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America One News
7 Nov 2024
#economy
The Telegraph: China scrambles to export goods ahead of Trump tariffs - latest updates
In October, China's exports surged 12.7% year-over-year, the highest growth in over two years, as companies rushed to ship goods before potential tariffs from a Trump presidency take effect. Exports to the US rose by 8.1%, while shipments to Europe increased by 12.7%.
Economists predict continued strong exports in the coming months, driven by fears of impending tariffs. However, China's imports fell by 2.3%, marking the first decline in four months.