China's exports in December up 10.7%, beating estimates as higher U.S. tariffs loom
China's exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office. China's exports are likely to remain strong in the near-term, said Zichun Huang of Capital Economics, as businesses try to “front-run” potentially higher tariffs. Record exports and total trade Officials who briefed reporters in Beijing said the total value of China's imports and exports reached a record 43.85 trillion yuan, up 5% from a year earlier. The report Monday said China's export of mechanical and electrical products increased by almost 9% last year from a year earlier, with growth in exports of “high-end equipment” jumping more than 40%.
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