J Studios
As expected, there was a dramatic deviation in the level of trade between the U.S. and China in April 2025.
The combined value of goods exchanged between the two nations plunged 17.8% from their level in March 2025, from $40.8
U.S.-China Trade Plunges At Start Of New Tariff War
Summary
- As expected, there was a dramatic deviation in the level of trade between the U.S. and China in April 2025.
- The combined value of goods exchanged between the two nations plunged 17.8% from their level in March 2025, from $40.8 billion to $33.6 billion.
- We anticipate the deviation between our counterfactual and the actual trajectory of trade between the U.S. and China will continue growing when May 2025's trade data becomes available next month.
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