China, exports and US Fall
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Zimbabwe will ban exports of lithium concentrates next year as part of a push to make foreign mining companies develop refining operations in the country, a cabinet minister said.
A U.S.-China trade truce wasn’t enough to stem a sharp drop in shipments from China to America last month.
HighGround says “The significant decline was primarily driven by a decrease in smaller shipments to Canada, which fell by 34% month-over-month. The U.S.’ northern neighbor may have purchased more butter for shipment in February and March ahead of tariffs, and sales for April may have lessened as a result.”
Kazakhstan’s crude oil exports are set to hold near record levels again next month, highlighting the ongoing challenge the central Asian country’s burgeoning supply is posing for OPEC+.
Analysts say sentiment on trade is poor as no one is expecting a return to pre-Trump days for global trade. Read more at straitstimes.com. Read more at straitstimes.com.
A surge in exports ahead of looming reciprocal tariffs helped India close FY25 on a strong note. But with fresh headwinds ahead, the real test is sustaining momentum and striking a favourable trade deal.
Taiwan's exports surged to a record in May on booming demand for artificial intelligence and as customers placed orders ahead of U.S. tariffs which could take effect next month after a suspension period expires.
Despite the strong performance so far this year, Taiwan’s statistics bureau expects exports to contract in the second half.
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Asharq Alawsat (English) on MSNChina's May Exports Slow, Deflation Deepens as Tariffs BiteUnderscoring the U.S. tariff impact on shipments, customs data showed that China's exports to the U.S. plunged 34.5% year-on-year in May in value terms, the sharpest drop since February 2020, when the outbreak of the COVID-19 pandemic upended global trade.
Volkswagen, Mazda, Mercedes Benz, Stellantis, BMW, Nissan, Audi and General Motors all exported fewer cars from Mexico in the first five months of 2025.