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BEIJING (AP) China's exports to the United States surged last month, dismissive of President Trump raising tariffs in a technical dispute.
Shipments to the United States increased by 13.
The year-on-year increase was 3% to $41.
5 billion, customs data show that growth in June was roughly similar.
Meanwhile, Beijing's trade surplus with the United States expanded by 11% from a year ago to $28 billion, a frequent source of Trump's anger and threats.
The growth in exports is contrary to market expectations, a month before Washington imposed a 25% tariff on $34 billion of Chinese goods in July 6, in response to complaints that Beijing has stolen or pressured foreign companies to hand over technology.
The trade war between the two largest economies in the world has forced many multinationals to reschedule purchases and rethink where they buy materials and parts in an attempt to escape or weaken the impact of titfor-
Tat tariffs between Washington and Beijing.
Beijing has warned that Chinese exporters are facing "growing instability" after Washington's trade penalties.
Beijing retaliated by imposing higher tariffs on similar numbers of American goods.
On Tuesday, the Trump administration announced that it would impose a 25% tariff on another $16 billion of Chinese imports from August. 23.
On Wednesday, China responded by saying it would impose a 25% punitive tariff on $16 billion of U. S. Treasury bonds. S.
Commodities, including cars, crude oil and scrap metal, will also take effect on August. 23.
A statement from the US Department of Commerce said Trump decided to continue the latest US move. S.
The tariff "is very unreasonable.
The Foreign Ministry said on its website that Beijing's retaliation was "a necessary response to safeguard its legitimate interests ".
The Trump administration has intensified tensions with Beijing and threatened penalties for another $200 billion in Chinese exports to the United States.
Beijing said it was prepared to retaliate against US imports of $60 billion.
(Beijing cannot impose an equivalent amount of tax on the United States. S.
Because the United States exports much less goods to China than imports.
Tariffs are taxes on imported goods.
They are designed to protect local businesses and put foreign competitors at a disadvantage.
But these taxes are also a price for domestic businesses and consumers, who pay more for imports.
In July, China's global exports grew by 12%, faster than 11% in June.
Meanwhile, imports to China grew 27% last month.
Exports to the rest of the world could be driven by the devaluation of the renminbi.
The yuan fell 8% against the dollar this year, down about 4% against a basket of global currencies.
The devaluation of the currency makes a country's goods more affordable for overseas buyers.
The trade conflict between China and the United States, coupled with weak global demand, exacerbated the challenges facing Beijing.
Since regulators tightened controls on bank lending to rein in surging debt, economic growth has slowed.
Julian Evans said import data for July were unusually strong, reflecting higher prices
Pritchard of Capital Economics
"We expect export growth to slow in the coming months, but this is mainly a reflection of a slowdown in global growth rather than a slowdown in US growth. S.
"Evans-
Pritchard said in a report.
"Import growth may slow as domestic adverse factors continue to affect economic activity.
"China's global trade surplus shrank by 40% year on year to $28 billion.
At the same time, it's with 28-
The EU signed $ 8% to $11. 2 billion.
Given the imbalance in Sino-US trade, Chinese American goods will be eliminated by retaliatory tariffs.
Imports from the United States totaled about $130 billion last year.
This leaves only about $20 billion in fine tariffs, which the United States has or threatened to raise. S.
Count the goods.
So far, Beijing has stepped up its efforts to recruit governments, including Germany and France, as allies.
These countries have criticized Trump's strategy, but they agree with the US. S.
Complaints about China's industrial policies and market barriers.
Paul Wiseman, an economics writer in Washington, contributed to the report.
The story has been corrected to indicate the tariff
China's exports grew in June.
General Administration of Customs of China (Chinese): www. customs. gov.
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