Trade data shows China’s exports topped forecasts in November, driven by a surge in shipments to non-US markets

Today’s trade data also shows China’s exports to the European Union grew an annual rate of 14.8% last month.

That could intensify concerns within Europe that China is dumping products in their markets, to avoid tariffs at the US border.

“I told them that if they don’t react, we Europeans will be forced to take strong measures in the coming months,”

November exports to the US were down -28.6% YoY, a three-month low, bringing the year-to-date growth to -18.9% YoY. It’s likely that November exports have yet to fully reflect the tariff cut, which should feed through in the coming months.

Also, the frontloading effect as US importers ramped up purchases ahead of tariffs will act as a headwind on trade in the coming months. Instead of the US, the beat in November’s data came from an acceleration of exports to the EU

Trade data shows China’s exports topped forecasts in November, driven by a surge in shipments to non-US markets

Today’s trade data also shows China’s exports to the European Union grew an annual rate of 14.8% last month.

That could intensify concerns within Europe that China is dumping products in their markets, to avoid tariffs at the US border.

“I told them that if they don’t react, we Europeans will be forced to take strong measures in the coming months,”

November exports to the US were down -28.6% YoY, a three-month low, bringing the year-to-date growth to -18.9% YoY. It’s likely that November exports have yet to fully reflect the tariff cut, which should feed through in the coming months.

Also, the frontloading effect as US importers ramped up purchases ahead of tariffs will act as a headwind on trade in the coming months. Instead of the US, the beat in November’s data came from an acceleration of exports to the EU

Trade data shows China’s exports topped forecasts in November, driven by a surge in shipments to non-US markets

Today’s trade data also shows China’s exports to the European Union grew an annual rate of 14.8% last month.

That could intensify concerns within Europe that China is dumping products in their markets, to avoid tariffs at the US border.

“I told them that if they don’t react, we Europeans will be forced to take strong measures in the coming months,”

November exports to the US were down -28.6% YoY, a three-month low, bringing the year-to-date growth to -18.9% YoY. It’s likely that November exports have yet to fully reflect the tariff cut, which should feed through in the coming months.

Also, the frontloading effect as US importers ramped up purchases ahead of tariffs will act as a headwind on trade in the coming months. Instead of the US, the beat in November’s data came from an acceleration of exports to the EU