Diplomatic Divide: Trade With China Continues to Fall

The transcript discusses the US-China trade relationship, highlighting the impact of tariffs imposed by President Trump on $400 billion of Chinese imports, which led to a 15% shrinkage in trade in 2019. Despite the Phase One trade deal, tariffs remain, and a Phase Two deal seems unlikely soon. China must purchase $130 billion in US goods to meet its commitments. Meanwhile, US oil exports to China are increasing, and most US companies plan to maintain their production in China, with $14 billion invested last year, indicating that a full decoupling is improbable in the short term.

What was the amount of tariffs imposed by Trump on Chinese imports?

What percentage did trade between the US and China shrink in 2019?

What is the additional amount of goods China promised to purchase by the end of 2021?

What percentage of U.S. companies surveyed indicated they have no plans to move production out of China?

What was the amount of long-term investments made by U.S. companies in China last year?