China’s Exports Jump 12.4% in March as Tariff Hikes Loom – RVBusiness – Breaking RV Industry News
BANGKOK — China’s exports jumped 12.4% in March from a year earlier in a last-minute flurry of activity as companies rushed to beat increases in U.S. tariffs imposed by U.S. President Donald Trump, and analysts forecast sharp setbacks ahead, according to an Associated Press report.
Imports fell 4.3% to $211.3 billion in March, the customs administration reported, far exceeded by exports worth $313.9 billion, leaving a trade surplus of $102.6 billion.
“But shipments are set to drop back over the coming months and quarters,” Julian Evans-Pritchard of Capital Economics said in a report. “We think it could be years before Chinese exports regain current levels.”
China’s trade surplus surged to a record $992.2 billion in 2024 and its exports climbed 5.4%, helping to make up for sluggish growth at home as the country slowly recovers from a crisis in its property market and lingering impacts of the COVID-19 pandemic.
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