Chinese exports to the US have risen this year as the country looks to get as many goods as possible off its shores before steeper tariffs come in January.
“This growth is due to exporters’ concern that the 10% tariffs on $200 billion of exported goods to the US will rise to 25% on 1 January 2019, which has led them to front-load exports,” ING said in a report on Friday.
Exports grew 15.6% year-on-year, up from an original consensus of 11.7% growth. Once those tariff hikes kick in, these figures are likely to weaken, ING said.
