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JKD - U.S.-China Trade Recovery Stalls In June 2020
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The flow of trade between the U.S. and China in June 2020 shows continued signs of economic recovery following the negative impact of government-mandated lockdowns in both countries to address the coronavirus pandemic earlier in 2020.
The rebound of trade, as measured by the combined value of trade in goods and services between the two countries, showed a small month-over-month gain in June 2020, which rose to $46.9 billion from May 2020's $46.2 billion. Compared to a year earlier, however, June 2020's level was $1.2 billion below June 2019's, indicating the year-over-year gap is