China’s exports to the United States tumbled in April while its trade with other economies surged, suggesting that President Donald Trump's tariffs offensive is hastening a shakeup in global supply chains. Total exports from China rose 8.1% last month from a year earlier, much faster than the 2% pace most economists had been expecting. Shipments to the U.S. sank 21% in dollar terms as Trump’s tariffs on most Chinese exports rose to as high as 145%. With Chinese tariffs on U.S. goods at 125%, business between the two biggest economies has grown increasingly uncertain.
I’m being dumb, but so many of the figures in this seem contradictory. Was it less growth than expected or more than expected?
There was more growth than expected but less growth than March.
So the economists are morons then. “Surely China will collapse after a double digit increase in exports.”
I’m probably also dumb, but this seems confusingly written to me. Does ”exports from China” mean exports from China to the US or the other way around?
There is month to month volatility, but overall trend is towards higher than expected growth.