US-China Trade Slows Amid Significant Decreases in Key Areas

Key Takeaways

• US-China trade in goods decreased 2.3 percent in the first half of the year, the slowest decrease in over a year.
• Sharp decreases in certain key export and import categories with China were buffered by increased aerospace and semiconductor exports to China.
• US trade data and container import volume data for July point toward bilateral trade expanding in Q3.