China's exports to US dropped 23% in November

Omkar Godbole FXStreet Contributor

China's exports or outbound shipments to the US fell by 23% in November to register its fourth straight monthly decline and the worst monthly drop since February.

Meanwhile, imports of American goods declined by 2.8%, giving China a trade surplus of $24.6 billion with the US.

The slide in China's exports to the US comes during the 17-month long trade war between the US and China.

As a result, President Trump may feel emboldened to take more aggressive steps against China. Its worth noting that a tariff spike on $160 billion of Chinese goods is scheduled for next week.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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