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Year over year, the value of goods traded between the U.S. and China surged in December 2020.
The level of the combined value of traded goods between the U.S. and China rose by $14 billion in December 2020 year over year.
The growth rate of China's imports from the U.S. has been positive since March 2020, while U.S. exports from China have likewise been in positive territory since September 2020.