Total exports to China in the first three months of the year were down 10% with exports of agriculture, manufacturing and energy all coming in well below the pace needed for China to keep its commitments on the Phase One trade deal with the U.S. to increase its purchases of U.S. products by $200 million this year. Projections now suggest total exports will come in around $60 billion for the year. Most of the shortfall came as a result of the economic fallout to both countries caused by Covid-19.

The shortfall was not unexpected and certainly will give ... Log in to view full article.