How did US tariffs impact China’s latest trade numbers? | Forexlive

In overall terms, the numbers here were much better than expected as China exports in particular held up. However, the devil is always in the details. China’s exports to the US actually fell by nearly 18% on the month from March to April. So, what gives?

It is basically this: How China has been preparing itself ahead of this tariffs eventuality with the US

China is pretty much just rerouting goods by origin washing as exports to Vietnam especially surged on the month.

The good news for the US is that perhaps this might even just be a temporary thing. After speaking to US retailers last week, Trump looks to have given some assurance of sorts as we’re starting to even see a pick up in China container ships leaving for the US now: