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11 Dec 2024

International Economy

China’s exports surged by 6.7%YoY in November 2024 before the US eyes escalation of a trade war with China (Business Brief No.4104 Full Ed.)

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China’s exports surged by 6.7%YoY in November 2024 before the US eyes escalation of a trade war with China 

  • China’s  attempt to accelerate its shipments to the US is expected to continue through to 2025 before the US hikes its tariffs on Chinese imports, effective probably from mid-2025 onwards.
  • In 2025, China’s exports are projected to grow at a slower rate due to the new round of trade war, with consumer goods being most affected because they are not yet subject to tariffs under Trump 1.0.

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International Economy