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🇺🇸🇨🇳 U.S.-CHINA TRADE JUST FELL OFF A CLIFF
U.S. imports from China crashed to their lowest point in 19 years, dropping to just $64.8 billion.
Exports to China also tanked, falling nearly 30%, as overall trade between the two giants shrank dramatically.
The U.S. trade deficit with China got smaller, but only because the total trading relationship is collapsing fast.
For decades this partnership fueled globalization, but now it looks like the era of “Made in China” is fading.
Source: Econovisuals