Chinese exports to the U.S. are cratering despite a trade truce

Summary

Despite the initiation of fresh trade talks in London and a trade truce established in early May, Chinese exports to the U.S. have significantly decreased. In May, shipments experienced a dramatic drop of 35%, marking the steepest year-over-year decline since February 2020. This downturn highlights ongoing challenges in U.S.-China trade relations even amid diplomatic efforts to stabilize them.

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