Chinese exports rise amid tariffs, imports drop most in three years

Chinese imports reportedly dropped to the lowest point in nearly three years, while exports unexpectedly rose for May, as the trade war between the U.S. and China plays out.

May imports fell 8.5 percent, sharper than the 3.8 percent analysts had forecast, according to Reuters, the sharpest decline since July 2016.


Chinese exports, however, increased by better-than-expected margins, according to the news service. China's May exports rose 1.1 percent from a year prior, although experts had expected it to fall 3.8 percent. 

President TrumpDonald John TrumpTrump says his advice to impeachment defense team is 'just be honest' Trump expands tariffs on steel and aluminum imports CNN's Axelrod says impeachment didn't come up until 80 minutes into focus group MORE has imposed tariffs on a range of Chinese goods and threatened more tariffs if a trade deal is not reached between the world's two largest economies.

Some analysts told Reuters they suspect the rise in exports could be due to Chinese exporters looking to rush shipments to the U.S. ahead of the threatened tariffs. 

Analysts also told Reuters that China may loosen some policies to improve economic growth as the trade pressure intensifies.