from both nations prepared to meet this weekend in the midst of a gruelling trade war between the superpower rivals.
Exports to the United States – one of China’s top trading partners – fell 17.6% in April, data showed. Against that backdrop, analysts polled by Bloomberg had expected exports to rise just 2% year-on-year last month. However they beat expectations, coming in at 8.1%.
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Source link : https://www.theguardian.com/world/2025/may/09/china-exports-beat-expectations-despite-slump-in-trade-with-us
Author : Guardian staff and agencies
Publish date : 2025-05-09 05:05:00
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