Preview: Export growth in China is likely to slowly slow to +1.9 % on an annual basis in April (+12.4 % in March)

By Reuters voting expectations

• Chinese export growth may slow to 1.9 % on an annual basis in April, sharply decreased from 12.4 % in March (March export increased partially due to exporters’ shipments before Trump’s induction rise), as the new Trump tariff entered into force.

• The range of expectations ranges from a decrease of 3.5 % to 7.0 %.

• Imports are expected to decrease by 5.9 % on an annual basis, and they worsened from a decrease of 4.3 % in March, indicating twice the domestic demand.

The background of this is Trump raised the China tariff to 145 %, China fell with definitions of up to 125 % and restrictions on some American goods.

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Initial trade talks were identified for the United States of China on Saturday in Switzerland. Bessent is not very optimistic, saying that he is looking for some escalation:

• “My feeling is that this will be about the cancellation of the escalation.”

This article was written by Emon Sheridan on www.forexlive.com.