The JISU Fortune ship carried over 5,000 vehicles at Taicang Port and conducted a landing voyage of European countries in Suzhou, Jiangsu Province, China on May 22, 2025.
Costfoto | Parenting | Getty Images
Although a temporary trade truce with the United States prompted businesses to travel to freight and took advantage of 90-day emergency taxes, China’s export growth lost expectations in May.
Customs data showed on Monday that exports rose 4.8% last month in the dollar terms last month, a Reuters poll estimate of 5%.
Imports fell by 3.4% from May a year ago, with a sharp drop in imports falling compared to economists’ expectations of 0.9%. Imports have been declining this year, thanks in large part to slow domestic demand.
Export has April soars by 8.1% As shipping to Southeast Asian countries jumped, outbound goods to the U.S. fell sharply by 21% in April with high-priced tariffs.
U.S. President Donald Trump’s 145% tariff on Chinese goods came into effect in April, and Beijing retaliates against triple-digit responsibilities and other restrictive measures, such as export controls on key minerals.
Last month, the United States and China reached a preliminary agreement in Geneva, Switzerland, which led to the two sides lowering most of the tariffs. The think tank said Peterson School of International Economics.
The temporary tariff ceasefire is expected to trigger a new surge in trade as exporters and importers in China and the United States are seeking freight, Shipping costs soar.
China’s Vice Premier and Chief Trade Representative It is expected to meet with the U.S. trade negotiation team Finance Minister Scott Bessent in London Later that day, new trade talks were held.
The second round came after another tension broke out between the two sides as they alleged violating the Geneva trade agreement.
Washington accused Beijing of slowly approving commitments to approve the export of other key minerals to the United States, while China criticized the U.S. decision to impose new restrictions on Chinese student visas and other export restrictions on chips.
China’s Ministry of Commerce said on Saturday Continue to review and approval The use of rare earths exported is cited as the growing demand for minerals in the robotics and new energy vehicle sectors.
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