US-China Trade Falls 34% After New Tariff Deal, What’s Next
Chinese exports totaled $316 billion in May, up nearly 5% year‑over‑year but below economists’ 6% forecast. The shortfall was largely caused by a sharp 34.4% drop in shipments to the United States — the steepest decline since the pandemic shutdown in February 2020. That fall occurred despite a May 12 agreement that temporarily averted tariffs … Read more