China’s export growth likely slowed to 1.9% y/y in April, sharply down from 12.4% in March (the March export surge was partly due to exporters rushing shipments ahead of Trump’s tariff hikes), as Trump’s new tariffs took effect.
The range of expectations varied from down 3.5% to a rise of 7.0%.The background to this is Trump has raised China tariffs to 145%, China retaliated with tariffs of up to 125% and curbs on some U.S. goods.
Preliminary U.S.-China trade talks are set for this Saturday in Switzerland. Bessent is not too hopeful, saying he is looking for some de-escalation:
"My sense is this will be about de-escalation" This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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