AFMC - U.S. Trade With World Slowly Recovers As Trade With China Slowly Falls
2024-07-10 10:42:00 ET
Summary
- The diverging trends for the United States' international trade continued in May 2024.
- For China, the level of trade between the two countries is expected to fall in the months ahead as a new series of the Biden administration's anti-free trade tariffs are set to take effect on August 1, 2024.
- A slow recovery in trade between the U.S. and the rest of the world, excluding China, has been underway since January 2024.
The diverging trends for the United States' international trade continued in May 2024. The nation's trade with China was flat to lower, with the trailing twelve-month average of the total value of goods exchanged between the two nations coming in lower. Meanwhile, the recovery in trade between the U.S. and the rest of the world continued, although at a slow pace....
U.S. Trade With World Slowly Recovers As Trade With China Slowly Falls