US Exports ro China Continue to Struggle, Says Think Tank

U.S. exports to China this year are on pace with the low export numbers from 2021, with semiconductor exports continuing to suffer, the Peterson Institute for International Economics said in a Monday blog. And even though agricultural exports to China are up 16% this year, Chinese purchases of U.S. goods are still falling well short of commitments made under the Trump administration’s phase one trade deal, PIIE said. “The promise” of President Donald Trump's “trade war and agreement was that things should have been much better for US exporters by now.”