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China's exports sank through Trump's tariffs in April
China's exports only grow by 8.1%in April because Trump's high tariffs come into force. The trade talks between the USA and China are imminent while the economic situation remains tense.
China's exports sank through Trump's tariffs in April
Hong Kong - The growth rate of China's exports dropped in April after Donald Trump's three -digit tariffs came into force. This again shows the harmful effects that the US President's trade conflict has on the two largest economies in the world while preparing for discussions for de-escalation.
export figures and decline in trading activities
Last month, the export numbers in US dollars rose by $ 8.1%, according to Zolldaten , which were published on Friday. In comparison, growth in March was still 12.4%when many companies sent their orders before the high tariffs come into force. The exports of Chinas to the USA 2.5% in April, while imports from the USA decreased by 4.7%.
economic effects of the trade crisis
The current trade figures, although not as dramatic as economists expect, increase the concern about the serious economic consequences that the Commercial war already has for both the Chinese and the US economy. Last week, official data showed that industrial activity in China in April has decreased with the fastest rate for 16 months, which increases the pressure on Beijing to create fresh economic incentives. In the United States, the economy recorded a decline in the first quarter, the first contraction in three years, when companies were hoarding to prepare for the "liberation day" tariffs that came into force in April.
conversations on the de -escalation of the trade conflict
The alarming numbers illustrate the urgency of the upcoming discussions this week when the leading trade officials Trump meets in Geneva, Switzerland, with their Chinese colleagues to discuss possible ways to de -escalation the customs war. The United States has raised at least 145% to most Chinese imports, while China reacted to most US imports with an inch of 125%. As a result of these measures, the trade between the two pages Like experts from the logistics sector reports.
price increases and upcoming bottlenecks
The ships that are now entering in US ports from China are the first that are affected by the new tariffs that raise America on most Chinese imports. This means that consumers have to expect higher prices and bottlenecks for certain products in a few weeks.
protests against tariffs and human rights issues
US finance minister Scott Bessent, who will be in Geneva together with trade officer Jamieson Greer, has damped the hopes for a deal and only indicated that he is hoping for a "de-escalation". On Wednesday, Trump said that he would not lower the high tariffs in China before the talks, which Beijing had previously mentioned as a condition for negotiations. The President also emphasized that he wanted to address the case of the detained media magnate Jimmy Lai from Hong Kong "as part of the negotiations". Lai, a controversial former publisher, whose now closed boulevard newspaper Apple Daily was a constant wound for Beijing, is in the middle of a national security process that could bring him into prison for life.
This story continues to develop and is updated.