China Exports Surge 8% April Despite 18% US Shipment Drop

China's exports in April rose 8.1% year-on-year, surpassing expectations despite a sharp 17.6% to 21% decline in shipments specifically to the United States, reflecting the impact of the recent US tariffs that exceed 100%. Imports to China also fell slightly, narrowing their decline amid Beijing's efforts to stimulate the economy. The overall export growth is partly attributed to transshipment through third countries and pre-tariff contracts, but analysts anticipate a gradual weakening in trade data in the coming months. Trade tensions between the US and China remain high, with tariffs on many goods reaching unprecedented levels, and both sides maintaining firm stances ahead of upcoming negotiations scheduled in Switzerland. US Treasury Secretary Scott Bessent described the tariffs as "unsustainable," though President Trump has ruled out lowering them to advance talks, while China demands a complete removal of US duties. Despite the political deadlock, companies on both sides hope for progress, mindful that prolonged tariffs could severely disrupt bilateral trade and global supply chains.