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World News@lemmy.mlby☆ Yσɠƚԋσʂ ☆@lemmy.ml
1 year

China's exports to US sink, offset by trade with other economies, as US tariffs hit global trade

finance.yahoo.com English
1
    China’s exports to the United States tumbled in April while its trade with other economies surged, suggesting that President Donald Trump's tariffs offensive is hastening a shakeup in global supply chains. Total exports from China rose 8.1% last month from a year earlier, much faster than the 2% pace most economists had been expecting. Shipments to the U.S. sank 21% in dollar terms as Trump’s tariffs on most Chinese exports rose to as high as 145%. With Chinese tariffs on U.S. goods at 125%, business between the two biggest economies has grown increasingly uncertain.
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    • engelsaxons [comrade/them]@hexbear.netEnglish
      1 year

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