Chinese exports to the United States have at least temporarily defied forecasts they would weaken after being hit by punitive tariffs of up to 25 percent in a fight over American complaints about Beijing's technology policy.
"Exports continued to defy U.S. tariffs last month but imports struggled in the face of cooling domestic demand," said Julian Evans-Pritchard of Capital Economics in a report. "We expect both to soften in the coming quarters."
September marked the second straight record Chinese monthly trade surplus with the United States after August's $31 billion.
"Exports continued to defy U.S. tariffs last month but imports struggled in the face of cooling domestic demand," said Julian Evans-Pritchard of Capital Economics in a report. "We expect both to soften in the coming quarters."
September marked the second straight record Chinese monthly trade surplus with the United States after August's $31 billion.