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Analysts: Falling U.S.-China trade is ‘harbinger’ of what’s to come

August 10, 2023 at 4:51 PM
Trade between the U.S. and China fell by 25 percent in the first half of 2023 compared to 2022, the Commerce Department said on Tuesday, a reflection of China’s economic woes, ongoing U.S.-China tensions, and companies’ novel prioritization of supply chain reliability over cost and efficiency, analysts say – and a “harbinger” of further bilateral trade deterioration. Two-way U.S.-China trade between January and June 2023 stood at $276 billion, the lowest level since the opening six months of 2020 during...

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