Trump cuts China trade deficit as U.S. buys more from other partners
President Donald Trump’s tariffs shrank the U.S. trade deficit with China last year, but figures indicate that Americans turned to other countries for goods and other supplies. Data released Wednesday by the Commerce Department showed the deficit in exports versus imports from China shrank to $345.6 billion, down about 18 percent from a record high […]
Coronavirus to test just how reliant the world is on Chinese manufacturers
Manufacturing and logistics players reliant on China’s giant economy are braced for an incoming shock wave from the spread of the Wuhan coronavirus, which is set to test “just how reliant we have grown on Chinese manufacturers.” The world’s second largest economy remains on lockdown, with factories in 14 provinces covering 70 percent of China’s […]
