Economics
Trump's Trade War Spurs Chinese Export Rush to Beat Tariffs
- China’s imports from U.S. decline for a second straight month
- Proposed higher tariff rates would hit ‘with a thud:’ analyst
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China’s export growth accelerated in October as companies rushed to make shipments before President Donald Trump’s plans to increase tariff rates kick in.
Exports in dollar terms rose 15.6 percent in October from a year earlier, exceeding economists’ estimates for 11.7 percent. Imports surged 21.4 percent, topping forecasts for 14.5 percent. The trade surplus widened to $34 billion.