Chinese exports rise, despite trade war

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China’s export is increasing, despite the trade war with the US. Since the ‘Liberation Day’ on which Donald Trump imposed the world import duties, the export of Chinese goods increased by 8.1 percent compared to a year before. That reports the Financial Times.

Chinese exports to the US fell by 21 percent in April, but that was more than compensated by extra trade with countries in Southeast Asia, the Middle East and Europe. Although China’s export growth was even higher last March (+12 percent), that was a temporary effect because buyers tried to be ahead of the rates.

This weekend, the expectation is, America and China are starting the first exploratory negotiations to break the impasse. The US and the United Kingdom announced a trading deal on Thursday – without a signature – which would result in lower import duties on British cars and steel and aluminum. A general levy of 10 percent on all goods that are shipped from the UK to the US is not off the table.

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