US trade tensions hit China's export growth
-
In May, China's exports to the US fell nearly 12% from April. The report of the slowdown comes just hours before another round of trade talks between US and Chinese officials in London.
China's export growth slowed to a three-month low in May as shipments to the United States dropped following tariffs imposed by Donald Trump, according to customs data released on Monday.
While exports rose 4.8% year-on-year, it was down from 8.1% in April, with shipments to the US falling almost 12% month-on-month.
The report of the slowdown comes just hours before another round of trade talks between US and Chinese officials in London.
-
In May, China's exports to the US fell nearly 12% from April. The report of the slowdown comes just hours before another round of trade talks between US and Chinese officials in London.
China's export growth slowed to a three-month low in May as shipments to the United States dropped following tariffs imposed by Donald Trump, according to customs data released on Monday.
While exports rose 4.8% year-on-year, it was down from 8.1% in April, with shipments to the US falling almost 12% month-on-month.
The report of the slowdown comes just hours before another round of trade talks between US and Chinese officials in London.
wrote on last edited by [email protected]While exports rose 4.8% year-on-year, it was down from 8.1% in April
So still a pretty solid growth. A 12% decline in exports to USA, only result 3.3% lower growth than the 8+% they used to have!!
I suspect China will redirect a lot of efforts away from USA, and recoup a significant part of the losses, and then be on their way to world dominance soon enough. But with USA left even further behind.It's funny why we don't see numbers about the USA economy for comparison? I bet they are worse than China.
Notice how China doesn't even bother selling Electric cars or Smart phones to USA, and yet they are leading both markets globally now!!
USA is making itself irrelevant.
