China’s exports or outbound shipments to the US fell by 23% in November to register its fourth straight monthly decline and the worst monthly drop since February.
Meanwhile, imports of American goods declined by 2.8%, giving China a trade surplus of $24.6 billion with the US.
The slide in China’s exports to the US comes during the 17-month long trade war between the US and China.
As a result, President Trump may feel emboldened to take more aggressive steps against China. Its worth noting that a tariff spike on $160 billion of Chinese goods is scheduled for next week.
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