Earth Science News
TRADE WARS
China exports top forecasts as EU, ASEAN shipments offset US drop
China exports top forecasts as EU, ASEAN shipments offset US drop
By Isabel Kua and Peter Catterall
Beijing (AFP) Aug 7, 2025

China's exports rose more than expected last month, with official data on Thursday showing a jump in shipments to the European Union and other markets offset a drop in those to the United States.

The figures come as Beijing and Washington navigate a shaky trade war truce and will provide a boost to the country's leaders as they look to kickstart an economy beset by weak domestic consumption.

The reading showed that exports jumped 7.2 percent in July, an improvement on the previous month and much better than the 5.6 percent forecast in a survey of economists by Bloomberg.

The report revealed that US-bound goods sank 21.7 percent year-on-year as Donald Trump's levies -- while down from the eye-watering levels initially announced -- kicked in.

However, exports to the European Union jumped 9.2 percent and those to the Association of Southeast Asian nations rose 16.6 percent.

Southeast Asia and China have deeply interwoven supply chains and Washington has long accused Chinese manufacturers of "transshipping" -- having products pass through a country to avoid harsher trade barriers elsewhere.

In another welcome signal for China's leaders, imports -- a key gauge of struggling domestic demand -- jumped 4.1 percent on-year in July, compared with a Bloomberg forecast of a one-percent fall.

Zhiwei Zhang, president and chief economist at Pinpoint Asset Management, said the data showed "exports supported the economy strongly so far this year".

"Export growth may slow in coming months, as the front loading of exports due to US tariffs fades away," he said.

"The big question is how much China's exports will slow and how it would spill over to the rest of the economy," he said.

Beijing has set an official goal of around five percent growth this year.

But it has struggled to maintain a strong economic recovery from the pandemic, as it fights a debt crisis in its massive property sector, chronically low consumption and elevated youth unemployment.

- Further US talks -

Factory output shrank more than expected in July, data showed last week, logging its fourth straight month of contraction in a further sign that trade tensions were hitting the export-dependent economy.

But the economic superpowers are working to reach a deal to lower trade tensions.

The two hammered out a 90-day truce in May, and last month in Stockholm agreed to hold further talks on extending the ceasefire past an August 12 deadline.

That pact has temporarily set fresh US duties on Chinese goods at 30 percent, while Beijing's levies on US products stand at 10 percent.

US Trade Representative Jamieson Greer said following the Stockholm talks that Trump would have the "final say" on any extension of a tariffs truce.

Higher tariffs on dozens of trading partners -- including a blistering 35 percent on Canada -- also came into force Thursday as Trump seeks to reshape global trade to benefit the US economy.

China's dominance in the critical field of rare earths has also been a key point of contention with Washington, and Beijing's recent restrictions on their export have sounded alarm bells at factories in the United States and elsewhere.

Official data showed Thursday that Chinese exports of the elements receded last month from a June spike, though they remained high compared to recent years.

Analysts say China's trade will face significant hurdles in the latter half of the year as uncertainties linger.

"Exports look set to remain under pressure in the near-term," wrote Zichun Huang, China Economist at Capital Economics, in a note Thursday.

And while "import growth surprised in July, this may reflect inventory building for certain commodities rather than a wider pick-up in domestic demand", she added.

Related Links
Global Trade News

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TRADE WARS
Trump's tariffs: What has changed and who is affected
Washington (AFP) Aug 1, 2025
President Donald Trump's administration unveiled a range of new tariffs Thursday due to take effect in one week on most US trading partners. The import levies ranged as high as 41 percent on Syria and included a hike on Canadian imports from the current 25 percent to 35 percent. AFP takes a look at the most recent developments: - Canada - Trump said Thursday the United States would raise tariffs on certain Canadian goods from 25 percent to 35 percent. He had warned of trade conseque ... read more

TRADE WARS
U.N. Security Council condemns Gaza war plans, 'inadequate' aid

Portuguese navy boosts patrols after rare migrant landing

US establishing migrant detention center at base near border

Natural disasters caused $135 bn in economic losses in first half of 2025: Swiss Re

TRADE WARS
Dangerous dreams: Inside internet's 'sleepmaxxing' craze

China's leaders take aim at 'pointless' meetings and 'bureaucratism'

UAF satellite facility to manage massive NASA data surge

All five miners found dead after Chilean mine collapse

TRADE WARS
England faces 'nationally significant' water shortfall

Argentine scientists lead oceanographic expedition in the S. Atlantic

Pacific microstate sells first passports to fund climate action

Cook Islands and US strike deep-sea minerals agreement

TRADE WARS
Body of missing man found on melting glacier after 28 years

Reindeer suffer as Finland swelters in record heatwave

Greenland subglacial lake eruption reshapes surface ice landscape

Turkey's glaciers fall victim to climate change

TRADE WARS
China announces temporary anti-dumping duties on Canadian canola

China says extends probe into beef imports

Israel culls more than 200 crocodiles at West Bank farm

'Human presence': French volunteers protect sheep from wolves

TRADE WARS
Death toll from northwest China floods rises to 13

10 dead, 33 missing in northwest China floods as 'Never seen before' rains lash southern Japan

Thai prosecutors indict 23 over quake skyscraper collapse

Nigeria issues flood alert for over half of its 36 states

TRADE WARS
Sudan's PM in Egypt on first foreign visit

DR Congo-M23 talks taking longer than expected; ICC unseals Libya war crimes warrant

Thousands in besieged Sudan city at 'risk of starvation': WFP

Peacekeepers and Al-Shabaab clash over key Somali town

TRADE WARS
Japan's World Cosplay Summit to escape summer heat in 2027

4,000-year-old teeth record the earliest traces of people chewing psychoactive betel nuts

Changes in diet drove physical evolution in early humans

China says childcare subsidies to 'add new impetus' to economy

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.