China’s exports in December surged by 10.7%, surpassing forecasts of a 7% growth, as factories intensified production to meet rising orders. This growth comes amid looming concerns over potential trade tariffs under U.S. President-elect Donald Trump, who has signaled plans to impose new tariffs on Chinese goods.
Imports also outperformed expectations, rising by 1%, in contrast to the anticipated 1.5% decline. This positive surprise in both exports and imports suggests resilience in China’s trade activities, despite the uncertain global economic environment.
Trump’s trade agenda includes a proposed 10% tariff on Chinese imports and efforts to close loopholes currently utilized by exporters to lower their prices in the U.S. If implemented, these measures could drive up costs for American consumers while placing additional pressure on Chinese exporters’ profit margins and sales.
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