π¨π³ China's exports just had their best month since 2021, and most of it is tariff arbitrage
The day in view
π¨π³ China's exports just had their best month since 2021, and most of it is tariff arbitrage
China's exports rose 27% year-on-year in June, the fastest pace since 2021, but the surge lines up with a frontloading rush ahead of new US tariffs on July 24. Consumer inflation stayed soft at 1.0%, and the trade surplus hit $125.62bn.