China’s Export And Import Activity Rebounds In June As Trump’s Tariff Deadline Nears

<p>China&rsquo;s trade performance showed signs of resilience in June, with both exports and imports recording modest gains ahead of a critical August deadline for concluding trade negotiations with the United States. The improved figures come as exporters accelerate shipments under the current temporary trade truce between Beijing and Washington.</p>
<p>According to official data released on July 14, outbound shipments rose by 5.8 per cent year-on-year, reported Reuters. Imports also reversed their previous decline, climbing by 1.1 per cent after falling 3.4 per cent in May.</p>
<p>These figures suggested a short-term recovery in trade activity following a slower performance in May, when export growth dipped to 4.8 per cent after strong results in March and April. The earlier surge had been driven largely by front-loading strategies in anticipation of rising tariffs, but those effects appeared to have faded by late spring.</p>
<h2><strong>Fragile Truce and Widening Global Trade Pressures</strong></h2>
<p>Trade tensions between the world&rsquo;s two largest economies appeared to stabilise briefly in June, following renewed discussions in Geneva that helped re-establish a tentative ceasefire. However, uncertainties persist. US President Donald Trump&rsquo;s broader global tariff strategy continues to pose indirect risks to Chinese exporters.</p>
<p>A recent decision by the US to impose a 40 per cent tariff on goods transhipped through Vietnam&mdash;a common rerouting hub for Chinese products&mdash;could hamper efforts by Chinese manufacturers to sidestep direct duties. Moreover, Trump&rsquo;s warning of a potential 10 per cent levy on imports from BRICS countries, including China, adds further pressure.</p>
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<h2><strong>Trade Surplus Hits $114.7 Billion as EU Tensions Grow</strong></h2>
<p>China&rsquo;s trade surplus widened to $114.7 billion in June, up from $103.22 billion the previous month, driven by stronger exports. Yet, external pressures are mounting beyond the US.</p>
<p>Relations with the European Union have grown more strained in recent weeks, with Brussels accusing Beijing of oversupplying the global market and indirectly supporting Russia&rsquo;s economy. These criticisms come just ahead of a major EU-China summit scheduled later this month.</p>
<p>With an August 12 deadline set for resolving trade tensions with the White House, China faces growing urgency to secure a stable agreement amid a complicated and shifting global trade landscape.</p>