China’s exports surged last month in a sign of a rush to dispatch shipments before Donald Trump’s “liberation day” tariffs triggered a full-blown trade war between the world’s two largest economies.
Exports rose 12.4 per cent in US dollar terms in March on a year earlier, figures from China’s customs administration showed on Monday, well above expectations and the biggest rise since October. Imports fell 4.3 per cent.
Trump’s administration had already imposed additional tariffs of 20 per cent on China in March, before a dramatic tit-for-tat escalation that drove levies well above 100 per cent on each other’s goods.
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