Export growth in China slowed in August to the weakest pace since the beginning of the year

The country’s customs agency said on Monday that China’s exports have grown last month, but at a slower pace than they were in recent months.

Exports amounted to $ 321.8 billion in August, an increase of 4.4 % compared to the same month last year. That was from a 7.2 % jump in July. Meanwhile, the total imports reached 219.5 billion dollars, an increase of 1.8 %.

China’s large trade surplus has become a controversial problem with major trading partners including the United States and the European Union. Low -price Chinese imports are a blessing for consumers, but they can lead to manufacturing discounts.

In the first eight months of the year, the monthly customs data showed that there are $ 785.3 billion of goods imported from other countries.

President Donald Trump also imposed 30 % on an additional tariff on imports from China since he took office early this year. He retracted the high tariffs after China took revenge on import taxes on its own. The two countries are holding talks to try to reach a commercial agreement.

The definitions on both sides and the possibility of stirring again have an effect on trade in two directions. Chinese exports to the United States decreased by 33 % in August to 47.3 billion dollars, while its imports from the United States decreased by 16 % to $ 13.4 billion.

Exports to the European Union increased by 10.4 % to 46.8 billion dollars, while imports of 27 -member bloc decreased to 22.8 billion dollars.

In general, China’s exports have grown slowly from January to February, when it rose by only 2.3 %. The first two months of the year were reported together to soften the distortions from the long lunar break.

China’s rare land exports on a monthly basis increased to $ 55 million in August, up from $ 41 million in July, but a decrease of 25.6 % compared to the same month last year.

The rare Earth magnets, which can withstand a high temperature, are vital for many products including washing machines, cars and combat aircraft.

China dominates the global market for rare land processing, and retracted its export in April, temporarily stopped production in some factories in Europe and the United States and raised concerns about the closure of others.

The case became a pivotal point in a round of trade talks between the United States of China in London in June. China has agreed to agree to more export permits for rare land in exchange for US restrictions to sell chips and jet design programs to China.

The end of the minimum

President Trump in May as well End the minimum vulnerability For imports from China and Hong Kong. The exemption-which was applied to the parcel of $ 800 or less-allowed retailers such as Shein and TEMU to charge low-cost high-cost clothes and other tax-exempt commodities.

However, platforms have since found ways to work around us tariff without a gap, WIRED recently reported. And it turned out that the elimination of De Minimis did not stop their general growth: the Chinese post late I mentioned These global sales for Shein and TEMU above this year compared to 2024. “

A comment From the minimum exports all over the world to the United States, it entered into force on August 29.