Chinese exports have been declining for 12 straight months.
A truck passes by China Shipping containers at the Port of Los Angeles, after new tariffs on ChineseMARK RALSTON/AFP/Getty Images): Chinese exports to the U.S. fell dramatically in November—making it the worst month on record for exports since February.Chinese exports to the U.S. fell 23%.China's imports, though, unexpectedly rose 0.3% in November from a year prior. Although imports from the U.S.
specifically fell 2.8% to 11 billion.: The Trump administration is currently negotiating “phase one” of an overall trade deal with China that would end the back-and-forth tariffs each country has levied against against each other over the past 17 months. It’s unclear if the two sides will be able to work out a deal, though, especially if Trump goes forward with a new round of tariffs planned for December 15.
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