Even though Washington and Beijing have clashed several times this year, China’s economy has stayed chiefly stable. Data released Thursday showed that while the country’s imports expanded at the quickest rate in a year, its exports increased 7.2% in July compared to the same month last year.
After both parties agreed to lower tariffs until August 12 temporarily, businesses hurried to capitalize on a respite in President Donald Trump’s trade conflict with Beijing. Previously, the United States had imposed a 145% duty on Chinese exports. However, analysts noted that given exports were sluggish in July 2024, the recovery was especially promising.
By the end of July, China’s worldwide trade surplus for 2025 had increased to $683.5 billion, or around €586 billion, which was over a third more than the surplus for the same time previous year. According to the figures, China’s July surplus was €84.3 billion, and its exports to the US were €20.3 billion more than its imports of US products.
Exports appear to be under pressure going forward, as the short-term increase in demand brought about by the US-China trade truce is already diminishing and levies on shipments that are rerouted via other nations are increasing, according to a report by Zichun Huang of Capital Economics.
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