China by america But the burden of heavy tariffs has been loaded. However, its impact is not visible on China’s economy. Despite the levy of 145% tax on China by US President Donald Trump, China’s exports have not been affected. In March, China’s exports increased by 12.4 percent on an annual basis. At the same time, imports have declined by 4.3% in the same period. The Chinese government gave this information on Monday. China’s second largest economy China exports to 5.8% on an annual basis in the first three (January-March) months of 2025, while imports declined by seven percent. China’s trade with the US stood at $ 27.6 billion in the Surplus March, while its exports increased by 4.5 percent. China’s trade surplus with the US stood at $ 76.6 billion in the first (January-March) quarter of the year.
America is suffering huge losses
The US is incurring a huge loss due to China’s growing trade surplus with the US. Due to this, the US has imposed heavy tax on China. According to the recent amendments made in the trade policies of US President Donald Trump, China is facing a 145 percent fee on most exports to the US. A Customs Administration spokesman said that China is facing complex and serious situation, but it will not kneel. He said this, pointing to China’s diverse export options and a large domestic market.
Relief on electronic goods
The US may have imposed heavy tax on China but has given relief on electronic goods. The US Donald Trump administration has imposed 20 percent tax on the export of iPhones, smartphones, tablets, laptops from China. China has also demanded to reduce tax on other goods. Trump’s decision to increase tax on many countries of the world has been postponed for 90 days. India is also included in those countries. Now India is engaged in doing business from Trump. It is expected to be agreed between the two countries soon.
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