China exports rise, but falling imports dampen June trade data

Quick Summary:

Data suggests manufacturers may be front-loading orders in anticipation of tariffs from more places.

Brussels last week confirmed it would impose tariffs on EVs as well, but only up to 37.6 per cent.

Analysts expect China to roll out more policy support measures in the short term, and a government pledge to boost fiscal stimulus is seen helping kick domestic consumption into a higher gear.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCanadaChinaIndiaIndonesiaSaudi ArabiaTurkeyUnited States

Topics: China’s Manufacturers Billion Tariffs Cent Trade Data Exports Imports Chinese Impose

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-12 @ 12:39:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 515 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21581452

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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