"China's export growth slowed to the lowest in six months in August, as Beijing shipped less to the US amid tariff tensions. Exports from China rose by 4.4% year-on-year, according to official figures, less than economists had expected, and down from July's better-than-expected 7.2% increase. Imports grew by 1.3%, down from a 4.1% rise in July. Beijing's shipments to the US fell by 33% while exports to southeast Asian nations rose by 22.5%."
"Policymakers want manufacturers to shift to other markets in light of Donald Trump's erratic trade policy. The US president delayed sweeping tariffs on China in mid-August, announcing another 90-day pause just hours before the last agreement between the the world's two largest economies was due to expire. Trump had threatened tariffs on China as high as 245%, with China threatening retaliatory tariffs of 125%."
China's exports rose 4.4% year-on-year in August, the weakest six-month reading and down from July's 7.2% increase. Imports increased 1.3%, down from July's 4.1% rise, while shipments to the US fell 33% and exports to southeast Asian nations rose 22.5%. Policymakers are urging manufacturers to shift to other markets amid US tariff uncertainty; the US delayed sweeping tariffs with a 90-day pause. Chinese imports face a baseline 10% tariff plus a 20% extra levy tied to fentanyl allegations. The trade surplus rose to $102.3bn, and analysts await potential Q4 fiscal support. Germany's exports fell 0.6% in July, imports edged down 0.1%, the trade surplus narrowed to €14.7bn, industrial production rose 1.3%, and oil prices climbed after OPEC+ agreed to raise output.
Read at www.theguardian.com
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