China-US Trade Plummets By 14.5% In 2023, Blames US Tariffs

Benzinga

China-US trade fell 14.5% in the first half of 2023 from a year ago, according to China's ambassador to the US, Xie Feng. Xie blamed US tariffs and export controls for the drop. Xie called for expanding mutually beneficial economic cooperation and trade between China and the US, saying concrete steps are needed. Xie criticized the average 19% US tariffs on Chinese goods versus China's 7.3% on US imports, questioning if this is fair to US interests.

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00:00 It's Benzinga and here's what's on the block.

00:02 China-US trade fell 14.5% in the first half of 2023 from a year ago, according to China's

00:07 ambassador to the US, Xia Feng.

00:10 Xia blamed US tariffs and export controls for the drop.

00:14 Xia called for expanding mutually beneficial economic cooperation and trade between China

00:18 and US, saying concrete steps are needed.

00:21 Xia criticized average 90% US tariffs on Chinese goods versus China's 7.3% on US imports,

00:28 questioning if this is fair to US interests.

00:31 For all things money, visit Benzinga.com.

00:33 [BLANK_AUDIO]

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