US-China trade booms as if virus, tariffs never happened


Source: theedgemarkets.com theedgemarkets.com

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- A + A Monthly two-way trade, which tumbled to US$19 billion in February of last year amid shutdowns in Chinese factories, rebounded over the past year to new records. (July 22): 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 hasn’t shrunk, most levies are still in place, and...