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China’s exports beat expectations in June, while imports rebound for the first time this year
China’s exports beat expectations in June as businesses continued to rush out shipments to capitalize on a temporary tariff reprieve ahead of an August deadline. Exports jumped 5.8% in June in U.S. dollar terms from a year earlier, customs data showed Monday, exceeding Reuters’ poll estimates of a 5% jump. Imports rose 1.196 from a year earlier. While missing economists’ expectations of a 1.3 % rise, that marked the first time that imports have grown this year, reversing the trend of declining imports this year amid sluggish domestic demand. U.S. President Donald Trump’s tariff policies have prompted Chinese ... (full story)