The decline was a surprise, with analysts having expected a 3 per cent increase in exports, according to a Bloomberg survey. Photo: AP
China’s exports suffer surprise fall in April amid heightened trade war tensions with United States
- Exports dropped by 2.7 per cent in April, countering a 14.2 per cent rise in March and an economic growth rate of 6.4 per cent in the first quarter of 2019
- US President Donald Trump announced on Sunday that the 10 per cent levy on US$200 billion of Chinese goods would increase to 25 per cent this week
Topic |
China economy
The decline was a surprise, with analysts having expected a 3 per cent increase in exports, according to a Bloomberg survey. Photo: AP
Chinese Vice Premier Liu He (right) is still set to visit Washington this week for further trade talks with US Treasury Secretary Steven Mnuchin (centre) and US trade representative Robert Lighthizer. Photo: AFP
Donald Trump’s 25 per cent tariffs may be the difference between life and death for some US companies
- US president sent shock waves through global markets when he announced the 10 per cent levy on US$200 billion of Chinese goods would increase to 25 per cent
- Trade representative Robert Lighthizer set to kick in tariffs on Friday after the US accused China of reneging on some of its commitments during recent talks
Topic |
US-China trade war
Chinese Vice Premier Liu He (right) is still set to visit Washington this week for further trade talks with US Treasury Secretary Steven Mnuchin (centre) and US trade representative Robert Lighthizer. Photo: AFP