5.5x Bigger Worry Boosts China Trade as 3.9x Larger Problem Remains — Panjiva


5.5x Bigger Worry Boosts China Trade as 3.9x Larger Problem Remains

China 1758 Tariffs 1169 Trade Balance 657 U.S. 3297

China’s trade growth continued unabated in July and actually accelerated to 13% on a year earlier vs. 6% in June in yuan terms. The 21% rebound in exports (dollar terms) was down to energy pricing while the acceleration in export growth to 6% – the fastest non-seasonal expansion since December – was broad-based. Increased shipments of PC components (7% vs. 1% a month earlier), semiconductors (20%) and capital goods (12%) in part reflected continued flows to the U.S. to beat the Trump administration’s widening tariff net. While $34 billion of products became eligible for 25% duties ...

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