China’s exports slowed in April as Trump’s tariffs kicked in
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China’s exports slowed in April as Trump’s tariffs kicked in
China’s export growth fell in April after Donald Trump’s triple-digit tariffs took effect, in another sign of the damage the US president’s trade war is causing the world’s two largest economies as they prepare for de-escalation talks.Outbound shipments grew by 8.1% in US dollar terms last month, according to customs data released on Friday, compared to growth of of 12.4% in March, when businesses rushed to get their orders shipped before the sky-high tariffs took effect.The export figures, though stronger than economists’ expectations, add to a slew of economic data pointing to the significant toll the ongoing trade war is ..