US EditionChina Exports to US Fall Most Since 2020 Despite Trade Truce
- In May 2025, China experienced its slowest pace of export expansion in three months, highlighted by a 34.5% year-on-year decline in shipments to the US—the steepest fall since February 2020.
- This decline followed continued US tariffs despite a 90-day tariff suspension starting in early May, with tightened export controls and heavy customs inspections also limiting shipments.
- While total exports rose 4.8% year-on-year and imports declined 3.4%, factory-gate deflation worsened to its deepest level in two years, pressuring the domestic economy.
- China’s trade surplus increased to $103.22 billion in May, with exports to the US at $28.8 billion, while economist Xu Tianchen noted rare earth shipments nearly halved due to export controls.
- In response to trade frictions, Beijing introduced monetary easing measures in May, which included lowering benchmark lending rates and launching a 500 billion yuan affordable loan initiative aimed at supporting elderly care and boosting consumer spending.
61 Articles
61 Articles
BEIJING - China's exports to the United States fell 34.5 percent in May from a year earlier, the biggest drop in more than five years, the General Administration of Customs said today.
China says its exports to the US fell nearly 10% in May, as trade talks are due to start in London
China has reported its exports to the United States fell nearly 10% in May from a year earlier, straining the economy, as trade talks with Washington were due to start in London. Customs data released Monday showed total exports rose…
China's May exports slow, deflation deepens as tariffs bite
China's export growth slowed to a three-month low in May as U.S. tariffs slammed shipments, while factory-gate deflation deepened to its worst level in two years, heaping pressure on the world's second-largest economy on both the domestic and external fronts.
China's exports slow in May
China's export growth slowed to a three-month low in May as US tariffs slammed shipments, while factory-gate deflation deepened to its worst level in two years, heaping pressure on the world's second-largest economy on both the domestic and external fronts.
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