Exports rise in April despite surge in tariffs

Chen Yunnational People's Congress deputy

The global market is vast, and innovative products can help us open the doors to more markets,

said Chen Yun, director of the company's foreign trade department

China has prepared for the worst-case scenarios and unveiled on Wednesday a fresh financial stimulus package including interest rate cuts and liquidity injection to bolster growth,

said Wen Bin, chief economist at China Minsheng Bank

The current period is undoubtedly a challenging one for those in the foreign trade industry. The prolonged trade tensions with the US have equipped Chinese companies with a wealth of know-how in dealing with external shocks,

said Chen Wenling, former chief economist at the China Center for International Economic Exchanges

Lin Feng (politician)member of the National Committee of the Chinese People's Political Consultative Conference

Going forward, China will provide more support to export companies in exploring alternative markets beyond the US,

said Feng Lin, senior analyst at Golden Credit Rating International

This means China’s exports to the U.S. are set for further declines over the coming months, not all of which will be offset by increased trade with other countries. We still expect export growth to turn negative later this year,

Huang said

Jerome Powellfederal Reserve chair

If the large increases in tariffs that have been announced are sustained, they are likely to generate a rise in inflation, a slowdown in economic growth, and an increase in unemployment,

Powell said, according to a transcript on the Fed's website

The latest data from Chinese Customs highlights a high complementarity between China and the EU, especially amid today's challenging global trade landscape,

Zhao Junjie, a senior research fellow at the Institute of European Studies at the Chinese Academy of Social Sciences, told the Global Times on Friday

Reports of the death of China’s exports look to be greatly exaggerated,

said Lynn Song, chief economist for Greater China at Dutch bank ING

Scott Kennedy (comedian)senator

Both sides I think are balancing, trying to look tough with not wanting to be responsible for sinking the global economy,

said Scott Kennedy, an expert in Chinese business affairs at the Center for Strategic and International Studies in Washington

From China’s perspective, it hasn’t diversified away from the U.S. as a final customer. It’s just that it has been intermediated by third economies,

said Gerard DiPippo, an expert on the Chinese economy at RAND, a think tank

The thing about trade is when there are huge arbitrage opportunities, people are going to find a way to take advantage of them, legally or illegally,

said Caroline Freund, an expert on international trade at the University of California at San Diego

Say goodbye to U.S. tariffs” using a process as simple as “choosing the ‘not spicy’ option at a hot pot restaurant,

one Chinese logistics company, Shanghai Xiangcheng International Freight Forwarding, declared on the short video app Xiaohongshu

U. S. tariffs on Chinese goods are a direct motivation for expanding to Vietnam,

said Jaya Wen, an associate professor at the Harvard Business School who co-authored research showing that rerouting of Chinese goods through the country has risen by as much as 21 percent since 2018.

Now it’s a lot harder to tariff-hop from one country to another,

said Mark Ludwikowski, senior director at Clark Hill, which represents Chinese exporters and U.S.-based importers

I would say right now is not a good time to test customs,

he said

If a company comes here and sets up a company or factory, giving them a local certificate of origin, then they can bypass the impact of the tariff war on China,

she said

This is an early signal that something is going on in terms of a front-loading of the supply chain,

said Raymond Yeung, the chief economist for greater China for ANZ, a New Zealand bank

Wang Dan (dissident)china director

Domestic producers have halted most of their production targeting the U.S. market, but they are gearing up product for ASEAN countries because that is where they have set up their factories in preparation for this situation,

said Dan Wang, a director on Eurasia Group’s China team, referring to the 10 countries that are part of the Southeast Asian Nations

In 2018 when Trump put 25% tariffs on 80% of the commodities out of China, it took two years for the U.S. and China to reach a deal,

he said

At a certain point that runs down and ... there is the expectation that the tariff situation will change for the better,

Levine said