China’s exports accelerated as exhaustion for us in June Tariff caused an increase in orders from companies and consumers before a period in August.
Exports rose by 5.8% compared to the previous year, compared to an increase of 4.8% in May. The imports also recovered and rose by 1.1%in the first increase of this year.
Exports to the United States fell by 16%, but that was less than half of the decline of 34.5%observed in May.
After US President Donald Trump had raised tariffs of up to 245% for imports from China and responded to Beijing with his Own steep import dutiesThe Two sides agreed To a ceasefire to give time for talks.
The retailers and other importers who had largely stopped programs From shoes, clothes, toys and other articles due to new tariffs Then again imports from China.
But Preliminary discussions Between the two sides, considerable progress and suddenly have to be created Changes in the guideline have raised the uncertainty for companies that try to plan ahead.
In the meantime, the Trump government has increased the tariffs for imports from China by 30%until a period on August 12 for returning to the higher tariffs Washington and Beijing have been delayed for the time being.
The recovery of trade is intended to help increase economic growth in April to June. The Chinese government should report these figures on Tuesday.
Nevertheless, the outlook is less optimistic, noted Zichun Huang from the capital economy and found that “the tariffs will probably remain high and that Chinese manufacturers are faced with growing restrictions with regard to their ability to quickly expand the global market share by paying the prices.
“We therefore expect that export growth in the upcoming quarters will slow down and that economic growth will weigh,” said Huang in a report.
The data for the first six months of the year showed that the trade war with the USA rose after Trump’s return to the White House, China’s global trade continued to grow.
The overall trade, including exports and imports, made a record of more than 20 trillion dieselar (US dollar 2.8 trillion dollars), since Chinese companies diversified their production and export markets in overseas. China’s global trade surplus in the first half of the year reached $ 586 billion.
Exports to Southeast Asia rose by 13% compared to the previous year from January to June, whereby the programs according to Thailand rose by almost 20% and India by more than 18%.
The trade in Europe was also quick and rose by 6.6%in the first year of the year compared to the previous year.
However, autoXports fell after the European Union imposed higher tariffs on Chinese electric vehicles that had dropped almost 38% compared to the previous year. The exports of auto parts fell by more than 23%.
