Beijing responds to new batch of Trump tariffs


Sales to the USA rose by 13.3%, while China's surplus with the States shrank marginally to $28.1bn (£21.7bn) last month from a record $29bn (£22.4bn) in June.

Due to higher imports, the trade surplus fell to $28 billion in July, which was below the expected $38.9 billion level.

Data from the General Administration of Customs showed on Wednesday that exports advanced 12.2 percent year-on-year in July.

"We have made the case to the Administration, in the strongest possible terms, that tariffs imposed on semiconductors imported from China will hurt America's chipmakers, not China's, and will do nothing to stop China's problematic and discriminatory trade practices", he said.

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China's exports growth exceeded expectations in July, despite the US imposing tariffs on $34 billion Chinese goods.

"The impact of tariffs on exports is yet to be reflected".

But Julian Evans-Pritchard of Capital Economists said: "Shipments to the U.S. did weaken slightly, which hints at some impact from the tariffs".

Trump has boasted that trade wars are "easy to win" and warned he would hit virtually all Chinese imports if Beijing does not back down and take steps to reduce its $335bn United States trade deficit.

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The first round of President Donald Trump's punitive tariffs on China will hit the full US$50 billion in goods starting Aug 23, the government announced Tuesday.

The office of USA trade representative Robert Lighthizer said its "exhaustive" investigation showed "China's acts, policies and practices related to technology transfer, intellectual property and innovation are unreasonable and discriminatory and burden U.S. commerce".

It is the second time the USA has slapped tariffs on Chinese goods, despite persistent warnings by American businesses it will raise the price of goods for consumers.

Even as a trade war brews between the two nations (see the full timeline), exports from China to the USA rose by double digits in July, the Associated Press reported.

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The dispute has continued to escalate, with Trump last week threatening to raise to 25% from the planned 10% tariffs on the next $200bn in Chinese imports his administration plans to target.