Chinese exports increased by 5.8% in June compared to the previous year, prompted by a rush of orders before a looming U.S. tariff deadline. Imports showed signs of recovery with a 1.1% growth. Exports to the U.S. faced a 16% decline, significantly better than the steep drop in May. While the truce between the U.S. and China provided temporary relief, uncertainty remains for importers as the Trump administration continues to raise tariffs. Economic growth is expected to receive a boost from the recovery in trade, but slower export growth is anticipated in the future due to high tariffs.
China's exports accelerated in June, growing 5.8% year-on-year as companies rushed to fulfill orders before an August tariff deadline. Imports increased 1.1%, marking their first rise this year.
Despite a 16% drop in exports to the U.S., this was a significant improvement compared to the 34.5% decline in May, indicating some resilience in trade amidst ongoing tariffs.
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