China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect Donald Trump, who takes office next week.

Even before Donald Trump takes office on Monday, trade tensions between the world’s biggest economies are already heating up.

U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump's plan to impose new tariffs that could revive a trade war between the world's economic superpowers.

China’s economy hit the government’s growth goal last year after an 11th hour stimulus blitz and export boom turbocharged activity, although looming US tariffs threaten to take away a key driver of expansion.

Correcting the major imbalances in the global economy will require collaborative international action. If he wants results, Trump will need to rein in his penchant to go it alone.

That was a 16% year-over-year increase from December 2023. Experts said the December surge was likely related to anticipated tariff hikes, pushing traders to accelerate shipments out of China.

Companies are expediting cargo shipments into the U.S. ahead of new tariffs from President-elect Trump, with Chinese trade the biggest on the move.

Trade restrictions planned by incoming US President Donald Trump might lead to aggressive exports by China to Asian markets, including India, creating tough competition for Indian exporters. This could potentially slow India's export growth,