China’s exports surge in June as companies capitalize on tariff truce with the U.S., boosting shipments to Southeast Asia. Data shows outbound shipments rise 5.8% year-on-year, exceeding expectations. Analysts cautious as uncertainties remain amid U.S.-China trade negotiations. Imports also rebound 1.1%. Market sentiment lifts, with stock indexes up.

Exports to the U.S. see month-on-month growth, while shipments to ASEAN nations jump. China’s trade surplus hits $114.7 billion in June. Rare earths exports increase by 32%. Analysts warn of challenges in convincing the U.S. to lower tariffs significantly. Expectations for slower export growth in the near future.

China faces an August deadline for a trade deal with the U.S. Trump expands tariffs on other countries, potentially impacting China’s transshipment routes. Threats of tariffs on BRICS countries pose further risks for Beijing. Record-high soybean imports from Brazil amid U.S. tariffs. Crude oil and iron ore imports also increase.

Read more at Yahoo Finance: China’s exporters rush to beat Trump’s next big tariff deadline