China's exports in December up 10.7%, beating estimates as higher U.S. tariffs loom

In Yantai, China, vehicles and trucks await export from a port as factories rush to fill orders before potential higher U.S. tariffs under President-elect Donald Trump. China’s December exports grew 10.7%, surpassing expectations, while imports rose 1%, leading to a trade surplus of $104.84 billion. China’s total trade value reached a record $6 trillion, with a focus on high-tech manufacturing and exports of electric vehicles, 3D printers, and industrial robots. China aims to increase imports, but faces restrictions on certain products and seeks to expand trade with countries involved in the “Belt and Road” initiative.

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