US EditionChina’s July exports top expectations, rising over 7%; imports record biggest jump in a year
CHINA, AUG 7 – China's exports rose 7.2% and imports 4.1% in July, driven by strong demand outside the US amid a fragile tariff truce set to expire on August 12, 2025.
- On Thursday, China’s customs data showed exports rose 7.2 per cent and imports climbed 4.1 per cent in July, surpassing forecasts.
- Beijing and Washington agreed in Sweden last month to hold further on extending their tariff truce, which is due to end on August 12, allowing duties to potentially snap back.
- Shipments to the European Union, South-east Asia, Australia and Hong Kong drove July exports, offsetting a 22 per cent decline in US shipments, data shows.
- A trade surplus of US$98.2 billion in July suggests China’s annual trade could surpass US$1 trillion if trends persist.
- Export growth may slow in coming months as front-loading of exports fades, warns Zhiwei Zhang, president and chief economist at Pinpoint Asset Management.
51 Articles
51 Articles
China's exports in July totaled US$ 321,784 million, a figure that represents an annual advance of 7.2%, above 5.8% in June and the highest from 8.1% last April, according to data published on Thursday by the Chinese Customs Administration.On its side the total imports of the Asian giant increased by 4.1% year-on-year, to US$ 223,539 million, after the increase of 1.1% last month.Among the main trading partners of the Asian giant, Chinese export…
China’s exports and imports picked up in July, helped by the pause in Trump’s higher tariffs
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Associated Press News
China's exports and imports picked up in July, helped by the pause in Trump's higher tariffs
China has reported its exports surged 7.2% in July from a year earlier while its imports grew at the fastest pace in a year, as businesses rushed to take advantage of a truce in President Donald Trump's trade war with Beijing.
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