China's exports up 4.8% in May as shipments to the US fall nearly 10%
BEIJING (AP) — China's exports rose 4.8% in May from a year earlier, lower than expected as shipments to the United States fell nearly 10%, according to customs figures released Monday.
Imports declined 3.4% year-on-year, leaving a trade surplus of $103.2 billion.
China exported $28.8 billion to the United States in May, while its imports from the U.S. fell 7.4% to $10.8 billion, the report said.
Trade slowed in May after China's global exports jumped 8.1% in April, even after U.S. President Donald Trump struck a deal with Beijing to delay implementation of stiff tariff hikes to allow time for talks.
The next round of U.S.-China talks was due to take place later Monday in Britain.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
16 minutes ago
- Wall Street Journal
Heard on the Street Recap: Musk's xAI Debt Deal
U.S. hiring slowed mildly. The economy added 139,000 jobs in May, down from 147,000 in April, but above the 125,000 roles economists expected. The unemployment rate was steady at 4.2%.
Bloomberg
18 minutes ago
- Bloomberg
German Sovereign Bonds See Largest Japanese Selloff Since 2014
Japanese investors sold the largest amount of German sovereign bonds in a decade in April, the month after fiscal concerns spurred a selloff of the European nation's debt. Net sales totaled ¥1.48 trillion ($10.2 billion), the most since 2014, the latest balance-of-payments data from the Asian nation's Ministry of Finance showed on Monday. That was also the largest among the 12 sovereign bond markets tracked by the ministry, referring to debt securities issued by governments, their agencies and local authorities.
Yahoo
23 minutes ago
- Yahoo
US and China are holding trade talks in London after Trump-Xi phone call
LONDON (AP) — High-level delegations from the United States and China are meeting in London on Monday to try and shore up a fragile truce in a trade dispute that has roiled the global economy, A Chinese delegation led by Vice Premier He Lifeng is due to meet U.S. Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer at an undisclosed location in the city. The talks are due to last at least a day. They follow negotiations in Geneva last month that brought a temporary respite in the trade war. The two countries announced May 12 they had agreed to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession. Since then, the U.S. and China have exchanged angry words over advanced semiconductors that power artificial intelligence, 'rare earths' that are vital to carmakers and other industries, and visas for Chinese students at American universities. President Donald Trump spoke at length with Chinese leader Xi Jinping by phone last Thursday in an attempt to put relations back on track. Trump announced on social media the next day that trade talks would be held on Monday in London. The U.K. government says it is providing the venue and logistics but is not involved in the talks. 'We are a nation that champions free trade and have always been clear that a trade war is in nobody's interests, so we welcome these talks,' the British government said in a statement. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
