China’s exports to the United States have declined for seven consecutive months. Analyses show that this trend may continue as U.S.–China relations further deteriorate.
Data released by China’s General Administration of Customs on March 7 showed the total trade value between the United States and China in the first two months of this year was 702.98 billion yuan (about $102 billion), dropping 10.6 percent year-over-year.
Among them, Chinese exports to the United States were 494.11 billion yuan (about $71.7 billion), a decrease of 15.2 percent, while imports from the United States were 208.87 billion yuan (about $30.3 billion), an increase of 2.8 percent.
The substantial decrease in exports reduced China’s trade surplus with the United States to 285.24 billion yuan ($41.4 billion), down 24.9 percent over last year….