China’s exports won expectations in June, while imports rise

China’s exports won expectations in June, when companies continued to rush shipments to take advantage of a temporary tariff before the deadline in August.

Exports jumped by 5.8 % in June in the US dollar of the previous year, Customs data showed twoReuters survey estimates of jumping by 5 %.

Imports increased by 1.1 % from the previous year. While the expectations of the missing economists an increase of 1.3 %, this represents the first time that imports have grown this year, which leads to the reversal of the direction of low imports this year amid slow domestic demand.

In the first half of this year, Chinese exports jumped by 5.9 % from the previous year, while imports fell by 3.9 %, Customs data showedWith a trade surplus of 585.96 billion dollars – about 35 % of A year ago.

US President Donald Trump’s tariff policies prompted Chinese exporters to accelerate efforts to diversify alternative markets. In April and May, China’s exports seemed flexible, 8.1 % jump and 4.8 % on an annual basis, respectivelyWith the rise in shipments to Southeast and European countries in the European Union countries, instead of declines in the goods related to the United States.

Trump A 145 % exorbitant tariff for Chinese goods She entered shortly in April, with Beijing’s revenge for three -numbers and other punitive measures, such as export control over critical metals.

The initial trade truce that the two sides shocked in Switzerland was on May 12-which led them to drop the majority of definitions for about 90 days, as the United States accused China slowly walking on its pledge of alleviating the restrictions imposed on rare Earth exports.

The relations between the largest economists in the world were In the reform two days after the meeting in London Last month, both sides reached a framework to implement the consensus. Beijing agreed to resume rare land shipments, while Washington offered to reduce some export restrictions on ethan, chips design and jet engine components.

Both sides work towards a deadline on August 12 to reach a permanent deal.

Wang Linggon, Vice -Chairman of the Chinese Customs Authority, told a press conference on Monday that the Geneva Convention and the London Framework were “obtained” and that both sides were accelerating to implement the agreed conditions.

US Secretary of State Marco Rubio said last week that he had “Building and practical” Speaking with Chinese Foreign Minister Wang Yi and Trump meeting possibilities Chinese President Xi Jinping was high.

Wang also emphasized that both countries should be Consult By their leaders with concrete policies and actions.

China is scheduled to export its total growth in the second quarter of GDP on Tuesday, as economists were surveyed by Reuters growth by 5.1 %, and slowed out of expansion by 5.4 % in the first quarter.

This is urgent news. Please update for updates.