Chinese trade data shows problems as Trump prepares White House comeback
Latest trade numbers from China show weaker-than-expected performance in exports and imports. Economic data raises questions about recovery as country faces new trade-related challenges from US
Chinaʼs trade performance took an unexpected down-turn last month with exports growth dropping to just 6‚7% (compared to last months 12‚7%). The import sector showed even more concerning results — a drop of 3‚9% which nobody really expected
The trade situation gets more complex as Donald Trump prepares for his White House return. His plans include a new 10% tax on Chinese products (which could affect trade worth over $400-billion per-year) and demands about fentanyl-related issues
Beijingʼs economic team faces a multi-sided challenge: property-market problems domestic demand issues and now fresh trade risks. The government already started taking action — in early-fall they put out a big money-support package worth 1-trillion yuan
- Export companies rushing to move goods to US storage
- Trade surplus growing to $97‚44-billion
- Raw materials import volumes going up despite price changes
- Manufacturing showing better results but export orders declining
The policy-makers are now looking at different ways to fix things. Theyʼve changed their approach to money-rules and spending plans for twenty-five: “The global market isnt super-strong right now and we see slowdowns in other Asian export countries too“ [[noted by economic expert Xu Tianchen]]
European Union talks about putting big taxes on Chinese electric cars (up to 45‚3%) which could start another trade problem. Meanwhile Chinese leaders dont want to depend too much on selling stuff abroad — they want people at home to buy more things
