Exports climbed 7.2% in July in U.S. dollar terms from a year earlier, exceeding Reuters-polled economists’ estimates of a 5.4% rise.
On a year-to-date basis, China’s overall exports jumped 6.1% from a year earlier, while imports fell 2.7%.
July’s export declines were largely offset by shipments diverted to alternative markets such as Southeast Asia, which increased 16.6%, while imports fell 5.8% from a year earlier. China’s exports to the European Union also rose 9.2% while imports fell 1.6%.
World: Global climate. Hot. Temperature. Bad!
Also world: Let’s buy 7% more useless shit than last year, yeah!
I’d bet a lot of this is people moving supply chains away from the USA which has proven an unstable trading partner. That and the drop in the US dollar.
At some point his tariffs which are distractions from Epstein, will have no effect anymore, once the rest of the world moves enough of their supply chain away from the us