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
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US-China trade war
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