China says ‘sky won’t fall’ as exports surge ahead of Donald Trump’s tariffs

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Donald Trump’s “Liberation Day” Customs has grown on the mark of shipping last month before China’s exports of the two largest economies in the world’s two largest economies.

Exports in the US dollar in March a year ago increased by 12.4 percent, its statistics ChinaThe Customs Administration showed on Monday that the expectations were quite above and the biggest growth since October. Imports decreased by 5.7 percent.

Trump’s administration has already imposed 20 percent additional tariffs on China in March, dramatically before the tight-for-tat growth, which operates more than 100 percent on each other’s products.

As a result of increasing trade war, the international market, the global boardrooms and shipyards are shaken, which have been damaged Cancel the orderThe

Washington tried to alleviate Beijing last week as he raised in China “mutual” tariff on its other trade partners, which ramps themselves on Friday 125 percent of the measurementThe

Was in the global stock Monday set on the rebound After the dramatic sales article last week, the indicators in China, Hong Kong and Japan are growing and the US and the European market points to profit after the day after day after the future.

According to the state media, China’s customs administration spokesman Lu Daliang said on Monday, “The sky will not fall.” He pointed to “huge” domestic demands and revisited an official comment that emphasized the country’s elasticity.

China’s economy has relied largely on exports to support growth in the last one year between the recession of a property sector and weak domestic use, which is fighting to recover Beijing. Last week, the government rushed to support the domestic stock market.

Friday, the United States said that Levis would be exempted on some semiconductor and chipmeting equipment as well as other consumer electronics, but Trump said Sunday, Sunday said on Sunday Recovery will only be temporaryThe

Talking to reporters at the Air Force One on Sunday night, Trump said he and his party would “talk to companies” and without specific “there would be” flexibility for some products “.

As the March Data Jump in export, economists expect a different environment in the latter months in the light of trade war. Goldman Shutches cut off its original GDP growth for China last week by 4 percent, saying “acute exports to the United States”, from 5 percent to 5 percent.

“We think that the current level of Chinese export may be a few years before the current level of export,” the head of the capital economy, Chinese economist Julian Evans-Proved said “there are already signs of shipment through third countries”.

Exports to the United States in March have increased by 4.5 percent. However, they have grown more intensely in Southeast Asia, which has grown 17 percent and 18 percent to Thailand in Vietnam. Both were targeted for high level tariffs in the United States, which has been paused since then.

China’s trade surplus in the United States, which Trump repeatedly referred to as a fair tariff, was $ 76.6 billion in the first quarter.

Chinese leader Xi Jinping is visiting VietnamThis week, Malaysia and Cambodia, where he wanted to strengthen the relationship and warned that trade wars were “no winner”. Last week, Shi had organized Spanish Prime Minister Pedro Sanchez in Beijing in the first significant diplomatic battle since the increase in tariffs.

Arjun Blue Alim in Hong Kong and William Sandlund and Wang Zukiao’s Additional Report in Shanghai