US Treasury secretary Steven Mnuchin with People's Bank of China governor Yi Gang in Japan. Photo: Bloomberg
US Treasury secretary Steven Mnuchin with People's Bank of China governor Yi Gang in Japan. Photo: Bloomberg

China’s exports rise in May but US trade war will still hurt in the long run, analysts warn

  • Exports unexpectedly rose 1.1 per cent in May against an expected drop of 3.9 per cent, although imports fell 8.5 per cent
  • US President Donald Trump increased tariffs on US$200 billion of Chinese imports from 10 per cent to 25 per cent on May 10

US Treasury secretary Steven Mnuchin with People's Bank of China governor Yi Gang in Japan. Photo: Bloomberg
US Treasury secretary Steven Mnuchin with People's Bank of China governor Yi Gang in Japan. Photo: Bloomberg
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