Overview
- China's exports grew 8.1% year-on-year in April, reaching $315.69 billion, surpassing forecasts of a 1.9% increase.
- Imports contracted by 0.2%, a smaller decline than the 5.9% drop economists had anticipated.
- The trade surplus narrowed to $96.18 billion in April, down from $102.64 billion in March.
- Exports to the United States fell significantly by 21%, reflecting the impact of reciprocal tariffs imposed in early April.
- Trade negotiators from China and the US are meeting in Switzerland this weekend to discuss de-escalation of the tariff conflict.