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Trade numbers confirm that Chinese exports to the United States fell, but jumped globally, as a new 100% tariff threat from US President Donald Trump promises a rocky patch ahead of trade negotiations between the world’s two strongest economies.
China’s exports globally hit a six-month high in September; however, exports to the United States fell 27% in the same month, compared to the year before.
Customs figures released Monday showed that China’s worldwide exports were 8.3% higher than a year earlier, at $328.5 billion (€283bn), surpassing economists’ estimates.
That was markedly better than the 4.4% year-on-year increase in August.
Imports grew 7.4% last month, significantly better than a 1.3% increase by year in August, although a weaker domestic economy and a real estate sector downturn continue to weigh on demand and consumption.
