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2d ago

China’s Export Growth Cools to Six-Month Low as U.S. Orders Plunge 33%

The fading boost from front‑loaded shipments under a temporary tariff truce is pushing Beijing to consider fiscal support.

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This picture shows an aerial view of shipping containers stacked at a port in Qingdao, in eastern China's Shandong province on September 4, 2025.
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Overview

  • Outbound shipments rose 4.4% year on year in August, the weakest pace since February and below economist forecasts.
  • Imports increased just 1.3%, underscoring soft domestic demand and leaving a trade surplus of $102.3 billion.
  • Exports to the United States tumbled about 33% from a year earlier, reflecting sustained tariff pressure and weaker U.S. demand.
  • Chinese exporters continued to diversify sales, with shipments to ASEAN up 22.5%, to the European Union up about 10%, and to Africa up roughly 26%.
  • Washington and Beijing extended a 90-day tariff truce on Aug. 11, keeping U.S. levies at 30% and China’s at 10% through November as analysts watch for possible fourth-quarter fiscal support.