China's Exports Jump 12.4% And Imports Fell As Trump Pushed US Tariffs Higher

China has reported its exports jumped 12.4% in March from a year earlier as companies rushed to beat increases in U.S. tariffs imposed by U.S. President Donald Trump.

BANGKOK (AP) — China’s exports jumped 12.4% in March from a year earlier as companies rushed to beat increases in U.S. tariffs imposed by U.S. President Donald Trump, the government said Monday.

Imports fell 4.3%, the customs administration reported.

It said exports from the world’s second largest economy rose 5.8% in the first three months of the year from a year earlier while imports sank 7%.

China’s trade surplus with the United States was $27.6 billion in March as its exports rose 4.5%. It logged a surplus of $76.6 billion with the U.S. in the first quarter of the year.

China is facing 145% tariffs on most exports to the United States as of the most recent revisions in Trump’s trade policies.