China's export country 21% to America ... and jump in Asia and Europe

Chinese exports increased more than expected, despite the sharp decline in the shipping to the United States during the first month after President Donald Trump imposed Customs definitions that were more than 100% on Chinese goods, relying for a local economy that is increasingly dependent on external demand. Total exports rose 8.1% last month, exceeding economists’ expectations, an increase of 2%. On the other hand, imports fell 0.2%, and the trade surplus reached $ 96 billion, according to the data issued by the Customs Authority on Friday. China’s exports to the United States fell 21%after the imposition of customs duties in early April, while exports to the ten countries in Southeast Asia rose 21%within the Asean group, and exports to the European Union increased by 8%. The initial effects of customs duties imposed by China for customs duties on US goods, which led to a decline in imports from the United States by about 14%, according to the data of the Customs Authority issued on Friday. The first reliable official data after the escalation of the trade war shows only the initial damage caused by the imposition of excessive fees, and its effects are likely to become clearer of this month. Many analysts expect that, unless these fees are reduced, the amount of trade between the two largest economies in the world will eventually drop to economic levels of economic levels after reaching about $ 690 billion last year, which will lead to the destruction of industries and raise prices on companies and consumers. American China Negotiations will meet the US and Chinese negotiators over the weekend to hold their first trade negotiation rounds since Trump has held office this year. Companies hope that the two parties will eventually negotiate the reduction of customs duties that each of them imposed on the other. The trade between the two competitors’ two forces would have damaged the economy of the two countries, as US Treasury Secretary Scott Besent described the current fees as “unthinkable”. Besent and his team will start talking to a Chinese delegation under the leadership of Deputy Prime Minister Khali Feng on Saturday to discuss the upcoming steps on customs. The two parties have identified strong positions before the start of the talks, which may indicate the trouble of rapid progress in any agreement. Read more: Pesent and Garr are on their way to Switzerland to revive commercial talks with China and on Thursday, a few hours after Trump announced his refusal to lower the fees set on China to open the door to more important negotiations, Beijing repeated his claim to cancel the United States for all dollars.