China's March exports likely got front-loading lift before Trump's new tariffs took effect

By Xiuhao Chen,
Trade data for March is expected to show outbound shipments rose 4.4% year-on-year in value terms, according to the median forecast of 19 economists, accelerating from a 2.3 increase in the January-February period.
The slump in imports is expected to have persisted, down 2.0%, after an unexpected contraction of 8.4% at the start of the year.
The world's second-largest economy has gotten off to a bumpy start this year. Manufacturing activity expanded at the fastest pace in a year in March and retail sales perked up, but rising unemployment and persistent deflationary pressures continue to fuel calls for further stimulus.
More worryingly and of immediate concern for Chinese policymakers is the risks to economic growth from an intensifying trade war with the United States.
Trump has singled out
Trade tensions with the U.S. could cut the shipment of goods between two economies by as much as 80%, according to a
Goldman Sachs this week lowered its forecasts for
German exports also rose more than expected in February, signalling world-wide fontloading, with shipments to the U.S. up 8.5% on the month in anticipation of the U.S. duties, as did shipments from
Trade data is scheduled to be released on Monday.
(Reporting by Xiuhao Chen and
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