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China’s retail sales growth unexpectedly accelerated as the economy rode out the tariff rollercoaster in May, offering a confidence boost to Beijing as it stares down the threat of a prolonged trade war with the US.
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China has reported a mixed economic performance in May, as retail sales jumped while factory output slowed in the face of higher U.S. tariffs.
China's overseas express delivery packages maintained robust growth momentum of more than 10 percent year-on-year in May, despite the pressure of US tariffs, the latest official statistics showed on Monday.
Boeing Co. delivered its first aircraft to a Chinese airline customer since President Donald Trump unleashed a wave of tariffs in early April, a sign of rapprochement as Washington and Beijing look to ease tensions.
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BEIJING (Reuters) -Billions of dollars of Chinese goods have been impacted by additional U.S. tariffs since 2018, initially under the first Donald Trump presidency and later under the Biden administration. Returning to the White House this year, Trump has imposed even more duties on China.
China will negotiate and sign a new economic pact with Africa that will get rid of all tariffs on the 53 African states it has diplomatic ties with, it said, a move that could benefit middle-income nations.
From supply chain competition between Beijing and Washington to domestic consumption picking up in China, here’s a round-up from today’s coverage.
John Hamer, president of Rodgers Wade Manufacturing in Paris, Texas, makes store fixtures for big retailers like Ross Dress for Less and Ulta Beauty. He sources many of the goods from China, which until recently meant he paid 70% in tariffs on metal fixtures.