Now targeted by customs duties of 145% on the other side of the Pacific, China saw its exports progress last month.
An anticipation effect before the monumental customs duties of Donald Trump? China exports to the United States increased by around 9% in March over a year, according to figures published on Monday, April 14 by Chinese customs on Monday, on the backdrop of aggravation of trade tensions with Washington. Chinese exporters have sent $ 40.1 billion in goods there. After an overbidding of customs duties between the first two world powers, the Trump administration now imposes taxes reaching 145% on most incoming Chinese products in the United States.
In general, Chinese exports jumped in March 12.4% over a year. This figure largely exceeds the forecasts of economists questioned by the Bloomberg agency (+4.6%) to reach a total of $ 313 billion, according to Chinese customs.
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A goal of “around 5%” of growth for 2025
Chinese imports at the same time dropped by 4.3% in March over a year, reflecting an internal consumption still gloomy. The second world economy faces a persistent real estate crisis and a confidence at half mast of households weighing on consumption.
These internal difficulties were previously palliated by vigorous exports, which are now strongly penalized by the worsening of trade tensions with Washington. In this context, the Staff hopes to make internal consumption one of the new engine engines, making it possible to achieve the ambitious objective “About 5%” growth set for 2025.
