China's exports to US tick up as traders try to beat tariffs
In this Nov. 5, 2018, photo, a security guard stands at the entrance to the China International Import Expo in Shanghai. Visitors to the vast trade fair meant to rebrand China as a welcoming import market could sip Moroccan wine, ogle Italian yachts and watch a Japanese industrial robot play ping-pong. (AP Photo/Ng Han Guan)BEIJING — Growth in Chinese exports to the United States ticked up in October as traders rushed to beat a new round of U.S. tariff hikes in a battle over Beijing's technology policy.
Customs data on Thursday showed sales to the U.S. market rose 13.3 percent over a year earlier, up from September's 13 percent growth.
Economists at ING said the data show Chinese exporters are trying to beat a U.S. tariff increase planned for January. They said a meeting between Presidents Xi Jinping and Donald Trump this month in Argentina is unlikely to produce positive results.
Governments of the two biggest global economies have raised tariffs on billions of dollars of each other's goods in the fight over U.S. complaints about Chinese technology policy.
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