China's Exports Surge Amid Tariff Fears as Trump Takes Office
China's exports grew by 10.7% in December, outperforming expectations as businesses rush to beat impending tariffs from President-elect Donald Trump.
China's trade data in December beat expectations by a large margin, with exporters continuing to frontload shipments as worries over additional tariffs mount, while the country's stimulus measures appear to be supporting demand in the industrial sector.
China's imports post surprise growth in December; exports beat expectations as higher tariffs loom
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China’s exports hit a record high in 2024, state media has reported, a welcome boost for the world’s second-largest economy as United States President-elect Donald Trump’s promised tariffs threaten to dampen growth.
China’s exports hit record high as Trump tariffs loom
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China’s exports in December grew at a faster pace than expected, as factories rushed to fulfill orders amid uncertainty over trade tariffs that could be imposed by U.S. President-elect Donald Trump.
China's exports in December grew 10.7%, beating estimates amid uncertainty over trade tariffs
ABC News·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.'Whether from the perspective of comparative advantage or global market demand, there is no so-called ‘China’s overcapacity’ problem. This problem is a pure false proposition.'
China's exports in December up 10.7%, beating estimates as higher US tariffs loom
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Summary
In December, China's exports rose 10.7%, surpassing estimates, driven by a rush to complete orders before potential tariffs from the incoming Trump administration. Imports increased by 1%, contrary to expectations of a decline. Analysts believe frontloading shipments will support export strength in the short term, although higher tariffs could dampen momentum later. The trade surplus reached $104.84 billion, with total trade valued at a record $43.85 trillion. The Chinese economy continues to rely heavily on exports amid challenges such as a real estate crisis and slowing domestic demand, with GDP growth figures due to be released soon.
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