China's Exports to U.S. Plunge as Tariffs Alter Global Trade Map
China said exports to the U.S. plunged in April, as the Trump administration's tariff assault forced the world's second-largest economy to redirect more of its goods to Southeast Asia, Latin America, Europe and Africa. Chinese shipment of goods to the U.S. dropped 21% in April from a year earlier, while exports to the bloc of Southeast Asian nations known as Asean surged 21%. The figures underscore the degree to which U.S. tariffs on China have altered the global trade map.
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