China’s exports have declined for the first time since the US unleashed its “liberation day” tariffs in April, highlighting the impact of months of trade tensions even as the two powers struck a truce.
Exports from the world’s second-biggest economy were down 1.1 per cent year-on-year in dollar terms in October, China customs data showed on Friday. The last time they fell was in February.
The unexpected decline comes after months of strong export growth, including an 8.3 per cent rise in September. Analysts polled by Reuters had expected a 3 per cent increase last month.
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