China’s Exports Surge Amid Tariff Threats from Trump
China’s exports rose 10.7% in December, exceeding forecasts, as businesses rushed to fill orders before potential U.S. tariffs under President-elect Donald Trump. Imports increased 1%, leading to a record trade surplus of $104.84 billion.
In 2023, China’s total trade hit nearly $6 trillion, driven by strong exports of high-tech products like electric vehicles and industrial robots. However, imports lagged, partly due to lower commodity prices and trade restrictions from countries like the U.S.
Officials emphasized China’s growing trade with “Belt and Road” countries and its commitment to eliminating tariffs for the poorest nations. Critics argue China’s export boom reflects domestic overcapacity, a claim Beijing rejects, citing innovation and industrial upgrades as key drivers of growth.