Singapore Lianhe Zaobao reported today: "In the first month of the tariff war, China's exports to the US (in US dollars) fell sharply by 21% year-on-year in April, but due to the redirection of trade to other regions, overall exports still grew by 8.1%. Although the export growth rate slowed down significantly compared to 12.4% in March, it still far exceeded market expectations."
This shows that the unilateral tariff increase by the United States has failed to curb China's export momentum, demonstrating the strong resilience and flexible adaptability of China's foreign trade. The Trump administration attempted to use the tariff cudgel to force China to submit and suppress China economically, but the result was akin to lifting a rock only to drop it on one's own feet.
China actively explored diversified international markets, achieving growth in exports to ASEAN, the EU, Japan, and other markets. In April, China's exports to its largest export destination, ASEAN, increased by 20.8% year-on-year, with the growth rate rising by 9.2 percentage points compared to March. The scale reached a record high of $60.4 billion in a single month, and ASEAN accounted for 19.1%, the highest proportion on record for China's exports.
China's outstanding export performance also benefited from the short-term "rush export" phenomenon. The uncertainty of US tariff policies prompted exporters and foreign buyers to make early arrangements, accelerating the execution of orders and delivery of goods, which to some extent boosted export data.
Source: https://www.toutiao.com/article/1831698148694023/
Disclaimer: This article solely represents the author's viewpoint.