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Tariffs and Diversification Push US-China Trade to 16-Year Low
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Tariffs and Diversification Push US-China Trade to 16-Year Low

US goods trade with China fell nearly 30% last year to $414.7 billion, the lowest level since 2009. The sharp decline was driven primarily by a collapse in shipments following the imposition of triple-digit tariffs last April, compounded by US and Chinese supply chain de-risking policies and China’s ongoing efforts to expand export markets in the Global South.

China Market Intelligence Kyle Sullivan

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