The Bilateral Trade Increase in Q3 Likely Won’t Last

Key Takeaways

• US-China trade in goods experienced its first quarterly increase after three consecutive quarters of decline.
• Bilateral trade still lagged 20 percent behind the same period last year, owing to shifts in trade patterns and economic woes.
• Bilateral trade declined 7.2 percent year-on-year during October, signaling a potentially bumpy close to the year.