From Yahoo Finance: 2025-05-08 23:34:00

In April, China’s exports to the U.S. dropped 21%, while total exports rose 8.1%. Imports fell 0.2%. Trade surplus with the U.S. shrank to $20.5 billion. China’s exports to the U.S. fell 2.5% in the first four months of the year.

Treasury Secretary and Chinese officials will meet to discuss tariffs this weekend. Some tariffs may be rolled back, but China’s exports to the U.S. are expected to decline further. Global supply chains are shifting away from China due to trade barriers and COVID-19 disruptions.

China’s exports to other countries are increasing, reflecting a trend that started before Trump’s tariffs. The need for more diverse supply chains has become evident. China is seeking alternatives to reliance on the U.S. market. RCEP and Belt and Road Initiative countries are becoming larger export markets for China.

Exports to Southeast Asia, Latin America, India, and Africa have seen significant growth. Asian countries like Vietnam and Thailand are becoming key destinations for Chinese exports. China is taking measures to counter the impact of the trade war on its economy.

Read more: China’s exports to US sink, offset by trade with other economies, as US tariffs hit global trade