BEIJING (Reuters) -China’s export growth slowed in August, weighed down by weaker shipments to the U.S. as a temporary boost from Beijing’s tariff truce with its top consumer market fades, keeping alive calls for further fiscal stimulus in the fourth quarter.
Outbound shipments from China rose 4.4% year-on-year in August, missing a forecast 5% increase in a Reuters poll and the slowest growth in six months. They compared with July’s better-than-expected 7.2% increase.
Imports grew 1.3%, following 4.1% growth a month earlier. Economists had predicted a 3.0% rise.
U.S. President Donald Trump’s erratic trade policy – marked by multiple rounds of tit-for-tat tariff hikes with Beijing and other forms of trade restrictions – has heaped pressure on China’s export-oriented economy while domesti