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J&J sees tariff impact from exports to China more than global imports: CFO

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  1. China January – October dollar denominated exports +5.1% y/y & imports +1.7%
  2. China October dollar denominated exports +12.7% y/y & imports -2.3%
  3. China trade data dribbling out: Jan – Nov exports +5.4% y/y & imports +1.2% y/y
  4. China’s vice commerce minister (more): Exports steady in April, will expand imports

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