Chinese exports soar despite US tariffs

Chinese exports soared in April – defying analysts’ forecasts after the
introduction of wide-ranging U.S. tariffs – putting pressure on the U.S.
ahead of trade negotiations starting on May 10 in Geneva


EXPORTS: Up 8.1%* 

Exports to U.S. down 21%
U.S. tariffs up to 145%


IMPORTS: Down 0.2% 

U.S. imports down 14%
Tariff on U.S. goods 125%

*Year-on-year


CHINESE EXPORTS 	U.S.$ billions
300
250
200
150
100
2020
2021 2022 2023 2024 2025


		Apr 2020	2021	2022	2023	2024	2025
Total exports	$199.5bn	263.1	269.0	288.1	291.9	315.7	+8.1%
U.S.		$32.1bn		42.1	46.0	41.9	41.8	33.0	-21%
EU		$32.2bn		39.9	43.1	44.1	43.2	46.7	+8.1%
ASEAN		$28.9bn		41.1	44.2	44.3	49.9	60.4	+21%


Sources: Bloomberg, Financial Times 
Picture: Getty Images
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