China’s exports slow as US tariffs deepen strain

China’s exports rose in August but at a slower pace, signaling challenges in global trade. 

Exports totaled $321.8 billion, up 4.4% from last year, easing from July’s 7.2% growth. Imports reached $219.5 billion, a 1.8% increase. The country’s trade surplus remains vast, fueling tensions with the US and EU.

The US has imposed 30% tariffs on Chinese imports, while Beijing retaliated with its own taxes. 

As a result, China’s exports to the US plunged 33% to $47.3 billion, while imports from the US dropped 16% to $13.4 billion. However, exports to the EU grew 10.4% to $46.8 billion.

Rare earth exports rose to $55 million, but remained 25.6% lower year-on-year. Analysts warn that rising tariffs and export curbs could further strain global supply chains.

Meanwhile, postal traffic to the US has plunged 81% after the Trump administration suspended the “de minimis” trade exemption on August 29, according to the Universal Postal Union.

The rule had allowed duty-free entry for small packages under $800. 

At least 88 postal operators halted services, while the UPU is working on solutions to restore mail flows.