Both U.S. exports to China and U.S. imports from China fell faster this January than any January in at least 17 years, new data shows
Share to twitterU.S. Treasury Secretary Steven Mnuchin, left, and Trade Representative Robert Lighthizer arrive at a hotel in Beijing on Thursday. They arrive as new trade data shows China and the United States just recorded the worst January for trade between the two in at least 17 yearsBoth U.S. exports to China and U.S. imports from China fell faster this January than in any January in at least 17 years, new data shows, putting mounting pressure on U.S.
Of the losses, two were less than 2%, one 7.85%, one 13.28% and only one close to the January 2019 decline, a 25.14% decline, in 2009 during the global economic crisis. The following year, in 2010, U.S. exports to China increased more than 65%.
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