China's exports surge as shipments to Southeast Asian countries offset plunge in U.S. trade
Source: CNBC
China's exports surged in April on the back of a jump in shipments to Southeast Asian countries, offsetting a sharp drop in outbound goods to the U.S. as prohibitive tariffs kicked in.
Exports jumped 8.1% last month in U.S. dollar terms from a year earlier, according to data released by customs authority on Friday, sharply beating Reuters' poll estimates of a 1.9% rise.
Imports slumped by just 0.2% in April from a year earlier, compared with economists' expectations of a 5.9% drop.
China's shipments to the U.S. plunged over 21% in April year on year, while imports dropped nearly 14%, according to CNBC's calculation of official customs data. Chinese U.S.-bound shipments had risen 9.1% in March, as exporters rushed to frontload orders ahead of tariff hikes.
Read more: https://www.cnbc.com/amp/2025/05/09/chinas-exports-jump-us-tariffs-imports-tumble.html
Looks like the US shot itself in the foot.

travelingthrulife
(2,404 posts)Lovie777
(18,643 posts)the USA citizens are the bearers of the fallout.
eppur_se_muova
(39,064 posts)Also, it was faster than expected.
EX500rider
(11,852 posts)republianmushroom
(20,020 posts)One trillion is saving, as per the trump government. Long ways to go still.
republianmushroom
(20,020 posts)Canada Kid
(158 posts)Good on the Chinese! They aren't going to sit around a get jerked about by the Orange Fuckface! They will ship their stuff to markets willing to do business, and the US can go to hell. Now when we need things...we will be at the back of the line, if we are even allowed to be in the line. Way to go you Republican Scumbags!! Go suck a MAGA!