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China's exports to US tick up as traders try to beat tariffs

AP  |  Beijing 

Growth in Chinese exports to the ticked up in October as traders rushed to beat another round of hikes.

Exports to the US market rose 13.3 per cent over a year earlier to USD 42.7 billion, up from September's 13 per cent growth, customs data showed Thursday.

Imports of American goods rose 8.5 per cent to USD 10.9 billion, decelerating from the previous month's 9 per cent.

China's surplus with the narrowed to USD 31.8 billion from September's record USD 34.1 billion.

Traders are rushing to beat a US hike planned for January, ING economists said in a report.

Pang said "front-loading behaviour" is likely to continue because this month's planned meeting between Presidents and in is unlikely to yield positive results.

China's exports to the have been unexpectedly resilient since Trump started imposing punitive tariffs goods in July in a fight over Beijing's

That includes a 10 per cent charge on USD 200 billion of Chinese goods that is due to rise to 25 per cent in January.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 08 2018. 12:05 IST