Porcelain

China’s exports grew last month, but at a slower pace than in recent months, the country’s customs agency said Monday.

Exports reached $ 321.8 billion in August, an increase of 4.4% compared to the same month last year. That was below a jump of 7.2% in July. Meanwhile, imports totaled $ 219.5 billion, an increase of 1.8%.

China’s great commercial surplus has become a controversial problem with the main commercial partners, including the United States and the European Union. Chinese low -priced imports are a blessing for consumers, but they can lead to job cuts in manufacturing.

In the first eight months of the year, China exported $ 785.3 billion more in goods that imported from other countries, according to monthly customs data.

President Donald Trump has also imposed 30% on additional import tariffs from China since he assumed office earlier this year. He retreated even higher rates after China took reprisals with own import taxes. The two countries are in conversations to try to reach a commercial agreement.

The tariffs of both sides and the possibility that they can be raised again are having an impact on bidirectional trade. Chinese exports to the US. UU. They fell 33% in August to $ 47.3 billion, while their imports from the United States fell 16% to $ 13.4 billion.

Exports to the EU increased 10.4% to $ 46.8 billion, while imports of the 27 members block slightly fell to $ 22.8 billion.

In general, China’s exports grew to the slowest rhythm since the January-February period, when only 2.3%increased. The first two months of the year are reported together to soften the distortions of the long rest of the Lunar New Year.

China’s rare land exports increased monthly to $ 55 million in August, compared to $ 41 million in July, but 25.6% compared to the same month last year.

Rare earth magnets, which can resist high heat, are vital for many products, including washing machines, cars and combat planes.

China dominates the global market to process rare earths, and a repression of its export in April temporarily stopped production in some factories in Europe and the United States and increased the fears of closures in others.

The issue became a focal point of a round of commercial conversations between the United States and China in London in June. China agreed to approve more export permits for rare earths in exchange for US lifting curbs. In the sale of chip and engines design software to China.

End of minimis

President Trump in May too A minimis lagoon ended For imports from China and Hong Kong. The exemption, which was applied to the plots valued at $ 800 or less, had allowed retailers such as Shein and Temu to send low -cost ultra clothes and other goods to US taxes.

However, platforms have found ways of working with tariffs without escape, Wired magazine recently reported. “And it turns out that the elimination of De Minimis has not stopped its general growth: China Latepost publication reported that global sales for Shein and Temu are higher this year compared to 2024.”

The suspension of the minimis lagoon in world exports to the US. UU. It entered into force on August 29.

• Donald Trump
• Porcelain