China's exports fell in June as the United States ramped up trade pressure, while imports shrank more than expected, pointing to further strains on the world's second-largest economy. China's manufacturers are struggling with sluggish demand at home and abroad, and a sharp U.S. tariff hike announced in May is threatening to crush already-thin profit margins, reinforcing views that Beijing needs to announce more stimulus measures soon. "The latest U.S. tariff hike probably contributed to this drop, alongside a broader slowdown in foreign demand," Capital Economics said in a note.
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