HONG KONG (AP) — China’s exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office.
Exports rose 10.7% from a year earlier, according to official customs data released Monday. Economists had forecast they would grow about 7%. Imports rose 1% year-on-year. Analysts had expected them to shrink about 1.5%. With exports outpacing imports, China’s trade surplus grew to $104.84 billion.
Here are some highlights from the report.
Higher tariffs on the horizon
Trump has pledged to raise tariffs on Chinese goods and close some loopholes that exporters now
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