financetom
Economy
financetom
/
Economy
/
China export growth seen slowing in August as US trade truce boost fades: Reuters poll
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China export growth seen slowing in August as US trade truce boost fades: Reuters poll
Sep 4, 2025 10:52 PM

BEIJING (Reuters) - China's export growth probably slowed in August, weighed down by weaker shipments to the U.S. as a temporary boost from Beijing's tariff truce with its top consumer market fades.

The threat of higher U.S. duties on Chinese goods rerouted via other markets and a high base of comparison from last August were also expected to produce a more modest expansion than the previous month.

Outbound shipments were expected to have risen 5.0% in value terms year-on-year, according to the median forecast of 23 economists in a Reuters poll, down from a forecast-beating 7.2% increase in July.

Imports likely grew 3.0%, down from 4.1% a month prior, as a persistent property sector downturn, rising job insecurity, and the tapering of consumer-focused stimulus keep domestic demand in the doldrums. The data will be released on Monday.

U.S. President Donald Trump's erratic trade policy - marked by multiple rounds of tit-for-tat tariff hikes with Beijing and other forms of trade restrictions - has heaped pressure on China's export-oriented economy, posing a serious test to its long-standing growth model.

The world's two largest economies on August 11 agreed to extend their tariff truce for another 90 days, locking in place U.S. levies of 30% on Chinese imports and 10% Chinese duties on U.S. goods, but they appear to be struggling to chart a path beyond the current pause.

Once Trump's tariffs top 35%, they become prohibitively high for Chinese exporters, economists warn.

A visit by senior Chinese trade negotiator Li Chenggang to Washington late last month yielded little of substance.

Meanwhile, China container ship departures for the U.S. continued to fall. They were down an annual 24.9% in the 15 days ending September 3, compared with a 12.4% drop a week earlier, according to data from Citi.

Chinese producers are trying to export more to markets in Asia, Africa and Latin America to offset the impact of Trump's tariffs, but no other country comes even close to U.S. consumption power, which once absorbed over $400 billion of Chinese goods annually.

And with Trump in July threatening a 40% penalty tariff on goods deemed transshipped to the U.S. to evade his earlier levies, Chinese factory owners can no longer find buyers that way. One exporter said the scramble to fill order books elsewhere has descended into a "mad rat race."

China's August trade surplus is forecast to edge up to $99.20 billion, from $98.24 billion in June, but still well below June's $114.7 billion.

Analysts are watching to see whether officials will roll out additional fiscal support in the fourth quarter to spur domestic demand and offset weakening exports.

But policymakers seem to be exercising tighter control over their flagship 'cash-for-clunkers' programme and did not rush replenish funds after several local governments recently ran through the allocation set aside for the scheme.

Last month's acceleration in headline export growth was down to base effects, economists said, a luxury not afforded to the figure due to be released next week, given that China's exports grew at their fastest pace in nearly 1-1/2 years last August.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
White House says no inflation data release likely next month
White House says no inflation data release likely next month
Oct 24, 2025
WASHINGTON (Reuters) -The White House said on Friday there likely will not be a release of inflation data next month due to the U.S. government shutdown. Because of Congress' failure to pass a stopgap funding bill, Surveyors cannot deploy to the field - depriving us of critical data, the White House said on its official Twitter account. The economic consequences...
Fed seen headed for more rate cuts as inflation undershoots expectations
Fed seen headed for more rate cuts as inflation undershoots expectations
Oct 24, 2025
(Reuters) -The Federal Reserve will likely deliver quarter-point interest rate cuts at each of its next three meetings, traders bet on Friday after a U.S. government report showed consumer inflation rose a little less than expected last month.  The Consumer Price Index climbed 3.0% in the 12 months through September, the Labor Department's Bureau of Labor Statistics said on Friday, a...
US retirees to receive 2.8% Social Security increase in 2026
US retirees to receive 2.8% Social Security increase in 2026
Oct 24, 2025
(Reuters) -More than 75 million Americans receiving Social Security and Supplemental Security Income benefits will see their monthly payments rise 2.8% in 2026, accelerating from the prior year's increase for the first time in three years. The Social Security Administration announced the annual cost-of-living adjustment to benefits on Friday, less than an hour after the Bureau of Labor Statistics published...
White House says inflation data unlikely to be released next month
White House says inflation data unlikely to be released next month
Oct 24, 2025
WASHINGTON (Reuters) -The White House said on Friday there likely will not be a release of inflation data next month due to the U.S. government shutdown. Because of Congress' failure to pass a stopgap funding bill, Surveyors cannot deploy to the field - depriving us of critical data, the White House said on its official Twitter account. The economic consequences...
Copyright 2023-2026 - www.financetom.com All Rights Reserved