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US-China Trade Shrinks Amid Stagnation in US-Worldwide Trade

China Market Intelligence John Clark, Gavin Fu, Haoting Luo

Key Takeaways

  • The latest economic and trade data point to a continued slowdown for US-China trade.
  • US-China bilateral trade in goods decreased significantly year over year in Q1 and again in April despite US-worldwide trade remaining more or less the same.
  • While US goods exports to China have enjoyed a modest increase following China’s removal of zero-COVID restrictions, imports from China have decreased substantially.

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