Overview

• Exports rose 5.8% year-on-year in June, outpacing forecasts for a 5% gain
• Imports grew 1.1% from a year earlier, marking the first monthly increase in 2025
• Exporters front-loaded shipments in March and April to preempt US tariffs and have expanded sales in Southeast Asian and European markets
• Wang Lingjun, deputy chief of the Chinese customs authority, described the Geneva agreement and London framework as “hard-won” and said implementation is accelerating
• Negotiators are targeting an Aug. 12 deadline to secure a lasting trade deal under the current tariff truce