Navigating Trade: US-China War Continues Amid Tariff Talks

China's exports increased by 4.8% in May despite a 10% drop in shipments to the US. Imports decreased by 3.4%, yielding a USD 103.2 billion trade surplus. US-China trade tensions persist, with talks scheduled following negotiations between Trump and Xi Jinping.

China's export sector showcased resilience as it reported a 4.8% increase in May from the same month last year, customs figures revealed Monday. This rise, however, was slightly under expectations, attributed to a nearly 10% slump in exports to the United States ahead of crucial trade discussions.

The ongoing trade tension manifested in a 3.4% decrease in imports, leaving China with a considerable trade surplus of USD 103.2 billion. Moreover, May's exports to the US amounted to USD 28.8 billion, while imports from the US dropped by 7.4% to merely USD 10.8 billion.

With many businesses rushing orders to bypass anticipated tariffs, both nations reached a temporary 90-day tariff suspension earlier this month. As speculations mount, high-stakes talks between US and Chinese officials commence in London, shadowed by disputes over advanced semiconductors and critical "rare earths."

(With inputs from agencies.)