China’s Exports to U.S. Suffer Biggest Decline Since 2020

“A U.S.-China trade truce wasn’t enough to stem a sharp drop in shipments from China to America last month, a sign of the havoc that President Trump’s tariffs have wrought on trade between the world’s two largest economies,” the Wall Street Journal reports.

“Chinese shipments to the U.S. sank 35% from a year earlier in May, according to government data released Monday. It was the biggest percentage decline in U.S.-bound shipments since February 2020, when exports were hit by Covid-induced shutdowns, and followed a 21% drop in U.S.-bound exports in April.”