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TRND - How Much Time Did The Coronavirus Pandemic Cost In U.S.-China Trade?
Pacer Trendpilot Fund of Funds ETF
A year and a pandemic after the U.S.-China Phase 1 trade deal was signed, the trailing 12-month average of the combined value of goods traded between them is back to its November 2019 level.
The pandemic has cost the U.S. and China the equivalent of 9 and a half months' worth of lost trade.
Comparing January 2020 with January 2021 shows the year-over-year gain is $11.5 billion in the value of trade between the two nations.