China's ports and factories witness surge in pre‑holiday rush despite Trump tariffs

China's manufacturing and shipping sectors are experiencing a significant uptick as the Lunar New Year approaches, despite the ongoing effects of tariffs imposed by former US President Donald Trump. Nearly a year after the implementation of these tariffs, which the Trump administration referred to as 'Liberation Day,' Chinese factories are reporting a surge in export orders. Recent data indicates that ports are now managing 40% more containers than in previous periods, a clear sign of increased economic activity. Additionally, freight rates have risen, reflecting heightened demand for shipping services. This surge can be partly attributed to the recent easing of tariffs on Chinese goods by the US, which has reduced the tariff rate to 47%. As China gears up for the Lunar New Year festivities, the robust performance of its manufacturing sector bodes well for the economy, highlighting the resilience of Chinese exports in the face of trade tensions. Analysts suggest that this trend may have implications for global trade dynamics, especially as countries navigate the complexities of international tariffs and supply chain disruptions.