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China said Monday that exports soared more than 12 percent last month, beating expectations as businesses rushed to prepare for the swingeing tariffs imposed by US President Donald Trump on his so-called “Liberation Day.”
Beijing and Washington have been locked in a fast-moving, high-stakes game of brinkmanship since Trump launched a global tariff assault that has mainly targeted Chinese imports.
Tit-for-tat exchanges have seen US levies imposed on China rise to 145 percent, and Beijing setting a retaliatory 125 percent toll on US imports.
Figures released by Beijing’s General Administration of Customs on Monday showed a 12.4 percent jump in overseas shipments, more than double the 4.6 percent predicted in a Bloomberg survey.
