China Overtakes the US to Become EUࢀ™s Biggest Trade Partner as Beijingࢀ™s Economy Continues to Boom Post-COVID while the Rest of the World Slides into the Red

Theme: Economy China has overtaken the U.S. to become the EUࢀ™s biggest trade partner while the rest of the world slides into the red due to the Covid-19 pandemic. The country pushed past the United States in the third quarter to become the European Union ࢀ˜s top trade partner, as the pandemic disrupted the US while Chinese activity rebounded. Over the first nine months of 2020, trade between the EU and China totalled 425.5 billion euros ($514 billion), while trade between the EU and the United States came in at 412.5 billion euros, according to Eurostat data. These figures show…