China's March Exports Shrugged Off Early Tariffs, But Headwinds Are Intensifying
Source: SeekingAlpha
2025-04-14 05:20:00 ET
Summary
- President Trump’s fentanyl rounds of tariffs did little to dent China's exports in March, with growth beating forecasts once again.
- Exports were up 12.4% year on year from 2.3% YoY in the first two months of the year, significantly higher than forecasts for 4.6% YoY growth.
- Imports, on the other hand, fell to just -4.3% YoY in March, bringing the first-quarter import growth to -7.0% YoY.
- However, several categories already are starting to show the trade war impacts. Next month's bilateral trade data is likely to fall off sharply.
By Lynn Song ...
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China's March Exports Shrugged Off Early Tariffs, But Headwinds Are Intensifying
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