US-China goods trade booms as if coronavirus, tariffs never happened,


Source: straitstimes.com straitstimes.com

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WASHINGTON (BLOOMBERG) - China and the US are shipping goods to each other at the briskest pace in years, making the world's largest bilateral trade relationship look as if the protracted tariff war and pandemic never happened. Eighteen months after the Trump administration signed the trade deal, the agreement has turned out to be a truce at best. The US trade deficit has not shrunk, most levies are still in place, and it has not led to negotiations over other economic issues. And yet, bilateral trade in goods is an area of stability in a relationship that has otherwise continued...