US Goods Exports to China Continue to Struggle, Think Tank Says
U.S. goods exports to China this year are on pace with the low export numbers from 2021, although energy exports have dropped 13% and semiconductor exports continue to suffer, the Peterson Institute for International Economics said this week. And even…
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though agricultural exports to China are up 16% this year, Chinese purchases of U.S. goods are still falling well short of commitments made under the Trump administration’s phase one trade deal, PIIE said. “The promise” of President Donald Trump's “trade war and agreement was that things should have been much better for US exporters by now.”