Overview

• Exports rose 8.3% year over year in September, exceeding projections from Bloomberg and Wind.
• Imports increased 7.4% to $238.1 billion, also beating market expectations.
• China’s total trade reached $4.7 trillion in January through September, up 3.1% from a year earlier.
• Sales to the United States climbed to $34.3 billion in September, up 8.6%, while year-to-date exports to the U.S. are down 16.9% and imports from the U.S. are down 11.6%.
• Media reported a new 100% U.S. tariff announced on Oct. 10 and China has tightened rare-earth export controls, with the tariff’s reported start on Nov. 1 falling after the September data.