China’s exports rose 8 per cent in April as new U.S. tariffs took effect

News Snapshot:

China has reported that its exports rose 8.1 per cent in April from the year before in the tail end of a rush by companies and consumers to beat higher U.S. tariffs that took effect last month. Imports fell 0.2 per cent from the year before. On a monthly basis, exports rose just 0.6 per cent from March, while imports increased by nearly 4 per cent. China’s politically sensitive trade surplus with the United States was nearly $20.5-billion in April. In the first four months of the year, exports to the United States were down 2.5 per cent from a...