Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

China’s Exports Rushed Ahead Higher US Tariffs Next Year


November, 08 2018
watermark Economic news

Exports came out better-than-expected in Octobers as companies hasten shipment to the United States with higher tariffs by next year, which their top trading partner.

On the other hand, imports slowed down compared to forecasts while Beijing implements counter-measures to higher tariffs of US next year.  

The positive readings from China give positive news to boost global demand which has raised concerns to some and the slowest growth of the country since the global financial crisis in the third quarter.

A month has passed since US tariffs on Chinese goods implemented starting September 24, reflecting an important escalation in the of escalating trade war.

However, analysts see the risk of sharp decline in the US demand for Chinese goods in early 2019 while everybody’s attentions are focused on the president of US and China and hopefully come to an agreement on their meeting this month.

Exports in China grew to 15.6 percent last month than a year ago. Customs data shown on Thursday, boosted from 14.5 percent in September, exceeding forecast of analysts by just 11 percent. Nevertheless, Oxford Economics showed a solid growth as it rose astonishingly by 9.9 percent. However, analysts say that export reading will just be transitory given slower export orders for some months.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.