China’s overall trade surplus was US$45.06 billion in July, down from US$50.98 billion in June. This was ahead of the median poll by Bloomberg, which had predicted a balance of US$42.65 billion. Photo: EPA

China’s exports post surprise growth in July despite dramatic escalation in US trade war

  • Exports grew by 3.3 per cent year-on-year in July, two full months after US President Donald Trump ratcheted up trade war tariffs on US$200 billion of Chinese goods
  • The data marks the anniversary of the US-China trade war, but does not factor in the latest threat of a 10 per cent tariff on US$300 billion of Chinese goods
Topic |   US-China trade war

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China’s overall trade surplus was US$45.06 billion in July, down from US$50.98 billion in June. This was ahead of the median poll by Bloomberg, which had predicted a balance of US$42.65 billion. Photo: EPA
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Finbarr Bermingham

Finbarr Bermingham

Finbarr Bermingham has been reporting on Asian trade since 2014. Prior to this, he covered global trade and economics in London. He joined the Post in 2018, before which he was Asia Editor at Global Trade Review and Trade Correspondent for the International Business Times.