China’s exports rose a higher than expected 8% in April as new US tariffs took effect
BEIJING AP China s exports rose in April from the year before much more than economists were expecting in the tail end of a rush by companies and consumers to beat higher U S tariffs that took effect last month Preponderance forecasts were that exports in April would grow about down from a whopping year-on-year increase in March Imports fell in April from the year before China s politically sensitive business surplus with the United States was nearly billion in April Exports to the United States form just a part of China s total exports and business with the rest of the world has remained resilient Preliminary information also show that U S imports from other countries not subject to U S President Donald Trump s tariff on Chinese products are rising speedily China s exports to other countries and regions rose at a robust pace in the first four months of the year Exports to Southeast Asian countries were up from a year earlier Exports to Latin America also climbed Shipments to India jumped nearly by value and exports to Africa surged In the first four months of the year exports to the United States were down from a year earlier while imports from the U S fell But figures for the beginning of show the tariffs and other measures related to Trump s arrangement war are having an impact Measured on a monthly basis in April China s total exports rose just from March while imports increased by nearly Source