COMPANIES IN CHINA rushing to ship goods to the US before new tariffs drove exports higher in November, while imports unexpectedly fell in another sign of continued weakness in the domestic economy.
Exports rose almost 7% to $312 billion in November from a year earlier, the customs administration said on Tuesday.
Shipments to the US hit their highest level since September 2022, while exports to Southeast Asia surged to a record, likely as Chinese firms aimed to have goods processed there and then shipped to the US before January 20, when Donald Trump returns to the White House.
This story is from the December 11, 2024 edition of Financial Express Ahmedabad.
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This story is from the December 11, 2024 edition of Financial Express Ahmedabad.
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